Examples of Affiliated Directors in a sentence
The personal trading restrictions of Appendix A of the Code do not apply to any Affiliated Director or Outside Director, provided that at the time of the transaction, he or she has no actual knowledge that the Security involved is “Being Considered for Purchase or Sale.” Affiliated Directors and Outside Directors, however, are subject to reporting requirements as described in Section 8 below.
The Directors shall be entitled to receive such reasonable compensation for their services as Directors as may be calculated and determined by the Chairman or by the Directors from time to time by resolution of the Directors; provided, however, that Affiliated Directors shall not receive compensation from the Company for their services as Directors or officers of the Company.
The Affiliated Directors shall nominate persons to be elected as Affiliated Directors; provided however, that if there are no Affiliated Directors such Affiliated Directors shall be nominated by the Directors.
The Directors who are the chair and vice chair of the Member Representatives Committee will be collectively referred to herein as “Affiliated Directors.” Each Director, including the Affiliated Directors and excluding the non-voting members of the Board, shall have one (1) vote on any matter brought before the Board for a vote.
In the event that AllianceBernstein already maintains a record of the required information via duplicate copies of broker trade confirmations and account statements received from the Affiliated Director's broker-dealer(s), the Affiliated Director may satisfy this requirement by (i) confirming in writing (which may include e-mail) the accuracy of the record on at least an annual basis and (ii) recording the date of the confirmation.