Series B Directors definition

Series B Directors means each director of the Company that the holders of record of the Series B Preferred Stock are entitled, exclusively and as a separate class, to elect pursuant to the Restated Certificate.

Series B Directors means the directors of the Company who are serving on the Board of Directors effective as of the Issue Date as Series B Directors pursuant to the Series B Certificate of Designation or thereafter (i) elected to the Board of Directors pursuant to the Series B Certificate of Designation by the holders of the Series B Preferred Stock voting as a separate class or (ii) appointed to the Board of Directors pursuant to the Series B Certificate of Designation.

Series B Directors has the meaning set forth in Section 2.2(c).

Examples of Series B Directors in a sentence

• The Series B Holders shall consult with the Nominating and Corporate Governance Committee (which may delegate such consultation to the Committee Chairperson and/or the Chief Executive Officer of the Company) regarding the names, backgrounds and qualifications of the persons to be nominated as Series B Directors after considering the Company’s Corporate Governance Guidelines (as made publicly available from time to time).

• At least two (2) of the Series B Directors shall have substantial operating or industry experience, and no more than two (2) Series B Directors may be Persons who are not Independent Directors.

• Any vacancies created as a result of a reduction in the number of Series B Directors that the Series B Holders are entitled to elect pursuant to Section 4(a) of the Certificate of Designation shall be filled by nominees (A) who satisfy the requirements of Section 1.1(c), and (B) are recommended by the Nominating and Corporate Governance Committee and approved by the Board.

• The holders of record of the shares of Series A Preferred Stock, exclusively and as a separate class, shall be entitled to elect three directors of the Corporation (together with the Series B Directors, the “Preferred Directors”).

• The Company shall reimburse the Series A Directors, Series B Directors and the Observers for all reasonable out-of-pocket travel expenses incurred in connection with attending meetings of the Board, committee meetings of the Board or any other activities (e.g. meetings, trade shows, etc.) which are required and/or requested.

More Definitions of Series B Directors

Series B Directors has the meaning set forth in Section 5.3(b) of this Agreement.

Series B Directors shall have the meaning set forth in Section 15(b) hereof.

Series B Directors shall have the meaning set forth in Section 6.19. ------------------

Series B Directors means those directors elected by the holders of the Series B-1 Preferred and Series B-2 Preferred to serve on the Board of Directors from time to time.

Series B Directors or “Series B Director” has the meaning specified in Article 73(a).

Series B Directors shall have the same meaning as defined in the Company’s Memorandum and Articles of Association (as amended from time to time).

Series B Directors means those directors designated by the Series B Holders and elected pursuant to Section 4.1(c)(ii) below.