Examples of Target Director in a sentence
As with Bolebridge, the existing boundaries follow strong, physical features and the proposed alterations seek to maintain this whilst achieving balance within the geographical context.
Without prejudice to the foregoing, each Investor shall use its best efforts to procure that each Target Director designated by such Investor pursuant to Section 3.2 or Section 3.3 shall, subject to any fiduciary duties of such Target Director to the Company, vote and take all other action necessary or required to implement the provisions of this Agreement.
Bidder acknowledges that without derogating from a party’s rights under clause 13, if any of the events in clauses 7.2(a)(i) or 7.2(a)(ii) occur, then any Independent Target Director may change, withdraw or modify their Recommendation.
No Target Director shall be entitled to any remuneration for serving in such capacity except for: (a) reimbursement of reasonable out-of-pocket expenses in connection with the performance of his or her duties as Target Director, (b) if such Target Director is otherwise an employee of or consultant to the Target, remuneration received in such capacity, (c) payment of customary director fees to independent Target Directors or (d) any benefit under any Employee Incentive Program.
Without limiting the foregoing, the Company shall cause the Target to pay all reasonable, documented and out-of-pocket expenses incurred by each Target Director or director of any Subsidiary of the Target in connection with attending any meeting of the Target Board or any committee thereof, or any meeting of the board of directors or other equivalent governing body of any Subsidiary of the Target or any committee thereof.
A Target Director so participating at a meeting (and not a Target Director who has attended such meeting solely for the purpose of objecting to notice or to non-compliance with any other applicable procedural requirements of such meeting) shall conclusively be presumed to have been present and formed part of the quorum at all times during the meeting.
At the Effective Time, all then outstanding options to purchase Target Common Stock issued under Target's 1996 Outside Directors Stock Option Plan (the "Target Director Option Plan") will terminate in accordance with the terms of the Director Option Plan.
Take an alternative assessment approved by the1416 1417141814191420142114221423 14241425 1426142714281429143014311432 1433 department under section 3313.619 of the Revised Code.
Without limiting clause 11, if circumstances arise which may lead to one or more Target Directors changing, withdrawing or modifying his or her Recommendation as permitted under this Deed or if the Target receives notice from a Target Director that he or she proposes to withdraw, change or modify his or her Recommendation to vote in favour of the Scheme the Target must promptly notify the Bidder in writing.
Subject to the Scheme becoming Effective, Target undertakes that it will in respect of all Target Directors prepay directors and officers insurance for a period of seven (7) years from the retirement date of each Target Director and for the benefit of each Target Director on commercially reasonable terms which are terms acceptable to the Bidder acting reasonably.