Examples of Initial Board Term in a sentence
In the event of a vacancy on any Board Committee during the Initial Board Term, the Directors A shall make a recommendation to the Nominations, Governance and Corporate Responsibility Committee of a replacement candidate if the vacancy occurs in a Board seat previously held by a Director A, and the Directors B shall make a recommendation to the Nominations, Governance and Corporate Responsibility Committee of a replacement candidate if the vacancy occurs in a Board seat previously held by a Director B.
During the Initial Board Term, these Board Rules may be amended and supplemented by the Board from time to time by a resolution passed with the vote in favour of at least two-thirds (2/3) of the Whole Board.
For the Initial Board Term, the Human Resources and Compensation Committee and the Audit, Finance and Risk Committee shall each be chaired by a Non-Executive Director A, and the Technology Committee shall be chaired by a Non-Executive Director B.
The Company shall appoint the Executive as a member of the Board for an initial three (3) year term commencing on the Effective Date (the "Initial Board Term").
A resolution to effect a merger may only be adopted on the proposal of the Board, which, during the Initial Board Term, shall require a resolution adopted by two-thirds (2/3) of the Whole Board.
It also displays the detailed alignment of homologous sequences.• NCBI- CCDS database (https://www.ncbi.nlm.nih.gov/CCDS/CcdsBrowse.cgi): The Consensus Coding Sequence (CCDS) displays the consensus coding sequence of the searched gene, starting with the ATG start codon; and ending with the stop codon.
During the Initial Board Term, notwithstanding anything to the contrary contained in the Articles and these Board Rules, each of the Directors (or his or her successor) shall be nominated in accordance with the Articles for election and/or re-election, as applicable, to the Board pursuant to a binding nomination at each of the applicable General Meetings of Shareholders occurring during the Initial Board Term.
Each of the aforementioned Board Committees shall, during the Initial Board Term, consist of three Directors B and two Directors A.
At the end of the Initial Board Term, the New Board shall be redetermined by vote of the Holders of New Equity (which vote shall occur annually) on the same basis set forth for the Initial Board Term above, until such time as Reorganized Cengage has completed a Qualified Public Offering.
Until the conclusion of the Initial Board Term, any person who is appointed to the Board to fill a Board seat that was previously held by a Director O or a Director P shall be designated as a Director O or a Director P, respectively, for purposes of the Articles and these Board Rules.