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.

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

Preferred Director shall have the meaning set forth in the Certificate of Incorporation.

Examples of Preferred Director in a sentence

• If the office of any Preferred Director becomes vacant for any reason other than removal from office as aforesaid, the remaining Preferred Director may choose a successor who shall hold office for the unexpired term in respect of which such vacancy occurred.

• Any Preferred Director may be removed at any time, with or without cause, and any vacancy created thereby may be filled, only by the affirmative vote of the holders a majority of the shares of Designated Preferred Stock at the time outstanding voting separately as a class together with the holders of shares of Voting Parity Stock, to the extent the voting rights of such holders described above are then exercisable.

• Each director appointed as aforesaid by the remaining Preferred Director shall be deemed, for all purposes hereof, to be a Preferred Director.

• Any Preferred Director may be removed at any time, with or without cause, and any vacancy created thereby may be filled, only by the affirmative vote of the holders a majority of the shares of Designated Preferred Stock at the time outstanding voting separately as a class.

• If the office of any Preferred Director becomes vacant for any reason other than removal from office as aforesaid, the holders of a majority of the outstanding shares of Designated Preferred Stock, voting as a single class, may choose a successor who shall hold office for the unexpired term in respect of which such vacancy occurred.

More Definitions of Preferred Director

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

Preferred Director shall have the meaning set forth in Section 4(d) hereof.

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

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.