Sponsor Member definition

Sponsor Member means a member of Sponsor who becomes party to this Agreement as a Permitted Transferee of Sponsor.

Sponsor Member means any Member who has joined the FIDO Alliance at the Sponsor 211 Member class of membership as defined in Section 11.

Sponsor Member means any direct or indirect equityholder of Sponsor as of the date of this Agreement.

Examples of Sponsor Member in a sentence

• Each member of the Board nominated by a Sponsor Member shall be and remain an employee, officer, or director of the Sponsor Member that nominated such member.

• A non-election of a nominated member by a Sponsor Member or the dismissal of such a member (once elected) is only permitted for valid reasons, including but not limited to situations, where (i) a nominated member does not comply with the requirements in the applicable laws, the Articles, these Regulations, or the other Organizational Documents, or (ii) the election of a nominated member is objectively detrimental to the interests of the Association, or (iii) the maximum number of members has been reached.

• Each Sponsor Member has one (1) vote at the General Assembly and for the written / electronic voting (Urabstimmung).

• Each Sponsor Member may designate a single observer to attend meetings of the Board when such Sponsor Member’s nominated member of the Board is unable to be present, provided that such member provides prior notice to the chairperson.

• The effective term of a Board member will cease regardless of the one-year (1) term upon (i) his or her death, (ii) the resignation of the member, termination of employment, directorship or the engagement as officer by the appointing Sponsor Member, (iii) appointment of a successor or replacement member by the Sponsor Member, or (iv) when the appointing Sponsor Member ceases to be a Sponsor Member.

More Definitions of Sponsor Member

Sponsor Member means a member of Sponsor who becomes party to this Agreement as a Permitted Transferee of Sponsor. “Subscription Agreements” shall have the meaning given in the Recitals hereto.

Sponsor Member means a member of the Sponsor who becomes party to this Agreement as a Permitted Transferee of the Sponsor.

Sponsor Member means a member of the class ‘sponsor member’ as defined in the Articles.

Sponsor Member is defined in the recitals hereto.

Sponsor Member has the meaning set forth in the LLC Agreement.

Sponsor Member means a company interested in a major influence on Alliance's direction, being ready to participate actively in Alliance's management, financial costs, promotion, and technical developments.

Sponsor Member means the SL Member and the KKR Member, respectively.