D Director definition
Examples of D Director in a sentence
In the event Sequoia does not hold at least 1,000,000 shares of the Company’s Preferred Stock (as adjusted from time to time to reflect any stock split, stock dividend, reverse stock split or similar event affecting the Preferred Stock), then, in lieu of Sequoia, the holders of at least a majority of the outstanding shares of the Series D Stock, voting as a separate class, shall be entitled to designate one (1) person as the Series D Director.
Each Director shall be entitled to one (1) vote as to any matter for which such Director is entitled to vote under this Agreement or the Act; provided, however, that any Class A, Class B, or Class D Member who is entitled to appoint more than one Class A, Class B or Class D Director may elect in writing to authorize one or more Directors appointed by such Member to exercise the total number of votes to which Directors appointed by that Member would be entitled.
Primavera shall be entitled to appoint one (1) director to the board of directors of Shenzhen Xunlei for so long as Primavera is entitled to appoint the Series D Director.
The Founder shall procure that between the date of this Agreement and Closing each member of the Company Group shall carry on its business, as carried on as at the date of this Agreement, in the normal course and shall not do anything which would require the consent or approval of the Investor or a Series D Director under the Amended ▇▇▇ (assuming the Amended ▇▇▇ had already been executed).
The holders of record of Series D Preferred Stock voting together as a separate class shall elect one (1) director (the “Series D Director”), which Series D Director shall be designated for nomination by ICICI Venture Funds Management Company Limited and/or its Affiliates (“ICICI”) for so long as ICICI continues to own, in the aggregate, at least fifty percent (50%) of the Series D Preferred Stock originally purchased by them from the Corporation under the Series D Purchase Agreement.
Upon the request of any Series D Preferred stockholder or group of Series D Preferred stockholders entitled to appoint a director to the Board pursuant to that certain Third Amended and Restated Voting Agreement dated of even date herewith (the “Series D Directors”), each committee of the Board shall contain at least one Series D Director.
In the event ICICI owns less than fifty percent (50%) of the Series D Preferred Stock originally purchased by them from the Corporation under the Series D Purchase Agreement, the holders of Series D Preferred Stock voting together as a separate class shall have the right to elect the Series D Director, who shall be designated for nomination by the holders of record of a majority of the shares of Series D Preferred Stock then outstanding.
At least one Series D Director (as defined in the Certificate) shall have the right to serve on the Board’s Audit Committee, Nominating and Governance Committee, and Compensation Committee and any other committee established by the Board.
A Class A, Class B, Class C, or Class D Director appointed by an Appointing Person under this paragraph (b) shall serve at the pleasure of the Appointing Person or the other members of his or her respective class of directors, as applicable below, until a successor is appointed, or until the earlier death, resignation, or removal of such Director.
At any meeting held for the purpose of electing or nominating directors, the presence in person or by proxy of the holders of a majority of the Series D Preferred Stock then outstanding shall constitute a quorum of the Series D Preferred Stock for the election or nomination of the Series D Director.