Board Organization definition

Board Organization means any organization which is subject to the control or direction of any Board which is a Subscriber or by two or more Boards of which 50% or more are Subscribers and which has objectives and operations which are for the advancement or support of education or the operations of a Board or Boards. For the purposes of this clause 1(c), a Board Organization is subject to the control or direction of any Board or of two or more Boards if (i) in the case of a body corporate with share capital, (A) securities of the body corporate to which are attached more than 50% of the votes that may be cast to elect directors of the body corporate are held directly or indirectly by or for the benefit of any one or more Boards, and (B) the votes attached to those securities are sufficient, if exercised, to elect a majority of the directors of such body corporate; (ii) in the case of a body corporate without share capital, (A) any one or more Boards or their respective representatives or nominees hold membership with voting rights which, if exercised, are sufficient to elect a majority of the directors of such body corporate, or (B) any one or more Boards or their respective representatives or nominees are by the terms of the incorporation of the body corporate or otherwise entitled to nominate directors or have ex officio directors which constitute a majority of the directors of such body corporate; and (iii) in the case of any other organization, a majority of the directors, trustees, management or executive committee, governors or other body or group responsible for management or supervision of the organization are nominees or representatives of or are elected or appointed by any one or more Boards.
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Board Organization means the corporation, partnership, limited liability company, association, trust or other entity or organization (including Councils) that a Director is employed by (or otherwise directly affiliated with or appointed by) at the time of such Director’s nomination, appointment, or election to the Board of Directors.
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Examples of Board Organization in a sentence

  • It is understood that no Organization views on matters relating to administrative-teacher or Board- Organization relationship will be discussed in the presence of students.

  • Employer’s Negotiator President, Tri-County Classroom Teachers President, Tri-County School Board Organization *The number of positions listed was not bargained and is for informational purposes only.

  • To become a Subscriber to the Exchange and one of the Parties to this Agreement, a Board or Board Organization must complete and execute a Form of Subscription (Appendix “A”) in duplicate under a seal and send or deliver the executed forms to the Exchange.

  • Further, upon obtaining clearance by School Board, Organization shall obtain a Florida Public Schools Contractor badge, which shall be worn by the individual at all times while on School Board property when students are present.

  • Membership in the Exchange shall be open to any Board Organization, which has received the prior approval of the Board of Directors, subject to compliance with the terms of this Agreement.

  • In the event that a Board or Board Organization ceases to participate in the exchange of contracts of insurance within an Underwriting Group or within the Exchange, it shall continue to be liable for any Assessment(s) arising during or after such ceased participation in respect of claims arising prior to the effective date of its termination of membership in the Underwriting Group or in the Exchange, unless satisfactory arrangements are made with the Board of Directors to buy out such liability.