Special Committee definition

Special Committee means a committee of the Board of Managers of the Company comprised of two individuals, each of whom qualifies as an Independent Manager.

Special Committee means a committee of the Board of Managers of the Company comprised of two members that each meet the standards of an “independent director” set forth in NASDAQ Marketplace Rule 4200(a)(15) (on any successor rule) with respect the Company, the Administrator and their respective affiliates.

Special Committee has the meaning set forth in the Recitals.

Examples of Special Committee in a sentence

• The prior consent of the Independent Manager shall be required to appoint a second Independent Manager for the purpose of serving on a Special Committee.

• Provided, however, the Members holding 66 2/3% of the Voting Shares can vote to remove and replace a Manager for “Cause” in accordance with Section 2.9. The size of the Board may be increased, including, without limitation, in connection with forming a Special Committee, or decreased from time to time by action of the Board.

• Any vesting period may be extended for a five-year period or shortened in accordance with this Section 6, provided, that any applicable Vesting Date shall be accelerated upon an Approved Sale to the date any such Approved Sale is consummated, except in the case that such sale is not approved by the Special Committee.

• The unvested Class A preferred shares issued or issuable hereunder shall be forfeited if this Agreement is terminated prior to the applicable Vesting Date or if the Special Committee does not approve a sale of the Artwork.

• MK shall not have withdrawn, modified or revoked its fairness opinion to the Special Committee and the Board of the Company.

More Definitions of Special Committee

Special Committee means the Special Committee of the Board of Directors of the Company.

Special Committee means a committee of the Company Board consisting of members of the Company Board that are not affiliated with Parent or Merger Sub and are not members of the management of the Company.

Special Committee means a committee of the Company Board consisting of members of the Company Board who are not affiliated with Parent or Merger Sub and are not members of the management of the Company.

Special Committee has the meaning set forth in the recitals to this Agreement.

Special Committee means the special committee of independent members of the Board formed in relation to the proposal to effect the transactions contemplated by this Agreement;

Special Committee means a committee appointed by council at any time to deal with a specific issue(s) and exist for a length of time required to review the issue(s) and make recommendations to council.

Special Committee means the special committee of the Board formed in relation to the proposal to effect the transactions contemplated by this Agreement.