Initial Board definition

Initial Board means the board of a newly reorganized district that is selected pursuant to section 275.25 or 275.41 and functions until the organizational meeting following the second regular school election held after the effective date of the reorganization.

Initial Board means the Board of Directors of the Company immediately following the consummation of the transactions contemplated by the Merger Agreement.

Initial Board has the meaning set forth in Section 6.1.

Examples of Initial Board in a sentence

• The Initial Stockholder Director shall consult with Sxxxx on nominations for the Board and the Initial Stockholder Director will have the right to approve any proposed members to the Committees to be nominated by Sxxxx or the Company Directors (such approval not to be unreasonably withheld), until the occurrence of the Initial Board Composition Event.

• Until the Initial Board Composition Event, any Board approval for (i) any proposed material acquisition of a company or an acquisition of or merger with the Company by or into a third party, or (ii) any uplisting to NASDAQ or NYSE (via a de-SPAC transaction, merger or otherwise), shall require the approval of the Initial Stockholder Director.

• Each Committee shall consist initially of the Initial Stockholder Director until the Initial Board Composition Event, at which time each such Committee shall automatically increase to three (3) directors, and will adopt customary charters.

More Definitions of Initial Board

Initial Board means the directors who are members of the Board effective as of the Closing.

Initial Board has the meaning set forth in Section 6.1 hereof.

Initial Board has the meaning set forth in Section 2.01(a).

Initial Board means the Board of Directors of Pubco immediately following the consummation of the Transactions.

Initial Board shall have the meaning set forth in Article IV.Q.3 hereof.

Initial Board has the meaning specified in the Sponsor Agreement.

Initial Board means those individuals appointed by Declarant as Directors pursuant to the power granted to Declarant in Section 9.04 of these Articles.