Preferred Share Directors definition

Preferred Share Directors shall have the meaning as defined in the Amended Articles.

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Preferred Share Directors shall have the meaning as defined in Section 2.11(a).

Preferred Share Directors means the directors then serving on the Board who were elected by the holders of Preferred Shares pursuant to the terms of the Articles.

Examples of Preferred Share Directors in a sentence

• Notice for a special meeting to elect Preferred Share Directors will be given in a similar manner to that provided in the By-Laws for a special meeting of the shareholders.

• Subject to the Articles, the Board (including all Preferred Share Directors) shall be entitled to designate, appoint, or remove the Senior Management Personnel of the Group Companies, including, without limitation, the CEO, chief operating officer, chief financial officer and chief technical officer (if applicable).

• The Series C Shareholder may appoint four (4) Directors (the “Series C Directors, and collectively with the Existing Preferred Share Directors, the “Preferred Share Directors”) and may in like manner remove with or without cause any Series C Director so appointed and may in like manner appoint another Person in his stead.

• If the Offered Price includes consideration other than cash, the cash equivalent value of the non-cash consideration will be determined by the Board of Directors of the Company (including affirmative votes of all Preferred Share Directors) in good faith, and such determination will be binding upon the Company, each Preferred Shareholder (if applicable), and the Key Founder Seller or the Other Shareholder Seller (as the case may be), absent fraud or error.

• The Audit Committee shall consist of five (5) members, (3) of which are Preferred Share Directors, including two (2) Series C Directors and one (1) Existing Preferred Share Director.

• The Company shall institute and shall keep in place arrangements reasonably satisfactory to all the Preferred Share Directors such that the Company (i) will control the operations of any Subsidiary of, or entity controlled by, the Company, and (ii) will be permitted to properly consolidate the financial results of all the Subsidiaries and VIE Entities in the consolidated financial statements for the Company.

• Preferred Share Directors may only be elected by the holders of the Preferred Shares in accordance with this Subsection 7.

• The Preferred Share Directors shall each be entitled to one vote per director on any matter.

• In case any vacancy shall occur among the Preferred Share Directors, such vacancy may be filled for the unexpired portion of the term by vote of the single remaining Preferred Share Director or his or her successor in office, or, if such vacancy shall occur more than 90 days prior to the first anniversary of the next preceding annual meeting of shareholders, by the holders of the issued and outstanding Preferred Shares at a special meeting of such shareholders called for the purpose.

• The Company shall maintain D&O Insurance to the extent deemed appropriate by the Board (including all the Preferred Share Directors).

More Definitions of Preferred Share Directors

Preferred Share Directors means the ▇▇▇▇▇▇▇ Director, the GGV Director, the Crescent Director, and the IDG Director.

Preferred Share Directors means the Sennett Director, the GGV Director, the Crescent Director, and the IDG Director.

Preferred Share Directors shall have the meaning set forth in the Third Amended and Restated Voting Agreement of even date herewith, by and among the Company and the Shareholders.