Board Determination definition

Board Determination shall have the meaning set forth in Section 3(b) of the Employment Agreement.

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Board Determination means a determination by the Board (which is evidenced by one or more written resolutions to such effect)

Board Determination means a determination by the Board (which is evidenced by one or more written resolutions to such effect) (i) to terminate the Executive's employment during the Employment Period based upon the Board's dissatisfaction with the manner in which the Executive has performed his obligations and duties under Section 3 and (ii) that Cause does not exist as a basis for such termination.

Examples of Board Determination in a sentence

• If Executive does not deliver a notice to the Board in such ten-day period disagreeing with the Board Determination, the Board Determination shall be final and binding on Executive.

• Should the Third Party Determination differ from the Board Determination by ten percent or more, the Company shall bear such costs.

• If the Executive’s employment is terminated by the Company pursuant to a Board Determination during the Employment Period, the Executive shall be entitled to receive the benefits specified in Sections 4(a)(i) and 4(a)(ii) of this Agreement.

• If the Third Party Determination differs from the Board Determination by ten percent (10%) or more, then the Company shall bear such costs.

• If the Third Party Determination is within ten percent of the Board Determination, then the Optionee shall bear the costs incurred in obtaining the Third Party Determination.

More Definitions of Board Determination

Board Determination means a determination by the Board (which is evidenced by one or more written resolutions to such effect) (i) to terminate the Executive’s employment during the Employment Period based upon the Board’s dissatisfaction with the manner in which the Executive has performed his obligations and duties under Section 2(a) and (ii) that Good Cause does not exist as a basis for such termination. Notwithstanding the foregoing, no act or omission shall constitute or be the basis for a termination based upon a Board Determination unless the Board provides the Executive (a) written notice of its intention to terminate Executive’s employment pursuant to a Board Determination, and (b) an opportunity, within 30 days following the Executive’s receipt of such notice, to meet in person with the Board to explain or defend his performance to the Board.

Board Determination. The Board will have the power to conclusively determine if an Event of Default has occurred, including whether there has been a material breach of this agreement. The Board will be entitled to take advice from appropriately qualified professionals in reaching its determination.

Board Determination shall have the meaning set forth in Section 3.2(c) hereof.

Board Determination has the meaning set forth in Section 7.2(c).

Board Determination or similar expressions mean the Majority Vote of the Board, acting in its sole and absolute discretion, except as otherwise required by Law or any of the Company’s Organizational Documents.

Board Determination means the determination made by the board of directors of the Issuer prior the issue of the Preference Shares to determine the associated preferences, rights, limitations or other terms of the Preference Shares in addition to these Conditions;

Board Determination or similar expressions mean the Requisite Director Vote