Required Director definition

Required Director means with respect to Fiat and the VEBA if such Person has a then-current right to appoint, and has appointed, one or more Directors under Section 5.3, one Director so appointed by such Person.
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Examples of Required Director in a sentence

  • Prior to the appointment of any Replacement Director to the Board, the Replacement Director will submit to the Company the Required Director Information.

  • Unless otherwise provided by Law or this Agreement, the presence of Directors constituting a majority of the voting authority of the whole Board of Directors, including the Required Directors, shall be necessary to constitute a quorum for the transaction of business; provided, however, that any Required Director may waive, in writing, his or her presence to constitute a quorum.

  • The Company shall require each employee of the Company to execute a customary confidential information and invention assignment agreement as a condition of employment, and each consulting agreement by the Company shall contain customary provisions as to consultant invention assignment and confidentiality, unless in each case otherwise approved by the Required Director Approval.

  • Any voting stock so approved by the Required Director Vote or by a shareholder vote shall not count against such 20% limit unless otherwise provided in such approval.

  • If employees are permitted to early exercise unvested options or are granted restricted stock awards, unless otherwise approved by the Required Director Approval, the repurchase option shall provide that upon termination of the employment of the stockholder, with or without cause, the Company or its assignee (to the extent permissible under any applicable securities law qualification) shall retain the option to repurchase at the original issuance price thereof any unvested shares held by such stockholder.

  • Following the date of this Agreement, the Company shall require any individual who becomes an employee, officer or consultant of the Company to execute and deliver the Company’s standard form Proprietary Information and Inventions Assignment Agreement, provided that the Board may amend or modify such form with the Required Director Approval.

  • Notwithstanding the foregoing, the presence of a Required Director shall not be required to constitute a quorum at the second of any two consecutive duly called meetings of the Board of which that Required Director received proper notice and which such Required Director has not attended in person or by conference telephone.

  • All decisions of a committee of the Board shall be made at a meeting of such committee, where a quorum is present pursuant to Section 6(e), by a majority vote of the directors present at such meeting which must include the affirmative vote of at least one IPC Required Director.

  • A quorum of the Board or a committee of the Board shall consist of a majority of the directors or committee members, as applicable, which in any case, must include at least one IPC Required Director.

  • If a Shareholder nominating a Required Director does not waive such requirement, each such Shareholder agrees to use its reasonable efforts to see that one of its nominee directors is present in person or participates by telephone in all meetings of the Board in order to constitute a quorum.