BOARD OF DIRECTORS 5 Sample Clauses

BOARD OF DIRECTORS 5. Section 1. General Powers 5 Section 2. Number, Tenure and Qualifications 5 Section 3. Classification; Term 6
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BOARD OF DIRECTORS 5. Section 4.1. Class A and Class B Directors 5 Section 4.2. Powers and Number 5 Section 4.3. Board 6 Section 4.4. Designees Error! Bookmark not defined. Section 4.5. Term of Office 6 Section 4.6. Resignations 6 Section 4.7. Replacement of Named Directors 6 Section 4.8. Vacancies 6 Section 4.9. Meetings 6 Section 4.10. Quorum and Voting 7 Section 4.11. Action Without a Meeting 6 Section 4.12. Budget; Certain Contracts 7 Section 4.13. Location of Principal Office 7 Section 4.14. Meeting by Use of Telecommunications 7 Section 4.15. Notice of Meetings; Waiver 7 Section 4.16. Compensation of Directors 7 Section 4.17. Electronic Transmissions 8
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BOARD OF DIRECTORS 5. 01 After Xxxxx members have approved the agreement to combine the cooperatives, Cap Rock shall create a directorate district from the present Xxxxx Service Area (the "Xxxxx District") and shall add one additional position to the Cap Rock Electric Board which shall be filled by a director chosen by the present Xxxxx Board (the "Xxxxx District Director") for a three-year term. Thereafter, the Xxxxx District is expected to remain a distinct district, unless the Cap Rock board finds clear evidence of disproportionate representation for members of the district as compared to membership of the entire Cap Rock system; provided however, that the current "Xxxxx Service Area" will always have at least one representative serving on the Cap Rock Corporate Board of Directors, as is provided in Section 5.06 below. 5.02 The initial Cap Rock Corporate Board member from the Xxxxx Service Area shall be appointed by the current Xxxxx Board. 5.03 Cap Rock shall insure the Xxxxx director an initial term of at least three years before he or she stands for election. 5.04 Her his or her initial appointment to Cap Rock's Board, the additional director, like all other directors of Cap Rock, shall be elected by the members pursuant to the plan of
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Related to BOARD OF DIRECTORS 5

  • Board of Directors The Board of Directors of the Company is comprised of the persons set forth under the heading of the Pricing Prospectus and the Prospectus captioned “Management.” The qualifications of the persons serving as board members and the overall composition of the board comply with the Exchange Act, the Exchange Act Regulations, the Xxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder (the “Xxxxxxxx-Xxxxx Act”) applicable to the Company and the listing rules of the Exchange. At least one member of the Audit Committee of the Board of Directors of the Company qualifies as an “audit committee financial expert,” as such term is defined under Regulation S-K and the listing rules of the Exchange. In addition, at least a majority of the persons serving on the Board of Directors qualify as “independent,” as defined under the listing rules of the Exchange.

  • The Board of Directors AGREES TO—

  • Board of Directors; Officers The Board of Directors and officers of Sub immediately prior to the Effective Time shall be the Board of Directors and officers, respectively, of the Surviving Corporation, until the earlier of their respective resignations or the time that their respective successors are duly elected or appointed and qualified.

  • Parent Board of Directors The Board of Directors of Parent will take all actions necessary such that two members of Company's Board of Directors reasonably acceptable to Parent, at least one of whom is an independent director of the Company's Board of Directors, shall be appointed to Parent's Board of Directors as of the Effective Time with a term expiring at the next annual meeting of Parent's stockholders.

  • Board of Directors Meetings The Company shall use its best efforts to ensure that meetings of its Board of Directors are held at least four times each year and at least once each quarter.

  • Board of Directors or Board The persons holding such office, as of any particular time, under the Articles of Incorporation of the Company, whether they be the Directors named therein or additional or successor Directors.

  • Leave, Board of Directors A nurse who is elected to the Board of Directors of the Ontario Nurses' Association, other than to the office of President, shall be granted upon request such leave(s) of absence as she or he may require to fulfill the duties of the position. Reasonable notice - sufficient to adequately allow the Hospital to minimize disruption of its services shall be given to the Hospital for such leave of absence. Notwithstanding Article 10.04, there shall be no loss of seniority or service for a nurse during such leave of absence. Leave of absence under this provision shall be in addition to the Union leave provided in Article 11.02

  • Board of Directors Approval Seller shall have received the approval of its board of directors to the transactions contemplated by this Agreement.

  • Board of Director Approval This Agreement shall have been approved by the Board of Directors of Acquirer.

  • Meeting of the Board of Directors The Board of Directors of the Company may hold meetings, both regular and special, within or outside the State of Delaware. Regular meetings of the Board may be held without notice at such time and at such place as shall from time to time be determined by the Board. Special meetings of the Board may be called by the President on not less than one day’s notice to each Director by telephone, facsimile, mail, telegram or any other means of communication, and special meetings shall be called by the President or Secretary in like manner and with like notice upon the written request of any one or more of the Directors.

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