Independence Standard definition

Independence Standard means the standard of independence necessary for a director to qualify as an “Independent Director” as such term (or any replacement term) is used under the rules and listing standards of Nasdaq as such rules and listing standards may be amended from time to time.
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Examples of Independence Standard in a sentence

  • In the event of any vacancy for any reason in any Board seat reserved for Independent Directors, a majority vote of the Independent Directors then in office shall have the sole right to nominate another individual to serve as an Independent Director, so long as he or she complies with the Independence Standard, and such new director, when appointed or elected, shall be an Independent Director for purposes of this Agreement.

  • At or prior to the Closing, Contura shall not adopt, implement or change any Independence Standard in a manner that would adversely affect the ability of any of Messrs.

  • In the event that the Independence Standard is not met by the deadline, the Note’s Rate (as defined in the Note) shall increase by two percent (2%) until the Independence Standard is met.

  • We have received and reviewed the written disclosures and the letter from the independent auditors required by Independence Standard No. 1, Independence Discussions with the Audit Committees, as amended, by the Independence Standards Board, and have discussed with the auditors the auditors' independence.

  • Lushefski, ▇▇▇▇▇▇ and ▇▇▇▇▇▇ would fail to meet any Independence Standard as of the date of this Agreement.

  • Is Contingent Upon The Board’s Determination That He Is “Independent” With Respect To The Company, In Accordance With The Listing Requirements Of The Nasdaq And Nyse American Stock Exchanges, And That His Appointment May Be Terminated By The Company In The Event That The Director Does Not Maintain Such Independence Standard.