Board of Directors Composition definition

Board of Directors Composition. On the Fourth Amendment Date, the authorized number of directors shall be one (1). The authorized number of directors may not be increased or decreased without the consent of the holders of a majority of the shares of Convertible Preferred Stock. The holders of a majority of the shares of Convertible Preferred Stock, acting in their sole discretion, may require the Company to increase the total number of authorized directors at any time following the Fourth Amendment Date, up to a maximum of seven (7) directors. Subject to the limitation in the following sentence, any newly created directorships shall be designated by the holders of a majority of the shares of Convertible Preferred Stock, acting in their sole discretion, to be filled by either: (i) an outside director with significant industry experience, who is reasonably acceptable to the holders of a majority of the Convertible Preferred Stock, to be elected by the holders of the Company's Common Stock (which may, subject to applicable law, the Charter or the Bylaws, be filled initially by vote of the remaining director(s)) (a "COMMON DIRECTORSHIP"); or (ii) a director to be designated by the holders of a majority of the Convertible Preferred Stock (a "PREFERRED DIRECTORSHIP"). Notwithstanding the foregoing, no more than four (4) directorships shall be designated as Preferred Directorships, no more than two (2) directorships shall be designated as Common Directorships, and one (1) director shall be the chief executive officer of the Company."

Examples of Board of Directors Composition in a sentence

• Board of Directors Composition of the Board:The Company has an optimum combination of Executive and Non-Executive Directors.

• Board of Directors Composition of the Board of Directors The Board of Directors consists of Non-Executive Directors that are selected for a renewable term of one year.

• Board of Directors Composition of the BoardAs on 31st March, 2020 PESL Board consists of One Executive Director, Two Non-Executive Non- Independent Director and Two Non-Executive Independent Directors (Woman Independent Director had resigned w.e.f 10.02.2020).

• Board of Directors Composition of the BoardThe composition of Board of Directors is in compliance with provisions of Listing Agreement with the Stock Exchange and the Companies Act, 2013.

• Board of Directors Composition of the Board The Articles of incorporation and Bylaws of the Corporation provide that its Board be comprised of a minimum of three directors and a maximum of ten directors.

• Board members will be appointed in accordance with this Article and after consideration of any nominations offered by the Board or Executive Director.III.3 Board of Directors Composition: The members of the Board will include, but are not limited to, individuals as described below.

• Board of Directors: Composition: The Board of Directors has an optimum combination of Executive and Non-Executive Directors and its composition is in conformity with Clause 49 of the Listing Agreement entered into with the Stock Exchanges.

• Board of Directors Composition of the BoardAt the date of this statement, the Board comprises three Non-Executive Directors, all of whom are independent, an Executive Chairman and a Chief Executive Officer.

• Board of Directors Composition • As outlined in the proposal: Principal Investigator (Xxxxxxxxxx), 6 CMA leaders (Xxx, Xxxxxxxxx, Xxxxxxxx, Walks, Rose, Grant), 3 Partners (FCM, UWT, plus one other), 3 Activity / Theme Leaders (Xxxxxx, Xxxxxxxxx, Xxxxxxx) • There is no term; board members serve until they choose not to.

• Poland, Application 27617/04, May 26, 2011, paragraph 188; Also, see IACHR, Access to Information on Reproductive Health from a Human Rights Perspective, November 22, 2011, paragraph 61.