Eligible Directors definition

Eligible Directors means, with respect to a Regulated Fund and a Potential Co-Investment Transaction, the members of the Regulated Fund’s Board eligible to vote on that Potential Co-Investment Transaction under Section 57(o) of the Act (treating any registered investment company or series thereof as a BDC for this purpose).

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Eligible Directors means, with respect to a Regulated Fund and a Potential Co-Investment Transaction, the members of the Regulated Fund’s Board eligible to vote on that Potential Co-Investment Transaction under Section 57(o) of the Act.

Eligible Directors means the directors of the Company or any Designated Affiliate who are, as such, eligible for participation in this Plan.

Examples of Eligible Directors in a sentence

• The Plan was originally effective with respect to certain fees payable to Eligible Directors on or after June 30, 1998.

• The purpose of the Plan is to assist Nortel Limited in attracting and retaining individuals with experience and ability to serve as members of the Board and to promote a greater alignment of interests between Eligible Directors and the shareholders of Nortel Corporation.

• On May 29, 2003, the Board approved an amendment to the Plan, effective immediately, to permit Eligible Directors to elect to receive between 0 — 100% of all fees payable to such member for services as a member of the Board in the form of Share Units, with the remainder of such fees to be settled in cash.

• On December 18, 2003, the Board approved an amendment to the Plan, effective immediately, with respect to the manner in which Eligible Directors may elect to receive cash in lieu of Share Units under the Plan.

• The Board may from time to time determine to grant Deferred Share Units to one or more Eligible Directors in a lump sum amount or on regular intervals, based on such formulas or criteria as the Board may from time to time determine.

More Definitions of Eligible Directors

Eligible Directors means the Directors and the directors of any Designated Affiliate of the Corporation from time to time;

Eligible Directors means the Directors or the directors of any Designated Affiliate from time to time;

Eligible Directors means the directors of the Company or any Affiliate thereof who are, as such, eligible for participation in the Plan.

Eligible Directors means those Directors eligible to participate in the Plan pursuant to Section 4.

Eligible Directors means all directors of the Company who are not employees of the Company or any subsidiary of the Company.

Eligible Directors means non-employee directors of the Corporation and its subsidiaries who are eligible to participate in the Deferred Share Unit Plan;

Eligible Directors means members of the Board of Directors of the Company (including community and advisory directors) and its Subsidiaries who receive Director Fees.