Initial Independent Directors definition
Examples of Initial Independent Directors in a sentence
Initial Independent Directors of Holdco........................85 SECTION 8.16.
Of such nine directors, (a) four shall be the Initial Sponsor Nominees, (b) two shall be the Initial SPAC Sponsor Nominees, (c) two shall be the Initial Independent Directors and (d) one shall be the Chief Executive Officer of the Company (including any successor, each, a “Nominee”).
Of such eleven Directors, (a) six shall be the Initial Blackstone Directors, (b) two shall be the Initial Sponsor Designees and (c) three shall be the Initial Independent Directors.
The Initial Independent Directors shall be assigned to each class as follows: [●] shall serve in Class I and [●] shall serve in Class II (the “Initial Independent Directors”).
The Initial Independent Directors shall be assigned to each class as follows: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ shall serve in Class I and ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ shall serve in Class II (the “Initial Independent Directors”).