Series C Directors definition

Series C Directors and each a “Series C Director”), (c) for so long as Banyan holds any Share, Banyan shall be entitled to appoint one (1) director to the Board, (d) for so long as Sun Vantage holds any Share, Sun Vantage shall be entitled to appoint one (1) director to the Board (together with the Director appointed by Banyan, the “Series B Directors”, and each a “Series B Director”), and (e) the Ordinary Majority shall be entitled to appoint four (4) director to the Board (collectively, the “Management Directors”), one of which shall be XXXXX Xxxxx (the “Founder Director”). When the number of Management Directors is less than four (4), the Founder Director is entitled to exercise the voting right of the vacant Management Director(s) that should otherwise be appointed by the Ordinary Majority in accordance with this Section 1.2, and the board of directors of the Company’s Subsidiaries, as applicable, shall apply to such mechanism mutatis mutandis. Any vacancy on the Board occurring because of the death, resignation or removal of a Director shall be filled by the vote or written consent of the same shareholder or shareholders who nominated and elected such Director. Each Director (other than the Founder Director) is entitled to one (1) vote, while the Founder Director shall be entitled to two (2) votes at each meeting of the Board. Tencent shall be entitled to appoint one (1) representative to attend all meetings of the Board in the non-voting observer capacity. The holders of the remaining Preferred Shares shall be entitled to appoint two (2) representatives to attend all meetings of the Board in the non-voting observer capacity by a simple majority of votes (voting as a single class and on an as-converted basis).

Series C Directors shall have the meaning as defined in Section 2.11(a).

Series C Directors means those members of the Board of Directors who are elected pursuant to Section 1(c)(i) of the Voting Agreement.

Examples of Series C Directors in a sentence

• Seventh Framework Programme (grant agreement 613034), European Union.

• So long as the Non-Redemption Event shall continue, any vacancy in the office of a Series C Director may be filled by written consent of the Series C Directors remaining in office or, if none remains in office, by vote of the holders of a majority of the outstanding shares of Series C Preferred Stock.

• Upon the occurrence of a Non-Redemption Event, the Board shall immediately call a special meeting of all holders of Series C Preferred Stock for the purpose of electing the Series C Directors and the holders of the Series C Preferred Stock shall have the right to vote, as a single class, to elect by a majority vote of the then outstanding Series C Preferred Stock, the Series C Directors although less than a quorum.

• As long as the Non-Redemption Event shall continue, holders of any of the outstanding capital stock (other than the Series C Preferred Stock) of the Corporation entitled to vote on the election of directors shall not be entitled to vote on the election or removal of the Series C Directors.

• The Audit Committee shall consist of five (5) members, (3) of which are Preferred Share Directors, including two (2) Series C Directors and one (1) Existing Preferred Share Director.

More Definitions of Series C Directors

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

Series C Directors means the directors of the Company that the holders of record of the Series C Preferred Stock are entitled to elect pursuant to the Restated Certificate.

Series C Directors has the meaning set forth in Section 3.1(b).

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

Series C Directors or “Series C Director” has the meaning set forth in Section 6.1(a) hereof.

Series C Directors means the directors of the Corporation elected by the holders of the Series C Voting Preferred Stock pursuant to paragraph 7(ii).

Series C Directors has the meaning set forth in the Certificate of Incorporation.