Qualified Independent Director definition

Qualified Independent Director means an individual who (i) is an Independent Director (as defined below), (ii) has served for at least three years on the board of directors of at least two separate publicly-traded companies in the United States with market capitalization of at least US$700,000,000 (a “Relevant Company”), (iii) is currently serving on the board of directors of at least one such Relevant Company and (iv) to your knowledge has not been the defendant in (or an officer or director of an entity that has been a defendant in) any criminal or civil complaint of the SEC or any other material action brought by any Person alleging the violation of any state or Federal securities laws unless such action has been adjudicated pursuant to a non-appealable judgment absolving such Person (or such entity, as applicable) of all wrongdoing and (b) an “Independent Director” means an individual who the Board or nominating committee thereof has determined is “independent” within the meaning of Listing Rule 5605(a)(2).
Qualified Independent Director means a director who meets the standard for “independence” under either the listing criteria of The Nasdaq Stock Market or The NYSE-AMEX Stock Market.
Qualified Independent Director means a person other than an officer of the Company or its subsidiaries or any other individual having a relationship which, in the opinion of the Company’s board of directors, would interfere with the exercise of independent judgment in carrying out the responsibilities of a director, but excludes a director who is employed by the Company or by any parent or subsidiary of the Company or who is otherwise compensated by the Company, or by any parent or subsidiary of the Company, except in that person’s capacity as a director of the Company, or any parent or subsidiary of the Company. Notwithstanding the foregoing, a person would not be excluded from the definition of Qualified Independent Director if such person performs services for the Company on limited special projects and receives compensation for such services if a majority of the remaining Qualified Independent Directors conclude that performance of such services would not otherwise interfere with that director’s exercise of independent judgment in carrying out the responsibilities of a director.

Examples of Qualified Independent Director in a sentence

  • For purposes of this paragraph (b), a "Qualified Independent Director" means an individual to be designated by the Company, who meets the applicable Nasdaq listing standards to qualify as an independent director of the Company and whose election to director has been affirmatively consented to in advance by the Purchaser.

  • He obtained a Certificate of Qualified Independent Director ( 獨 立 董 事 資 格 證 書 ) from the Shanghai Stock Exchange in August 2017.

  • Mr. Chau also obtained a certificate of Qualified Independent Director from the Shanghai Stock Exchange since August 2017 and was approved by the China Banking Regulatory Commission as a qualified director of banking institutions in China since March 2020.


More Definitions of Qualified Independent Director

Qualified Independent Director means (x) Jxxxxxx Xxxxx and (y) an individual who is not an Affiliate, or a current or former employee, officer, member, or partner of the Borrower or any of its Subsidiaries, Searchlight, Nantahala or any holder or any Affiliate of any holder of the Borrower’s funded indebtedness or more than 5% of the Borrower’s common stock. Notwithstanding anything to the contrary herein, the Borrower and Administrative Agent’s entry into a mutually acceptable confidentiality agreement after the Effective Date shall be a condition precedent to the Borrower’s obligations with respect to deliveries and sharing of information to the Administrative Agent hereunder. Following the execution and delivery of such confidentiality agreement by each of the Borrower and the Administrative Agent, the Administrative Agent shall be permitted from time to time to make reasonable inquiries and deliver reasonable diligence requests to Rothschild & Co, Inc., in its capacity as a Lenders’ Advisor (“Rothschild”), and Rothschild shall be permitted to respond to such reasonable inquiries and requests so long as the delivery of such response and any corresponding written work product to the Administrative Agent is approved by the Ad Hoc Group and otherwise does not vitiate any applicable protections, privileges and immunities of the Ad Hoc Group under applicable law.

Related to Qualified Independent Director

  • Independent Director means a director referred to in Section 149 (6) of the Companies Act, 2013.

  • Qualified Independent Underwriter means a “qualified independent underwriter” within the meaning of FINRA Rule 5121.

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

  • Independent Director/Trustee means any; (i) director or trustee of an Invesco Mutual Fund who is not an “interested person” (as defined in Section 2(a)(19) of the Investment Company Act) of an Invesco Mutual Fund; (ii) director or trustee of an Invesco ETP who is not an “interested person” (as defined in Section 2(a)(19) of the Investment Company Act) of an Invesco ETP; or (iii) member of the Invesco Canada Independent Review Committee, Invesco Canada Funds Advisory Board or Board of Directors of Invesco Corporate Class Inc. who has no other executive responsibilities or engagement in an Invesco Canada Fund or Invesco NA’s day-to-day activities beyond the scope of their duties as director/trustee.

  • Independent Director/Trustee means any; (i) director or trustee of an Invesco Mutual Fund who is not an “interested person” (as defined in Section 2(a)(19) of the Investment Company Act) of an Invesco Mutual Fund; (ii) director or trustee of an Invesco ETP who is not an “interested person” (as defined in Section 2(a)(19) of the Investment Company Act) of an Invesco ETP; or (iii) member of the Invesco Canada Independent Review Committee, Invesco Canada Funds Advisory Board or Board of Directors of Invesco Corporate Class Inc. who has no other executive responsibilities or engagement in an Invesco Canada Fund or Invesco NA’s day-to-day activities beyond the scope of their duties as director/trustee.

  • Inside Director means a Director who is an Employee.

  • Designated Director means a person designated by the RE to ensure overall compliance with the obligations imposed under chapter IV of the PML Act and the Rules and shall include:

  • 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.

  • Qualified Director means a person who, at the time action is to be taken under:

  • Independent Fund Director means an independent director of an investment company advised by Invesco.

  • Interested Director means a director or trustee of an investment company who is an interested person within the meaning of Section 2(a)(19) of the Act. A “Disinterested Director” is a director who is not an interested person under Section 2(a)(19) of the Act.

  • Investor Director means any Director designated or nominated for election to the Board by the Investor Shareholders pursuant to Section 2.1 of this Agreement.

  • Qualifying Director means a Person who is, with respect to actions intended to obtain an exemption from Section 16(b) of the Exchange Act pursuant to Rule 16b-3 under the Exchange Act, a “non-employee director” within the meaning of Rule 16b-3 under the Exchange Act.

  • Outside Director means a Director who is not an Employee.

  • shadow director means, in relation to a company, any person in accordance with whose directions or instructions the directors of the company are accustomed to act, but the person is not deemed to be a shadow director by reason only that the directors act on advice given by that person in a professional capacity; and

  • Disinterested Director/Trustee means a Director/Trustee of the Fund who is not an "interested person" of the Fund within the meaning of Section 2(a)(19) of the Act.

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

  • Parent Directors means the Directors elected or appointed pursuant to Articles 53 – 56 inclusive;

  • Unaffiliated Director means, for purposes of this Code, a director or honorary director of the Fund who is not a director, officer or employee of the Adviser or an affiliate thereof.

  • Disinterested Director means a director of the Company who is not and was not a party to the Proceeding in respect of which indemnification is sought by Indemnitee.

  • Non-interested director means a director who is not an “interested director” of a fund and who is not employed by, or has a material business or professional relationship with, the fund or the fund’s investment adviser or underwriter. See Section 2(a)(19) of the Investment Company Act of 1940 for more information.

  • 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.

  • Sponsor Director means an individual elected to the Board that has been nominated by the Sponsor pursuant to this Agreement.

  • Elected Director means a person elected as an elected director in accordance with these bylaws or elected or appointed as a replacement director for an elected director;

  • Disinterested Director/Trustee means a Director/Trustee of the Fund who is not an "interested person" of the Fund within the meaning of Section 2(a)(19) of the Act.

  • Independent Qualified Party means an investment banking firm, accounting firm or appraisal firm of national standing; provided, however, that such firm is not an Affiliate of the Company.