Board Vacancies definition

Board Vacancies. In the event that there shall be any vacancy on the Board resulting from the resignation, death or incapacity of a director selected hereunder by a Nominating Party or the Board, or if a nominee of a Nominating Party or the Board hereunder fails to stand for election or re-election as director for whatever reason, the Parties shall take whatever reasonable action is within their control to appoint or elect or cause to be appointed or elected to the Board as soon as possible a successor or a nominee, as the case may be, selected by such Nominating Party or the Board, as the case may be.
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Board Vacancies. The vacancy in the office of a director resulting from resignation, dismissal, removal, death, incapacity or otherwise shall be filled by a simple majority vote of the Board, in each case until the next general meeting of the shareholders.
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Examples of Board Vacancies in a sentence

  • Board Vacancies Filled Only by Majority of Directors Then in Office.

  • Board Vacancies May Be Filled by Majority of Directors Then in Office.

  • Abolishment of Job Classifications/Posting No job classification shall be abolished by the Board without discussion between the Union and the Board; Vacancies shall be posted within ninety (90) days.

  • Provided the vacancies have appeared on at least one voluntary transfer list, vacancies which occur after the transfer process pursuant to Article is complete shall be filled by the Board; Vacancies which have not appeared on at least one voluntary transfer list, shall be temporarily filled by the Board for one (I) year.

  • Provided the vacancies have appeared on at least one voluntary transfer list, vacancies which occur after the transfer process pursuant to Article is complete shall be filled by the Board: Vacancies which have not appeared on at least one voluntary transfer shall be temporarily filled by the Board for one year.

  • The parties acknowledge that the Board has appointed the [three]2 individuals designated by the Direct Shareholder under the Purchase Agreement (who meet the qualifications identified in Section 6.3(a)) to fill the Board Vacancies, with each to serve on a different class of the Board, and that at least one of such Shareholder Designees has been appointed to the Board’s audit committee, compensation/management development committee, executive committee, and governance committee.

  • The parties acknowledge that the Board has appointed the three individuals designated by the Direct Shareholder under the Purchase Agreement (who meet the qualifications identified in Section 6.3(a)) to fill the Board Vacancies, with each to serve on a different class of the Board, and that at least one of such Shareholder Designees has been appointed to the Board’s audit committee, compensation/management development committee, executive committee, and governance committee.

  • Our Restated Charter and our Restated Bylaws include a number of provisions that could deter hostile takeovers or delay or prevent changes in control of our management team or changes in our board of directors or our governance or policy, including the following: • Board Vacancies.

  • Board Vacancies: Upon the resignation, removal for cause, death or incapacity of a director, the vacancy resulting from such resignation, removal for cause, death or incapacity shall be filled by the Board, in each until the next annual meeting of the Holders.