Board Nomination Rights definition

Board Nomination Rights means the rights of GB and IS to be nominated by the board of directors of Parent as directors of Parent for each meeting of shareholders of Parent at which directors are being elected until the date that is two (2) years from the Closing Date.
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Board Nomination Rights has the meaning set forth in Section 7.1(b) of this Agreement.
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Board Nomination Rights means the rights of GB and IS to be nominated by the board of directors of Parent as directors of
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Examples of Board Nomination Rights in a sentence

  • You and the members of your group should invite unconnected people you meet at church, your friends, neighbors, co-workers and family to join the group.

  • Corporate Governance 8 2.01 Governing Documents 8 2.02 Board of Directors 9 2.03 Key Man Event 11 2.04 Subsidiaries 12 2.05 Parent Board Nomination Rights 12 2.06 Corporate Opportunities 15 Section 3.

  • Board Nomination Rights...................................................................

  • Board Nomination Rights Any Preferred Shareholder directly holding over 80% of the Preferred Shares (a "Majority Preferred Shareholder") will have the ongoing right to nominate 40% (rounded up or down to the nearest whole number provided that, in no circumstance, shall the Majority Preferred Shareholder be entitled to nominate 50% of more of the directors as a result of any such rounding) of the members of the board of directors.

  • Board Nomination Rights Should Reflect Potential Changes in Shareholder Base When dealing with one or more large shareholders, it is common for these large groups to require the right to nominate directors to the board of the corporation.

  • Concurrent with Closing, GB and IS shall be appointed as directors of the Parent and the Parent shall enter into an agreement with GB and IS in the form attached hereto as Exhibit F providing for the Board Nomination Rights.

  • Board Nomination Rights Agreement, dated as of March 26, 2021, by and between the Company and the Stockholder.

  • Section 2.1 Board of Directors 9 Section 2.2 Board Nomination Rights 9 Section 2.3 Board Committees 10 Section 2.4 Nomination Procedures 11 Section 2.5 Replacement Appointment 12 Section 2.6 Director Compensation.

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Related to Board Nomination Rights

  • New Directors means any director whose election by the Board or whose nomination for election by the Company's stockholders was approved by a vote of at least two-thirds of the directors then still in office who were Present Directors or New Directors.

  • New Director means an individual whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds of the directors then still in office who either were directors at the Date of Grant or whose election or nomination for election was previously so approved or recommended. However, “New Director” shall not include a director whose initial assumption of office is in connection with an actual or threatened election contest, including but not limited to a consent solicitation relating to the election of directors of the Company.

  • Designated Director means a person designated by the RE to ensure overall compliance with the obligations imposed under chapter IV of the PML Act and the Rules and shall include:

  • shadow director means, in relation to a company, any person in accordance with whose directions or instructions the directors of the company are accustomed to act, but the person is not deemed to be a shadow director by reason only that the directors act on advice given by him in a professional capacity; and

  • Series B Director means any director of the Company that the holders of record of the Series B Preferred Stock are entitled to elect, exclusively and as a separate class, pursuant to the Certificate of Incorporation.

  • Investor Directors has the meaning set forth in Section 2(a).

  • Parent Directors means the Directors elected or appointed pursuant to Articles 53 – 56 inclusive;

  • Independent Directors means the members of the Board of Directors who are not officers or employees of the Manager or any Person directly or indirectly controlling or controlled by the Manager, and who are otherwise “independent” in accordance with the NYSE’s corporate governance listing standards (or the rules of any other national securities exchange on which the Common Stock is listed).

  • Nonemployee Director means a Director who is not an Employee.

  • Investor Director means a member of the Board who was elected to the Board as an Investor Director Designee.

  • Independent Director means a director referred to in Section 149 (6) of the Companies Act, 2013.

  • Nomination Committee means the nomination committee of the Board established in accordance with Article 116;

  • Relevant Nominating Body means, in respect of a benchmark or screen rate (as applicable):

  • Lead Director means, at any given time, the lead, independent member (if any) elected as such by the Board and occupying such position.

  • Director Option means an Option granted pursuant to Section 6.

  • Director Award means the grant of any Award (other than an Incentive Stock Option), whether granted singly, in combination, or in tandem, to a Participant who is a Director pursuant to such applicable terms, conditions, and limitations established by the Board.

  • Preferred Directors means the Series A Directors and the Series B Directors.

  • Investor Designee shall have the meaning set forth in Section 5(a).

  • Sponsor Director means an individual elected to the Board that has been nominated by the Sponsor pursuant to this Agreement.

  • Over-Riding Nomination Criteria means the criteria set out in clause 4.2.

  • Series A Directors means the directors of the Company that have been solely designated by the holders of record of the Series A Preferred Stock pursuant to the Certificate of Incorporation, the Stockholders Agreement or otherwise.

  • Employee Director means a member of the Board of Directors of the Company that is also an Employee of the Company.

  • Elected Director means a person elected as an elected director in accordance with these bylaws or elected or appointed as a replacement director for an elected director;

  • Nonemployee Director Award means any Award granted to a Nonemployee Director.

  • Investor Nominee means a person designated for election to the Board of Directors by the Investor pursuant to the Investment Agreement.

  • Preferred Director means any director of the Company that the holders of record of the Preferred Stock are entitled to elect pursuant to the Company’s Certificate of Incorporation.