Existing Director definition

Existing Director means: any member of the Board of Directors of Norstan as of the date of this Agreement or the Merger Agreement.

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Existing Director means a person who is a director of the company immediately before that meeting.

Existing Director means any individual serving, as of the Petition Date (or at any subsequent date through the Effective Date), as a director of any of the Debtors.

Examples of Existing Director in a sentence

Employee further covenants and agrees, for the Relevant Period, not to become employed by any Existing Director (as defined below) or any business enterprise, other than Norstan, with which any Existing Director may then be employed, associated, affiliated or connected (including as a director, member, partner, officer, employee or an owner of more than 5% of the outstanding equity in such business enterprise).
Upon compliance by the Company with information statement delivery requirements pursuant to Rule 14f-1 under the Securities Exchange Act of 1934, as amended, if applicable, or upon the earlier request of Buyer, the Existing Director shall resign and the vacancy created thereby shall be filled by directors designated by the New Director.
Each of the Company and each member of the Shareholder Group agrees not to, and to cause its Related Parties not to, Disparage Personally (as defined below), or knowingly encourage or knowingly induce others to Disparage Personally, any Existing Director.
Any Existing Director who is indemnified pursuant to the foregoing provisions shall fully cooperate in the defense of any such matter and shall promptly furnish the Surviving Corporation and British Aerospace plc with any information and documents within such person's possession or control necessary to defend such matter.
Notwithstanding anything to the contrary contained in the foregoing, no Existing Director shall be entitled to be indemnified under this Section 8.2 for any costs or expenses, judgments, fines, losses, claims, damages, liabilities or amounts paid in settlement arising primarily from its or any other Existing Director's gross negligence, bad faith or willful misconduct.

More Definitions of Existing Director

Existing Director means, with respect to a Participation Year, a Director who first became eligible to participate in this Plan in a prior Year.

Existing Director means a member or former member of the Board who was actively serving on the Board as of January 1, 2011.

Existing Director means each member of the Board on the date of adoption of this Plan other than any member of the Board who is also an executive officer of the Company.

Existing Director means any individual serving, as of the Petition Date (or at any subsequent date through the Effective Date), as a director of the Debtor.

Existing Director means each member of the Board on the date of adoption of this Plan other than Timothy J. McIntyre.

Existing Director shall have the definition assigned thereto in Section 4.04.

Existing Director has the meaning set forth in Section 2.1.1.