Examples of WP Director in a sentence
If at any meeting of the Board, due to absence of the WP Director or the Sequoia Director, a quorum is not present within one hour of the time appointed for a meeting or ceases to be present at any time during the meeting, the meeting shall stand adjourned to the same place and time at least seven days after the original date set for such meeting of the Board.
If at the second reconvened meeting, due to the absence of the WP Director or the Sequoia Director, a quorum is not present within one hour of the time appointed for the meeting, the presence of a majority of the Directors shall constitute a quorum.
In lieu of any fractional shares to which the holder would otherwise be entitled, the Company shall at the discretion of the Board either (i) pay cash equal to such fraction multiplied by the fair market value for Series A Preferred Share as determined and approved by the Board (so long as such approval includes the approval of the WP Director), or (ii) issue one whole Ordinary Share for each fractional share to which the holder would otherwise be entitled.
If at the reconvened meeting after such adjournment, due to absence of the WP Director or the Sequoia Director, a quorum is not present within one hour of the time appointed for the meeting, the meeting shall stand adjourned to the same place and time at least five days after the original date set for such reconvened meeting.
A quorum of the Board shall consist of at least a majority of the Board who shall include the WP Director and the Sequoia Director for so long as WP and Sequoia (as the case may be) has the right to appoint a Director.
If at the reconvened meeting after such adjournment, due to absence of the WP Director or the Sequoia Director, a quorum is not present within one hour of the time appointed for the meeting, the meeting shall stand adjourned to the same place and time at least seven days after the original date set for such reconvened meeting.
The Company shall see to it that the WP Director Designee (or its replacement as appointed from time to time) is appointed by the board and, nominated and named in any proxy or information statement, or any other written consent or action of shareholders taken, as may be necessary from time to time, so as to ensure such person’s nomination to the Board.
The Company shall, as promptly as practicable and in any event prior to the appointment of the WP Director, purchase, and thereafter shall maintain, directors’ and officers’ insurance on terms with sufficient coverage as reasonably determined by the Company, in relation to any person who is or was a director, against any liability asserted against the person and incurred by the person in that capacity, including the WP Director.
For so long as SVF holds no less than three percent (3%) of the total outstanding share capital of the Company (calculated on a fully diluted and as-converted to the Ordinary Share basis), SVF shall be entitled to designate, appoint or remove one (1) Director (the “SVF Director”, together with Shunwei Director, WP Director, Huasheng Director and Genesis Director, collectively the “Preferred Directors”, and each, a “Preferred Director”).
Any matters listed in Article8.4(B)(1)(a) through Article8.4(B)(1)(o) (collectively, the “ WP Director Veto Matters”) shall be approved by the Board including the affirmative vote of WP Director.