Alternative Nominee definition

Alternative Nominee means a person designated by policy holder as the recipient of the benefits of the claims of the APGLI policies in terms of these rules, in the event of the nominees’ demise;
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Examples of Alternative Nominee in a sentence

  • Upon his election to the Board of Directors, ▇▇▇▇▇▇ or the Wynnefield Alternative Nominee shall be appointed to the Nominating/Corporate Governance Committee of the Board of Directors, in which capacity he or the Wynnefield Alternative Nominee shall serve at all times prior to the Termination Date.

  • Provided, however, that neither ▇▇▇▇▇ nor ▇▇▇▇▇▇ nor the Wynnefield Alternative Nominee nor the North Star Alternative Nominee shall be appointed to any committee of the Board of Directors if counsel to the Company advises the Board of Directors that the appointment of such director to any such committee of the Board of Directors would violate applicable law or applicable stock exchange rules or regulations.

  • If the Governance Committee (acting in good faith) does not provide its consent to the Alternative Nominee within fifteen (15) days of the end of the Second Review Period, then the process for the Alternative Nominee contemplated by this Section 2(a)(vi) shall be repeated (mutantis mutandis) until a designee of the Investor Stockholders is appointed as the Investor Director.

  • Within 30 days after the Company's receipt of all Proxy Information relating to the TLC Alternative Nominee, the Board shall consider the qualifications of such TLC Alternative Nominee and, subject to its fiduciary duties, either appoint the TLC Alternative Nominee to serve on the Board until the next election of directors by the Company's stockholders or notify Purchaser that the Board has determined that such appointment would not be consistent with the Board's fiduciary duties.

  • At any time within 90 days after the Company's notifies Purchaser of the Board's determination not to appoint the TLC Initial Nominee, Purchaser may provide the Company with the name of, together with Proxy Information relating to, one or more individuals (the "TLC Alternative Nominee") that Purchaser recommends be appointed to the Board.