Substitute Director definition

Substitute Director means the person in charge of the center during the hours of operation when the director is not on site.

Substitute Director as defined in Section 2.5(c).

Substitute Director has the meaning set forth in Section 3.1(d).

Examples of Substitute Director in a sentence

No meeting of the Board shall be held pending replacement of any Withdrawing Director without the consent of the Shareholder entitled to name the Substitute Director unless such Shareholder shall have failed to name a Substitute Director within 30 days after the removal, withdrawal, death or incapacitation of such Withdrawing Director.
If a Member or Members shall fail to so appoint a Substitute Director in the manner provided above, the seat of such Substitute Director shall remain vacant.
In the event that any director (a "Withdrawing Director") designated in the manner set forth in Section 2.2 or 2.3 is unable to serve, or once having commenced to serve, is removed or withdraws from the Board of Directors, such Withdrawing Director's replacement (the "Substitute Director") on the Board of Directors (and, if applicable, any executive or similar committee thereof) shall be designated in accordance with Section 2.2 or 2.3, as applicable.
The Shareholders and Subordinate Shareholders shall exercise their power in relation to the Company to ensure that such Substitute Director is elected.
No meeting of the Board shall be held pending replacement of any Withdrawing Director without the consent of the Shareholder entitled to name the Substitute Director unless such Shareholder shall have failed to name a Substitute Director within 15 days after the removal, withdrawal, death or incapacitation of such Withdrawing Director.

Substitute Director shall have the meaning provided in Section 5.1(b).

Substitute Director shall have the meaning set forth in Section 9(d).

Substitute Director shall have the meaning set forth in Section 2(b).

Substitute Director has the meaning set forth in Section 2.1(a).

Substitute Director has the meaning set forth in Article 58;

Substitute Director has the meaning set forth in Section 6.2.

Substitute Director has the meaning set forth in Section 2.2(b). ------------------- "Transfer," including the correlative terms "Transferring" or -------- "Transferred", means any direct or indirect, transfer, assignment, sale, gift, pledge, hypothecation or other encumbrance, or any other disposition (whether voluntary or involuntary or by operation of law), of Common Stock or Preferred Stock (or any interest (pecuniary or otherwise) therein or right thereto), including without limitation derivative or similar transactions or arrangements whereby a portion or all of the economic interest in, or risk of loss or opportunity for gain with respect to, Common Stock or Preferred Stock is transferred or shifted to another Person; provided, however, that none of the following shall be deemed a Transfer: (i) an exchange, merger, recapitalization, consolidation or reorganization involving the Corporation in which securities of the Corporation or any other Person are issued in respect of shares of the Common Stock of the Corporation if all shares of Common Stock are treated identically in such transaction, (ii) a conversion of outstanding shares of Preferred Stock into shares of Common Stock, in accordance with the terms thereof and (iii) the exercise of options in accordance with the terms of the Corporation's Stock Option Plan.