Examples of Series B Directors in a sentence
Liberty, as the sole stockholder of Splitco, will cause such persons to be appointed as members of the Splitco Board prior to the Effective Time, in the case of such Series B Directors, such appointment to be effective as of the Effective Time.
Three (3) of the Common Stock Directors and one (1) of the Series B Directors will be “independent” as to Splitco within the meaning of the rules and regulations of Nasdaq.
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.
In the event that any Series B Director is removed for cause, resigns or is otherwise unable or unwilling to serve as a director of LSG prior to the expiration of the term of such Series B Director, the holders of the LSG Series B Preferred Stock will take such action necessary to cause the election or appointment of a replacement director designated by the remaining Series B Directors to fill the vacancy and serve as a director of LSG for the unexpired term of such Series B Director.
For so long as Fidelity, together with its Affiliates, holds at least 2,000,000 Series B Preference Shares, Fidelity shall have the right to designate one (1) individual for nomination and election to the Board as Series B Directors and to remove such person from the Board (the “ Fidelity Director”).