Transferred Director definition
Transferred Director means each SpinCo non-employee director as of the Effective Time who served on the Parent Board immediately prior to the Effective Time.
Transferred Director shall have the meaning set forth in Section 4.05(a).
Transferred Director has the meaning set forth in the Employee Matters Agreement.
Examples of Transferred Director in a sentence
With respect to any Transferred Director, SpinCo shall be responsible for the payment of any cash fees for service on the SpinCo Board that are earned at any time after the Effective Time, and Parent shall not have any responsibility for any such payments.
For the avoidance of doubt, with respect to the month in which the Distribution Date occurs, for any Transferred Director, Parent shall be responsible for the payment of the portion of the monthly cash director’s fee that relates to the portion of the month elapsed prior to the Distribution Date, and SpinCo shall be responsible for the payment of the remainder of such monthly cash director’s fee.
More Definitions of Transferred Director
Transferred Director means each Varex non-employee director as of the Effective Time who served as a non-employee director on the Parent Board immediately prior to the Effective Time.
Transferred Director means any nVent non-employee director as of the Effective Time who served on the Pentair Board immediately prior to the Effective Time.
Transferred Director means any Adient non-employee director as of the Effective Time who served on the Xxxxxxx Controls Board immediately prior to the Effective Time.
Transferred Director means any Veoneer non-employee director as of the Effective Time who served on the Autoliv Board immediately prior to the Effective Time.
Transferred Director means each Enhabit nonemployee director as of immediately after the Effective Time who last served on the Encompass Board on May 5, 2022.
Transferred Director means a Parent Nonemployee Director who becomes a CoalCo Nonemployee Director immediately prior to the Effective Time.
Transferred Director or “Former nVent Group Employee” (each as defined in the Employee Matters Agreement).