Independence Qualification definition

Independence Qualification means an individual is “independent” as defined in the listing standards of the Nasdaq Capital Market (or other United States national securities exchange on which the Common Stock is listed, if any) and applicable law.
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Examples of Independence Qualification in a sentence

  • MIHI/HS Designees must satisfy the Independence Qualification to the extent necessary to ensure that (provided that Vitruvian Designees satisfy the Independence Qualification to the extent required by Section 2.1(b)(i)) a majority of all Directors satisfy the Independence Qualification.

  • At least two out of three Vitruvian Designees, or one out of two Vitruvian Designees, must satisfy the Independence Qualification; for the avoidance of doubt, if the Vitruvian Group is only entitled to one Vitruvian Designee, such Vitruvian Designee shall not be required to satisfy the Independence Qualification.

Related to Independence Qualification

  • pre-qualification means a screening process designed to ensure that invitations to bid are confined to capable providers;

  • Minimum Qualifications means the requirements of education, training, experience and other basic qualifications for a job.

  • Monthly Qualification Cycle means a period beginning one (1) Business Day prior to the first day of the current Statement Cycle through one (1) Business Day prior to the close of the current Statement Cycle.

  • Impermissible Qualification means, relative to the opinion or certification of any independent public accountant as to any financial statement of the Borrower, any qualification or exception to such opinion or certification

  • Statement of Qualifications means a written statement submitted to a procurement unit in response to a request for statement of qualifications.