Investor Designee definition

Investor Designee means an individual nominated by the Board as a “Investor Designee” for election to the Board pursuant to Section 5.10(a), Section 5.10(d) or Section 5.10(e) of the Investment Agreement.

Investor Designee shall have the meaning set forth in Section 5(a).

Investor Designee has the meaning set forth in Section 2.01.

Examples of Investor Designee in a sentence

• The Board and the holders of Common Stock shall not have the right to remove any Investor Designee from the Board (even for cause), such right of removal being vested exclusively with the Holders of a majority of the then outstanding shares of Series A Preferred Stock.

• For so long as the Company maintains directors and officers liability insurance, the Company shall include each Investor Designee as an “insured” for all purposes under such insurance policy for so long as such Investor Designee is a director of the Company and for the same period as for other former directors of the Company when such Investor Designee ceases to be a director of the Company.

• The Investor Designee will be entitled to reimbursement from the Company of out of pocket expenses in connection with his or her role as a director consistent with other directors on the Board.

• Upon the end of the Director Period, the Investor shall cause the Investor Designee to tender to the Board, as soon as practicable and in any event within five (5) days following the end of the Director Period, his or her resignation from the Board.

• In the event that any duly elected Investor Designee is removed from the Board of Directors, the Investor shall be entitled to designate another of Investor’s designees for nomination for election to the Board of Directors.

More Definitions of Investor Designee

Investor Designee has the meaning set forth in Section 1.1(a).

Investor Designee shall have the meaning set forth in Section 4.4.

Investor Designee means an individual designated in writing by the Investors and/or the VCOC Investor to be appointed as an observer to the Board and/or as a member of the Strategic Development Committee pursuant to Section 5.09, as applicable.

Investor Designee has the meaning set forth in Section 7.1(a).

Investor Designee means any director of the Board who has been designated by the Investor pursuant to Article 2 hereof.

Investor Designee shall have the meaning assigned to it in the Investor Agreement.

Investor Designee means an individual designated in writing by the Investor Parties and reasonably acceptable to the Board to be elected or nominated by the Company for election to the Board pursuant to Section 5.10(a), Section 5.10(c) or Section 5.10(d), as applicable; provided, that any employee of Sponsor with the title of managing director or member will be deemed reasonably acceptable to the Board.