Examples of Independence Rules in a sentence
The position of Chairman shall neither be deemed a position of employment with the Corporation nor be deemed an officer position with the Corporation (as the term “officer” is defined in Rule 16a-1 of the Securities Exchange Act of 1934 or as the terms “employee” and “executive officer” are used in the NASDAQ Independence Rules (Marketplace Rule 4200)).
The Employee acknowledges that Consulting is, and for an indefinite period of time after the Separation may continue to be, subject to the Auditor Independence Rules.
The Employee agrees to abide at all times (including after any termination of employment with Consulting) by the Auditor Independence Rules applicable to KPMG and to take any and all action requested by the Board of Directors of KPMG in connection with such Auditor Independence Rules.
In this regard, at least 25% of the directors must be “resident Canadian” as defined by the Canada Business Corporations Act and at least a majority of members of the Board should qualify as “independent” directors in accordance with the rules of applicable securities regulators (collectively, the “Independence Rules” and references herein to “independent” shall have the meaning given in the applicable Independence Rules).
The position of Chairman shall neither be deemed a position of employment with the Corporation nor be deemed an officer position with the Corporation (as the term "officer" is defined in Rule 16a-1 of the Securities Exchange Act of 1934 or as the terms "employee" and "executive officer" are used in the NASDAQ Independence Rules (Marketplace Rule 4200)).
It is understood and agreed that nothing in this Section 12.3 shall be deemed to constitute a waiver by PwCIL of any rights or powers it possesses under the Regulations of PwCIL or otherwise to cause any member or network firm in the PricewaterhouseCoopers global network of firms to comply with the SEC Independence Rules and the rules and regulations thereunder.
As of the date hereof, Longkloof confirms that each of the Approved Longkloof Board Candidates would qualify as an “independent” member of the Board pursuant to the current Nasdaq Independence Rules.
Each Shareholder agrees to abide by the Independence Rules and the terms of the No-Action Letter applicable to the Shareholder and to take any and all action requested by the Board of PwCIL in connection with such Independence Rules and No-Action Letter.
All of the members of these committees will be “independent” directors, as defined in the Independence Rules.
The Board has confirmed that all members of the Human Resources Committee meet the NYSE Enhanced Independence Rules.