Qualified Board definition

Qualified Board means the Board of Directors of the Company which is comprised of no fewer than five persons at least a majority of whose members are currently directors of the Company or shall have been elected or nominated to the Board by a "Qualified Board".
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Qualified Board means two or more experts in the field of behavior and treatment of sexual offenders as determined by the department of human services.
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Examples of Qualified Board in a sentence

  • This Plan may be terminated at any time without penalty with respect to the Class by vote of a majority of the Qualified Board Members or by vote of the majority of the outstanding voting securities of the Class.

  • All material amendments to this Plan must in any event be approved by a vote of a majority of the Board, and of the Qualified Board Members, cast in person at a meeting called for such purpose.

  • The Plan may be terminated at any time with respect to a Class of a Fund (i) by the Fund without the payment of any penalty, by the vote of a majority of the outstanding voting securities of such Class of such Fund or (ii) by a majority vote of the Qualified Board Members.

  • This Plan shall continue in effect indefinitely, provided that such continuance is approved at least annually by a vote of a majority of the Board, and of the Qualified Board Members, cast in person at a meeting called for such purpose or by vote of at least a majority of the outstanding voting securities of the Class.

  • The Plan will continue in effect with respect to each Class until June 30, 2007 and thereafter for successive twelve-month periods with respect to each Class; provided, however, that such continuance is specifically approved at least annually by the Board members of the Trust and by a majority of the Qualified Board Members in accordance with Section 5.

  • The Plan will continue in effect with respect to each Class until December 1, 2006 and thereafter for successive twelve-month periods with respect to each Class; provided, however, that such continuance is specifically approved at least annually by the Board members of the Company and by a majority of the Qualified Board Members in accordance with Section 5.

  • The Plan may be terminated at any time with respect to a Class of a Fund by the Fund without the payment of any penalty (i) by the vote of a majority of the outstanding voting securities of such Class of such Fund or (ii) by a majority vote of the Qualified Board Members.

  • This Agreement may be terminated at any time, without payment of any penalty, by vote of a majority of the Qualified Board Members or by vote of a majority of the outstanding voting securities of the Company, on not more than 60 days' written notice to any other party to this Agreement.

  • As used in this Agreement, "Qualified Board Members" means the Board Members of the Company who are not "interested persons," as that term is defined in the 1940 Act, of the Company and have no direct or indirect financial interest in the operation of the Service Plans, or in any agreements related to the Service Plan.

  • The Plan will continue in effect with respect to each Class until December 1, 2006 and thereafter for successive twelve- month periods with respect to each Class; provided, however, that such continuance is specifically approved at least annually by the Board members of the Company and by a majority of the Qualified Board Members in accordance with Section 5.

Related to Qualified Board

  • Company Board of Directors means the board of directors of the Company.

  • Parent Board means the board of directors of Parent.

  • MUSL Board means the governing body of the MUSL, which is comprised of the chief executive officer of each Party Lottery.

  • Member board means a state agency in a member state that acts in the sovereign interests of the state by protecting the public through licensure, regulation, and education of physicians as directed by the state government.

  • R.S. Board means the Board of Governors of the Federal Reserve System or any successor thereto.

  • Independent Board Committee means the independent board committee of the Company

  • Company Board means the Board of Directors of the Company.

  • National Board means the National Board of Boiler and Pressure Vessel Inspectors, (NB) 1055 Crupper Avenue, Columbus, Ohio 43229, whose membership is composed of the Chief Boiler Inspectors of jurisdictions who are charged with the enforcement of the provisions of the ASME Code.

  • Subsidiary Board means the board of trustees of a subsidiary corporation.

  • Board of Directors or Board means the Board of Directors of Prakash Steelage Limited, as constituted from time to time.

  • The Board of Directors or "Board" means all those persons appointed to perform the duties of directors of the society;

  • College board means the state board for community and

  • Regional Board means a California regional water quality control board.

  • Board or Board of Directors means the Board of Directors of the Company.

  • Special Committee means a committee of the Board of Managers of the Company comprised of two individuals, each of whom qualifies as an Independent Manager.

  • CPF Board means the Central Provident Fund Board, a body corporate established under the Central Provident Fund Act (Cap. 36);

  • Nomination Committee means the nomination committee of the Board established in accordance with Article 114;

  • the Board means the board of directors of the Company;

  • Full Board means the authorized number of voting members of the Board of Education.

  • Independent Directors means the members of the Board of Directors who are not officers or employees of the Manager.

  • Guarantor’s Board of Directors means, with respect to any Guarantor, either the board of directors of such Guarantor or any duly authorized committee of that board.

  • Governing board means the Fund's Board of Directors if the Fund is a corporation or the Fund's Board of Trustees if the Fund is a trust, or, where duly authorized, a competent committee thereof.

  • Disinterested Board Members means those members of the Board of a Fund that are not deemed to be "interested persons" of the Fund, as defined by the Act.

  • Independent Board Member means a trustee of the Fund who is neither an “interested person” of the Fund as defined in Section 2(a)(19) of the Investment Company Act of 1940, as amended, nor a party to the Proceeding with respect to which indemnification or advances are sought.

  • Board Committee means those individual members of the Board of Directors who have been appointed by the Board of Directors with the powers and responsibilities specified in Article VIII and to which has been delegated any fiduciary responsibilities of the Board of Directors with respect to the Plan.

  • Member of the Board means an individual who is a member of the Board or of the board of directors of a Subsidiary or an Affiliate.