Series E Directors definition
Examples of Series E Directors in a sentence
In the election of the directors --------------------------------- to be elected by the holders of the Preferred Stock (the "Series E Directors"), each holder of the Preferred Stock shall vote at any regular or special meeting of stockholders or execute a written consent at the request of Palo Alto Investors of such number of shares of voting securities then held by such holder (or as to which it then has voting power) as may be necessary to elect two (2) directors nominated by Palo Alto Investors.
In addition to such other limitations as may be provided under applicable laws and in the Restated Articles and subject to Section 8.1, any merger or acquisition transaction of the Company with a total consideration value of more than US$10,000,000 shall require at least six (6) affirmative votes of the Board, including at least three (3) affirmative votes of any of the Series E Directors, the Series D Director, the Morningside Director or the IDG Director.
The Warrantors shall cause each Series E Director to be appointed as the members of the board of the HK Co., WFOE, Shenzhen Xunlei and Xunlei Computer, and take all necessary actions, execute all necessary documents and make all necessary governmental filings to enable such Series E Directors to become directors of such Group Companies within sixty (60) Business Days of the Closing.
The Board of Directors shall be constituted in accordance with the Shareholders Agreement and the Articles of Association, and the board of directors of each Group Company shall be so constituted that it shall have the same number of directors and the same composition as the Company, unless otherwise approved by the Board of Directors (including the affirmative vote of the Series E Directors).
A quorum for a Board meeting shall consist of at least four (4) Directors (which shall include both Series E Directors).
The Company shall at any time institute and shall keep in place arrangements reasonably satisfactory to the Board of Directors (including the Series E Directors) such that the Company (i) will Control the operations of any direct or indirect Subsidiary or entity Controlled by the Company and (ii) will be permitted to properly consolidate the financial results for such entity in consolidated financial statements for the Company prepared under the applicable general accepted account principles.
For the purposes of this Agreement, the current Series E Directors of the Company shall initially be deemed to be the following individuals: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ and a party to be named by Esaote on or before the next annual meeting of the Company’s stockholders.
In addition to such other limitations as may be provided under applicable laws and in the Restated Articles and subject to Section 8.1, any merger or acquisition transaction of the Company with a total consideration value of more than US$10,000,000 shall require at least six (6) affirmative votes of the Board, including at least three (3) affirmative votes of any of the Series E Directors, the Series D Director, the Series A-1 Director or the Series A Director.
Each of the Series D Director, Series E Directors, Series F Director and Series G Director shall have the right to be designated for election on the Company’s compensation committee or any other committee of the Board of Directors.
In the event that Clarus Ventures ceases to be entitled to nominate the Series E Directors pursuant to the preceding sentence, such Series E Directors shall be nominated by holders of at least a majority of the then outstanding shares of Series E Stock.