Board Size definition

Board Size has the meaning ascribed to such term in Section 2.1(a).

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Board Size has the meaning ascribed to such term in Section 5.7(i).

Board Size means the then-current number of directors of Cenovus plus any unfilled vacancies at such time; (n) "Business Day" means any day on which banks are generally open for the transaction of commercial business in Calgary, Alberta, but does not in any event include a Saturday or Sunday or statutory holiday in Alberta; (o) "Canadian" has the meaning ascribed thereto in the Investment Canada Act; (p) "CBCA" means the Canada Business Corporations Act and the regulations thereunder, as amended, restated or modified from time to time; (q) "Change of Control Transaction" has the meaning ascribed thereto in Section 3.4; (r) "Combination Transaction" means any take-over bid for the voting or equity securities of Cenovus or any acquisition of all or substantially all of the assets of Cenovus and its Subsidiaries on a consolidated basis, or any arrangement, amalgamation, merger or other similar business combination transaction involving Cenovus; (s) "Common Shares" means the common shares in the capital of Cenovus and includes any shares of Cenovus into which such common shares may be converted, reclassified, subdivided, consolidated, exchanged or otherwise changed, whether pursuant to a reorganization, amalgamation, merger, arrangement or other form of reorganization; (t) "Continuing Designees" has the meaning ascribed thereto in Section 2.1; (u) "Control" means as follows: a Person (first Person) is considered to Control another Person (second Person) if: (i) the first Person beneficially owns, or controls or directs, securities of the second Person carrying votes which, if exercised, would entitle the first Person to elect a majority of the directors (or the equivalent) of the second Person; (ii) the second Person is a partnership, other than a limited partnership, and the first Person directly or indirectly holds more than 50% of the interests of the partnership; or (iii) the second Person is a limited partnership and the first Person is the general partner of the limited partnership; (v) "Designated Number" means: (i) prior to the close of the Initial AGM, four (4); and (ii) following the close of the Initial AGM, the Proportionate Director Number: (w) "Effective Date" shall have the meaning ascribed thereto in the Plan of Arrangement; (x) "Effective Time" shall have the meaning ascribed thereto in the Plan of Arrangement;

Examples of Board Size in a sentence

• So long as the CBG Group continues to hold at least the Target Number of Shares, the Board shall not (i) propose or resolve to change the Board Size, except where otherwise required by Applicable Law, as provided in Section 2.1(h), or with the consent of the Holder, or (ii) present a slate of Company Nominees to the shareholders of the Company for election to the Board that is greater than or fewer than the Board Size.

• Notwithstanding Section 2.1(a), if the Company is prevented by the Act from filling a vacancy with a CBG Nominee in accordance with the foregoing sentence, the Board shall, to the maximum extent permitted by the Act, promptly resolve to increase the Board Size until the next meeting of shareholders and appoint such replacement CBG Nominee(s) to the Board.

• The Board of Managers may, by a resolution, change the number of seats constituting the Whole Board to any number of seats within the Variable Board Size.

• The parties agree that the Merger shall not be conditioned upon approval of the Board Size Amendment, and if such approval is not obtained at the FBS Meeting, the FBS Certificate as amended at the Effective Time, shall not include the Board Size Amendment.

• Following the Initial Closing (as defined in the Series F Purchase Agreement), the Board of Directors, the Investors, the holders of the then outstanding shares of Common Stock, the then serving Chief Executive Officer, and the then serving Chief Financial Officer shall collectively use their commercially reasonable efforts to achieve the IPO Board Size.

• Parent, through the Parent Board, shall take all necessary action to nominate, subject to the approval of the Parent Board Size Charter Amendment or the existence of a vacancy on Parent’s Board, the Second Company Director for election to the Parent Board in the Post-Closing Proxy Statement.

• Notwithstanding anything to the contrary set forth in Section 2.1(a), if the Company is prevented by applicable Law from filling a vacancy with an Altria Nominee in accordance with the foregoing sentence of this Section 2.1(i), the Company Board shall, to the maximum extent permitted by applicable Law, promptly resolve to increase the Board Size until the next meeting of the Company Shareholders and appoint such replacement Altria Nominee(s) to the Company Board.

• Section 3.1 Board, Size & Qualifications The Board of Directors shall consist of nine members.

• The Board of Managers may, by a resolution of the Board of Managers, change the number of seats constituting the Whole Board to any number of seats within the Variable Board Size.

• If the Board Size Charter Amendment is not duly approved by the holders of Parent Shares at a stockholders’ meeting duly called and held for such purpose, at the Effective Time Parent shall cause a sufficient number of members of Parent’s board of directors to resign as directors of Parent so as to allow all of the New Parent Directors to be appointed to Parent’s board of directors.

More Definitions of Board Size

Board Size means the number of directors on the Board as determined pursuant to Section 3.1.5.

Board Size means the then-current number of directors of Cenovus plus any unfilled vacancies at such time;

Board Size has the meaning given to it in Section 4.1(a)(i);

Board Size has the meaning given to such term in Section 2.1(a). “Board Observer” has the meaning given to such term in Section 2.1(i). “BSM” has the meaning given to such term in the Preamble.