Spinco Director definition

Spinco Director means any individual who is a current non-employee director of Spinco as of the Distribution Date.
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Spinco Director means any non-employee director serving on the SpinCo Board as of and immediately following the Distribution Date, provided that such non-employee director does not also serve on the Parent Board as of and immediately following the Distribution Date. For the avoidance of doubt, any non-employee director who serves on both the Parent Board and the SpinCo Board as of the Separation Time, but ceases to serve on the Parent Board as of the Distribution Date shall constitute a SpinCo Director for purposes of this Agreement.
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Spinco Director has the meaning set forth in the Governance Agreement, as amended by the Governance Agreement Assignment.
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Examples of Spinco Director in a sentence

  • Each WDC LTI Cash Award that is outstanding immediately prior to the Separation Time and held by a Spinco Employee or Spinco Director shall be converted into a Spinco LTI Cash Award, effective as of the Separation Time (and shall thereafter be referred to as a Spinco LTI Cash Award).

Related to Spinco Director

  • Director means a member of the Board.

  • Deputy Director means the Deputy Director of the Authority, as the case may be.

  • Athletic director means an individual responsible for administering the overall athletic program of an educational institution or, if an educational institution has separately administered athletic programs for male students and female students, the athletic program for males or the athletic program for females, as appropriate.

  • Employee means any person, including Officers and Directors, employed by the Company or any Parent or Subsidiary of the Company. Neither service as a Director nor payment of a director’s fee by the Company will be sufficient to constitute “employment” by the Company.

  • Board Member means a member of the Board.

  • Named Executive Officer or “NEO” means each of the following individuals:

  • Service employee, means any person engaged in the performance of this contract other than any person employed in a bona fide executive, administrative, or professional capacity, as these terms are defined in Part 541 of Title 29, Code of Federal Regulations, as revised. It includes all such persons regardless of any contractual relationship that may be alleged to exist between a Contractor or subcontractor and such persons.

  • Outside Director means a Director who is not an Employee.