Preferred Director definition

Preferred Director means any director of the Company that the holders of record of the Preferred Stock are entitled to elect pursuant to the Company’s Certificate of Incorporation.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Preferred Director has the meaning set forth in Section 7(b).

Preferred Director has the meaning set forth in the Certificate of Incorporation.

Examples of Preferred Director in a sentence

• The Company further agrees that no advancement or payment by the Investor Indemnitors on behalf of any such Preferred Director with respect to any claim for which such Preferred Director has sought indemnification from the Company shall affect the foregoing and the Investor Indemnitors shall have a right of contribution and/or be subrogated to the extent of such advancement or payment to all of the rights of recovery of such Preferred Director against the Company.

• Until such time as the Board of Directors, including the Requisite Preferred Director Vote, determines that such insurance should be discontinued, the Company shall use commercially reasonable efforts to maintain, from financially sound and reputable insurers, Directors and Officers liability insurance in an amount and on terms and conditions satisfactory to the Board of Directors.

• In addition, the Company shall not amend, modify, terminate, waive, or otherwise alter, in whole or in part, any of the above-referenced agreements or any restricted stock agreement between the Company and any employee, without the consent of the Board of Directors, including the Requisite Preferred Director Vote.

• Each committee of the Board of Directors shall include at least one Preferred Director.

More Definitions of Preferred Director

Preferred Director means, together, the Series A Directors and the Series B Director.

Preferred Director has the meaning set forth in the Restated Certificate.

Preferred Director has the meaning set forth in Section 4.4.

Preferred Director has the meaning set forth in Section 10(c).

Preferred Director means any director of the Corporation elected or appointed pursuant to Section 8.3 hereof.

Preferred Director means a director elected pursuant to paragraph (C) of Section 9 hereof.

Preferred Director means any individual elected to the Board, to serve as a director, pursuant to Section 3(b)(i) of this Article IX.