Material Decisions definition
Material Decisions has the meaning set forth in Section 8.3(a).
Material Decisions has the meaning provided in Section 3.2.
Material Decisions means any significant or strategic action affecting the direction, control, or financial position of the Company, including but not limited to: (i) issuance, sale, or transfer of equity or debt securities; (ii) approval of the annual budget or material deviation therefrom; (iii) incurrence of indebtedness or guarantees exceeding $100,000; (iv) entry into, amendment, or termination of any contract or transaction exceeding $100,000 in value; (v) hiring or termination of senior officers; (vi) mergers, acquisitions, or dispositions of assets; (vii) adoption or amendment of any equity or incentive plan; (viii) declaration or payment of dividends; or (ix) any other decision reasonably deemed material to the Company’s business, operations, or governance.
Examples of Material Decisions in a sentence
Each Manager shall have the right to propose, and the Board shall have the sole authority to authorize and approve, Material Decisions.
More Definitions of Material Decisions
Material Decisions has the meaning set forth in Section 2.5 herein.
Material Decisions has the meaning provided in the Amended and Restated LLC Agreement.
Material Decisions means operational and management decisions that include, but may not be limited to:
Material Decisions. For so long as ▇▇. ▇▇▇▇▇ was either Chief Executive Officer or Chairman (and thereafter if he ceased to hold either of those positions as a result of a breach by a party other than ▇▇. ▇▇▇▇▇ of agreements relating to ▇▇. ▇▇▇▇▇'▇ tenure in those positions), and provided that he was not physically incapacitated or mentally incompetent, approval of the Material Decisions listed in items 1, 3, 7, 13, 14 and 16, below, would require approval by the holder of the VMVS (or by ▇▇. ▇▇▇▇▇ upon the conversion of the VMVS upon the completion of a public offering as described above, provided ▇▇. ▇▇▇▇▇ would not be entitled to exercise such approval rights after the completion of that public offering unless that public offering was completed before the fifth anniversary of the date of closing of the Transaction, in which event he would be entitled to exercise such approval rights until such fifth anniversary), as well as requiring approval as a "Material Decision." The following would be material decisions ("MATERIAL DECISIONS") that would require approval by the votes cast by directors nominated by shareholders holding at least 66 2/3% of the equity interests of Four Seasons:
Material Decisions has the meaning attributed thereto in Section 4.2;