Requisite Directors definition

Requisite Directors means a majority of the Preferred Directors, provided that if the number of Preferred Directors then in office is two or less, then only the vote of one of the Preferred Directors shall be required.

Requisite Directors means [***].

Requisite Directors shall have the meaning set forth in the Stockholders’ Agreement.

Examples of Requisite Directors in a sentence

• In addition, the Company shall not amend, modify, terminate, waive, or otherwise alter, in whole or in part, any of the above-referenced agreements or any restricted stock agreement between the Company and any employee, without the consent of the Requisite Directors.

• ALTERNATIVE(S): TDC will continue to operate, but neither its board nor the University’s President would have the benefit of the input and stewardship of the two Requisite Directors.

• Students interested in applying for external scholarships - such as the Truman, Rhodes or Goldwater-should consult the National Scholarship Resource Center (NSRC) Web site at www.wright.edu/academics/honors/nsrc.

• The Issuer shall not, without the approval of a majority of the Board, including the Requisite Directors, (a) create or amend any stock option plan or similar stock option, equity participation or bonus arrangement or (b) allocate any capital stock or any securities convertible into or evidencing the right to purchase shares of capital stock to employees, directors or consultants of the Issuer.

• The Company shall use its commercially reasonable efforts to maintain Directors and Officers liability insurance covering the Company’s directors and officers, with a minimum coverage amount of $3 million and on terms and conditions satisfactory to the Board of Directors, including the Requisite Directors, until such time as the Board of Directors determines that such insurance should be discontinued.

More Definitions of Requisite Directors

Requisite Directors means each Preferred Director.

Requisite Directors means directors of the Company consisting of both a two-thirds majority of the Board of Directors of the Company and a majority of the Operator Directors.

Requisite Directors means a majority of the Preferred Directors (as defined in the Restated Certificate).

Requisite Directors mean the majority of the Investor Directors (as such term is defined in the Stockholders’ Agreement).

Requisite Directors means three out of four of the following groups (each, a "DIRECTOR GROUP"):

Requisite Directors means two out of three of the other Director Groups; PROVIDED, HOWEVER, if at any time more than one such group is an Excluded Holder, then the term "REQUISITE DIRECTORS" shall mean a simple majority of the Board (voting as individuals) after excluding any Abstaining Directors, if any.

Requisite Directors means a simple majority of the Board (voting as individuals) after excluding any Abstaining Directors, if any.