Nominee definition
Examples of Nominee in a sentence
The Nominee, as applicable, shall have the right to attend (in person or remotely) any meetings of the board of directors (or similar governing body or committee thereof) of each subsidiary of the Company.
Each Investor Nominee and each Observer shall be entitled, in their own right, to enforce and/or rely upon Clause 18.1.2(c) (including as a defence to, or otherwise to resist, any claim or allegation that any disclosure of Confidential Information by such Investor Nominee or Observer to the Investor in accordance with Clause 18.1.2(c) constitutes a breach of this Agreement, breach of confidence or breach of any duty owed to any Party).
For the avoidance of doubt, ▇▇▇▇▇▇ 18.1.2(c) is intended to confer a benefit on, and be enforceable by, each Investor Nominee and each Observer as a stipulation in favour of a third party (derdenbeding).
The right to designate a Director Nominee shall be referred to as a “Nomination Right”.
The Company shall procure that the Board proposes to the General Meeting that the Investor Nominee is appointed for a term ending at the close of the first annual General Meeting following the appointment of such director.