Subsequent Director definition

Subsequent Director means a Non-Employee Director of DRS who becomes a member of the Board of Directors subsequent to the Effective Date.
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Subsequent Director means a person who becomes a Non-Employee Director subsequent to the date of requisite approval of this Plan by the shareholders of the Company.
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Subsequent Director means a Non-Employee Director of the Company who becomes a member of the Board (or with respect to directors who are also employees of the Company, a director who becomes a Non-Employee Director) subsequent to the Effective Date.
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Examples of Subsequent Director in a sentence

  • The exercise price of each First Director Option and Subsequent Director Option will be equal to 100% of the Fair Market Value of the Common Stock subject to such option (as determined in accordance with the 2018 Plan) on the date such option is granted.

  • For the avoidance of doubt, the Executive Chairman of the Board will not be eligible to receive a Subsequent Director Option pursuant to this Section 2(b).

  • The exercise price of each First Director Option and Subsequent Director Option will be equal to 100% of the fair market value of the Common Stock subject to such option (as determined in accordance with the 2011 Plan) on the date such option is granted.

  • To the extent Shares are available for grant under the Plan, each Director who is first elected as a Director subsequent to the Effective Date (a "Subsequent Director") shall be granted, as of the date on which such Subsequent Director is qualified and first begins to serve as a Director, an Option to purchase 6,000 shares, subject to adjustment pursuant to Section 4.3 or to purchase such lesser number of Shares as remain available for grant under the Plan.

  • If a Subsequent Director receives an Option to purchase fewer than 5,000 Shares, subject to adjustment pursuant to Paragraph 10 hereof, and additional Shares subsequently become available under the Plan, an Option to purchase such Shares shall first be allocated as of the date of availability to any Subsequent Director who has not previously been granted an Option.

  • On January 3rd of each year subsequent to a Subsequent Director's becoming a Non- Employee Director, each Subsequent Director shall be granted automatically an option to purchase a number of Shares determined below.

  • If a Subsequent Director receives an Option to purchase fewer than 6,000 Shares, subject to adjustment pursuant to Section 4.3 hereof, and additional Shares subsequently become available under the Plan, an Option to purchase such Shares shall first be allocated as of the date of availability to any Subsequent Director who has not previously been granted an Option.

  • Each Subsequent Director shall, at the time such director becomes a Non-Employee Director, be granted automatically an option to purchase 300 Shares.

  • On the date of each annual meeting of stockholders of the Company subsequent to a Subsequent Director's becoming a Non-Employee Director, each continuing Subsequent Director shall be granted automatically, without action by the Committee, an Option to purchase 3,000 shares of Common Stock, unless such Non-Employee Director received a grant pursuant to paragraph (c) above by reason of being elected a Non-Employee Director at such annual meeting.

  • To the extent Shares are available for grant under the Plan, each Director who is first elected as a Director subsequent to the Effective Date (a "Subsequent Director") shall be granted, as of the date on which such Subsequent Director is qualified and first begins to serve as a Director, an Option to purchase 5,000 Shares, subject to adjustment pursuant to Paragraph 10, or to purchase such lesser number of Shares as remain available for grant under the Plan.


More Definitions of Subsequent Director

Subsequent Director means a Non-Employee Director of TruePosition who becomes a member of the Board (or with respect to directors who are also employees of the Company, a director who becomes a Non-Employee Director) subsequent to approval of the Plan by the Stockholder(s) of TruePosition.
Sample 1
Subsequent Director means a Non-Employee Director of V3 who becomes a member of the Board (or with respect to directors who are also employees of the Company, a director who
Sample 1

Related to Subsequent Director

  • Management Director means a Person selected in accordance with Article IV of this Agreement who shall have the powers and duties to manage the business and affairs of the Company and exercise its powers to the extent set forth in this Agreement, the Certificate and the Act. Each Management Director shall be a “manager” of the Company within the meaning of the Act.

  • shadow director means, in relation to a company, any person in accordance with whose directions or instructions the directors of the company are accustomed to act, but the person is not deemed to be a shadow director by reason only that the directors act on advice given by that person in a professional capacity; and

  • Investor Director means any Director designated or nominated for election to the Board by the Investor Shareholders pursuant to Section 2.1 of this Agreement.

  • Independent Director means a director referred to in Section 149 (6) of the Companies Act, 2013.

  • New Director means an individual whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds of the directors then still in office who either were directors at the Date of Grant or whose election or nomination for election was previously so approved or recommended. However, “New Director” shall not include a director whose initial assumption of office is in connection with an actual or threatened election contest, including but not limited to a consent solicitation relating to the election of directors of the Company.

  • Designated Director means a person designated by the RE to ensure overall compliance with the obligations imposed under chapter IV of the PML Act and the Rules and shall include:

  • Investor Designee means an individual nominated by the Board as a “Investor Designee” for election to the Board pursuant to Section 5.10(a), Section 5.10(d) or Section 5.10(e) of the Investment Agreement.

  • Elected Director means a person elected as an elected director in accordance with these bylaws or elected or appointed as a replacement director for an elected director;

  • relevant director means any director or former director of the company or an associated company;

  • Qualified Director means a person who, at the time action is to be taken under:

  • Sponsor Director means an individual elected to the Board that has been nominated by the Sponsor pursuant to this Agreement.

  • Incumbent Director means a director who either (i) is a member of the Board as of the Effective Date or (ii) is elected, or nominated for election, to the Board with the affirmative votes of at least a majority of the Incumbent Directors at the time of such election or nomination (but excluding a director who was elected or nominated in connection with an actual or threatened proxy contest relating to the election of directors of the Company).

  • Non-Management Director means any Person selected in accordance with Article IV of this Agreement who is not a Management Director.

  • Series B Director means any director of the Company that the holders of record of the Series B Preferred Stock are entitled to elect pursuant to the Company’s Certificate of Incorporation.

  • Parent Directors means the Directors elected or appointed pursuant to Articles 53 – 56 inclusive;

  • Public Director means a Person that meets the qualifications described in Rule 207(e).

  • Preferred Director means any director of the Company that the holders of record of the Preferred Stock are entitled to elect pursuant to the Company’s Certificate of Incorporation.

  • Employee Director means a member of the Board of Directors of the Company that is also an Employee of the Company.

  • Qualifying Director means a Person who is, with respect to actions intended to obtain an exemption from Section 16(b) of the Exchange Act pursuant to Rule 16b-3 under the Exchange Act, a “non-employee director” within the meaning of Rule 16b-3 under the Exchange Act.

  • Whole-time Director means Whole-time Director as defined in Section 2(94) of the Act.

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

  • Alternate Director means a person elected or appointed to serve, as the occasion requires, as a member of the board of a company in substitution for a particular elected or appointed director of that company;

  • Director means a member of the Board.

  • Independent Director/Trustee means any; (i) director or trustee of an Invesco Mutual Fund who is not an “interested person” (as defined in Section 2(a)(19) of the Investment Company Act) of an Invesco Mutual Fund; (ii) director or trustee of an Invesco ETP who is not an “interested person” (as defined in Section 2(a)(19) of the Investment Company Act) of an Invesco ETP; or (iii) member of the Invesco Canada Independent Review Committee, Invesco Canada Funds Advisory Board or Board of Directors of Invesco Corporate Class Inc. who has no other executive responsibilities or engagement in an Invesco Canada Fund or Invesco NA’s day-to-day activities beyond the scope of their duties as director/trustee.

  • Inside Director means a Director who is an Employee.

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