Approval of the Board definition

Approval of the Board or "APPROVED BY THE BOARD" means the approval of a majority of the then elected and qualified Managers on the Board. For purposes of taking any action or voting on any matter coming before the Board, each Manager shall have one vote.
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Approval of the Board or “Board acting by Approval” and any grammatical variation thereof, shall mean consent, approval or vote of a majority of the Managers then in office at a meeting at which a quorum is present as defined in Section 7.2(h).
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Approval of the Board or “Approved by the Board” means the vote, consent or approval of not less than a majority of the members of the Board of Directors.
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Examples of Approval of the Board in a sentence

  • Approval of the Board for a licensee to carry on business pursuant to a franchising agreement may be subject to such conditions as the Board sees fit to impose, and where those conditions are not complied with each party to the agreement commits an offence.

  • Limits on acquisition of SARs via assignment Approval of the Board of Directors of the Company shall be required for the acquisition of SARs via assignment.

  • Approval of the Board for acquisition, directly or indirectly, of control of a company, or entering into agreement for this purpose.

  • Approval of the Board of Directors of the Company As per the provisions of Section 188 of the Act, all kinds of transactions specified under the said Section and which are not in the ordinary course of business and at arm’s length basis, are placed before the Board for its approval.

  • Approval of the Board for appointment or discontinuation of Share Transfer Agents.

  • Unless otherwise provided for herein, Approval of the Board shall be necessary to conduct the business of the Company.

  • Approval of the Board of Finance is required pursuant to NRS 319.270(4).

  • Approval of the Board will not be required for updating the List of events as given in annexure, if required to comply with the Listing Regulations 2015.

  • Approval of the Board of Directors as mentioned may be granted generally or for a specific matter.

  • Approval of the Board of Directors of the Bank is required as a condition for receiving a reduced early retirement benefit.


More Definitions of Approval of the Board

Approval of the Board or “Approved by the Board” means the affirmative approval of a Majority of the Managers by voting power, as set forth in Section 5.9.
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Approval of the Board or “Approved by the Board” 2
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Approval of the Board or “Approved by the Board” means the vote, consent or approval of not less than a majority of a quorum of Category A Directors and not less than a majority of a quorum, of the Category B Directors (with the amount constituting a quorum in each such category to be determined from time to time by the directors therein). That is, ail action taken by the Board of Directors shall be accomplished through “block voting”- i.e., all actions of the Board will require the vote, consent or approval of a majority of a quorum of both the Category A Directors (with the amount constituting a quorum of the Category A Directors being determined solely by the Category A Directors) and the Category B Directors (with the amount constituting a quorum of the Category B Directors being determined solely by the Category B Directors) pursuant to Section 12.3. Such vote, consent or approval by both the Category A Directors and Category B Directors shall constitute the action of the Board of Directors.
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Approval of the Board or “Approved by the Board” means the initial approval by the Compensation Committee and, except with respect to certain approvals required by Section 162(m) of the Internal Revenue Code of 1986, as amended (“Section 162(m)”) to be completed solely by the Compensation Committee, the subsequent recommendation by the Compensation Committee to, and approval by, the Board of Directors.
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Related to Approval of the Board

  • Member of the Board means an individual who is a member of the Board or of the board of directors of a Subsidiary or an Affiliate.

  • Sanctions Committee means the Committee of the United Nations Security Council which was established pursuant to paragraph 18 of United Nations Security Council Resolution ("UNSCR") 1737 (2006);

  • Board Approval has the meaning set out in Section 2.2(a)(ii);

  • CFIUS Approval means that any of the following shall have occurred: (a) the review period under the DPA commencing on the date that a CFIUS Notice is accepted by CFIUS shall have expired and Xxx, on the one hand, and Polaris, on the other hand, shall have received written notice from CFIUS to the effect that such review has been concluded and that either the Contemplated Transactions do not constitute a “covered transaction” under the DPA or there are no unresolved national security concerns, and all action under the DPA is concluded with respect to the Contemplated Transactions, (b) an investigation under the DPA shall have been commenced after such review period and CFIUS shall have determined to conclude all action under the DPA without sending a report to the President of the United States, and Xxx, on the one hand, and Polaris, on the other hand, shall have received written notice from CFIUS that either the Contemplated Transactions do not constitute a “covered transaction” under the DPA or there are no unresolved national security concerns, and all action under the DPA is concluded with respect to the Contemplated Transactions, or (c) CFIUS shall have sent a report to the President of the United States requesting the President’s decision and either (i) the President shall have announced a decision not to take any action to suspend or prohibit the Contemplated Transactions or, (ii) the period under the DPA during which the President may announce his decision to take action to suspend, prohibit or place any limitations on the Contemplated Transactions shall have expired without any such action being threatened, announced or taken.

  • Requisite Approval means the affirmative vote of the holders of (a) at least a majority of the outstanding shares of Company Capital Stock, voting together as a single class and (b) at least a majority of the outstanding shares of Series A-1 Preferred Stock, Series B Preferred Stock and Series C Preferred Stock, voting together as a single class on an as-converted basis.

  • IRB approval means the determination of the IRB that the research has been reviewed and may be conducted at an institution within the constraints set forth by the IRB and by other institutional and federal requirements.

  • Authority Board means the board of directors of the state authority appointed under section 16.

  • Pre-approval means written notification via a pre-approval letter to Customer that Ameren Illinois has reviewed Customer's Application and determined that the project meets the program eligibility requirements for a maximum pre-approved incentive amount if the project is completed by the estimated completion date and all final application paperwork is submitted and approved.

  • Medical Board means the North Carolina Medical Board.

  • Board of Studies means the Board of Studies of the University;

  • MUSL Board means the governing body of the MUSL, which is comprised of the chief executive officer of each Party Lottery.

  • Final Approval Hearing means the hearing to be conducted by the Court to determine the fairness, adequacy, and reasonableness of the Settlement pursuant to Federal Rule of Civil Procedure 23 and whether to issue the Final Approval Order and Judgment.

  • Approval or Approved means approval in writing including subsequent written confirmation of previous verbal approval.

  • MAA Approval means approval of an MAA by the applicable Regulatory Authority for marketing and sale of a Product in the Collaborator Territory, but excluding any Pricing and Reimbursement Approval.

  • Nominations Committee means the nominations committee established pursuant to Article 100(k).

  • Appeal Board means the State Charter School Appeal

  • FCC Approval means the FCC’s grant of the FCC Applications; provided that the possibility that an appeal, request for stay, or petition for rehearing or review by a court or administrative agency may be filed with respect to such grant, or that the FCC may reconsider or review such grant on its own authority, shall not prevent such grant from constituting FCC Approval for purposes of the Plan.

  • NDA Approval means the Approval of an NDA by the FDA for a Product in the U.S.

  • Joint Commercialization Committee or “JCC” has the meaning set forth in Section 3.4 (Joint Commercialization Committee).

  • Marketing Approval means all approvals, licenses, registrations or authorizations of the Regulatory Authority in a country, necessary for the manufacture, use, storage, import, marketing and sale of a Product in such country.

  • Approval means the written consent of the Authority.

  • Procurement Committee means a Committee constituted by the Employer to perform the functions as such under the terms and conditions of Contract.

  • Approval of a vehicle means the approval of a vehicle type with regard to braking.

  • CPUC Approval means a final and non-appealable order of the CPUC, without conditions or modifications unacceptable to the Parties, or either of them, which contains the following terms:

  • the Board means the board of directors of the Company;

  • Supervisory Committee means the Comisión Fiscalizadora of the Company.