Supermajority Board Approval definition

Supermajority Board Approval shall have the meaning set forth in Section 3.2(b).

Supermajority Board Approval means the affirmative Vote of at least two-thirds of the members of the Board of Directors, as in effect on the Vote Date.

Supermajority Board Approval means the affirmative vote of a majority of ---------------------------- the authorized number of directors including the affirmative vote of any two directors who are Founders Designated Directors, the Odyssey Designated Director or the Chief Executive Officer.

Examples of Supermajority Board Approval in a sentence

• With respect to any matter or action that requires the affirmative vote or approval of Shareholders, MDZ shall vote its Shares in the same manner as NewCo elects to vote its Shares, except for any matter that requires, but does not obtain, a Supermajority Board Approval or a Consensus Board Approval and except as may otherwise be required by law.

• Until the earlier of an Initial Public Offering or ------------------ the Founders Divestiture Date, Holdings and IWO shall not, without Supermajority Board Approval, engage, or permit any of its subsidiaries to engage, in any business other than the telecommunications business and the businesses related thereto, including without limitation, the businesses described in or contemplated by the Confidential and Proprietary Information Memorandum of IWO dated August 1999.

• The Business Plan may be amended or modified by the Board of Directors by Supermajority Board Approval.

• Notwithstanding the foregoing, with respect to a vacancy of the Independent Director, an individual may be appointed to fill such vacancy by Supermajority Board Approval, subject to the proviso contained in Section 2.08(a) of this Agreement.

• The Independent Director may only be removed from the Board by Supermajority Board Approval or for Cause by Majority Board Approval.

More Definitions of Supermajority Board Approval

Supermajority Board Approval means (i) the approval of at least 75% of the total number of members of the Board or (ii) the unanimous written consent of the Board.

Supermajority Board Approval means the affirmative vote of 75% or more of the members of Company's Board of Directors; provided that, during the Interim Period or at any time that Purchaser Beneficially Owns more than 25% of the Total Current Voting Power of the Company and, notwithstanding that Purchaser voted all shares Beneficially Owned by Purchaser in the most recent election of members of the Board of Directors of the Company for all of the designees of Purchaser to the Board of Directors of the Company (which number of designees was the maximum number Purchaser was entitled to designate pursuant to the provisions of Section 3.2(b)), the number of Purchaser Directors is fewer than the number Purchaser is entitled to designate pursuant to the provisions of Section 3.2(b), a Supermajority Board Approval shall not be deemed to have been obtained unless the written consent of Purchaser shall have been obtained with respect to the Event Requiring Supermajority Board Approval.

Supermajority Board Approval means the approval of six (6) of nine directors (or 2/3 of the directors if there is a change in the size of the Board). Any transfers not made in compliance with this Section 6 shall be null and void ab initio, shall not be recorded on the books of the Company or its transfer agent and shall not be recognized by the Company. Notwithstanding any of the foregoing, other than in connection with an Exempt Transfer or the Second Sale (as defined in the Side Letter) these transfer restrictions shall no longer be in effect in the event any Institutional Investor sells any Equity Securities outside of an Approved Liquidity Event.

Supermajority Board Approval means the affirmative vote or written consent of two thirds (2/3) of the directors of the Company rounded down to the nearest whole number, and including the affirmative vote or written consent of at least one Disinterested Director, duly obtained in accordance with the applicable provisions of the Company’s bylaws and applicable law.

Supermajority Board Approval means the approval of at least five directors of the Corporation, except: (i) if fewer than five directors are entitled to vote on a matter, the unanimous approval of the directors entitled to vote on such matter is required, and (ii) if more than seven directors are entitled to vote on a matter, the approval of at least 75% of the directors is required.

Supermajority Board Approval means the affirmative vote of a majority of the authorized number of directors of the Board.

Supermajority Board Approval means (i) the approval of at least 75% of the total number of members of the Source Board or (ii) the unanimous written consent of the Source Board.