Initial Board definition

Initial Board means the board of a newly reorganized district that is selected pursuant to section 275.25 or 275.41 and functions until the organizational meeting following the third regular school election held after the effective date of the reorganization.

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Initial Board means the Board of Directors of the Company immediately following the consummation of the transactions contemplated by the Merger Agreement.

Initial Board has the meaning set forth in Section 6.1.

Examples of Initial Board in a sentence

The Initial Board shall have all of the powers and authorities accorded to the Board of Directors, and each Initial Director shall have all of the powers and authorities accorded the directors of the Company under the terms of this Agreement.
The Initial Board shall consist of the individuals set forth on Schedule 3.1(a), each serving, effective as of the Closing, in the class of the Board set forth beside their name on such schedule.
The Initial Board shall have all of the powers and authorities accorded to the Board of Directors, and each Initial Director shall have all of the powers and authorities accorded the directors of the Company under the terms of this Amended Agreement.
Following such time as the Initial Board is constituted, Pubco shall take all Necessary Action to ensure that the Board consists of the requisite number of directors meeting the independence requirements of the NYSE or any other securities exchange on which the Equity Securities of Pubco are then listed.
As provided by Section 6.1, the Initial Board shall be comprised of seven (7) Initial Directors and at all times from and after the closing of the Initial Public Offering the composition of the Board of Directors shall consist of at least a majority of Independent Directors.

More Definitions of Initial Board

Initial Board means the directors who are members of the Board effective as of the Closing.

Initial Board has the meaning set forth in Section 6.1 hereof.

Initial Board has the meaning set forth in Section 2.01(a).

Initial Board means the Board of Directors of Pubco immediately following the consummation of the Transactions.

Initial Board shall have the meaning set forth in Article IV.Q.3 hereof.

Initial Board has the meaning specified in the Sponsor Agreement.

Initial Board means those individuals appointed by Declarant as Directors pursuant to the power granted to Declarant in Section 9.04 of these Articles.