Participating Director definition

Participating Director means the meaning set forth in Section 4(a).

Participating Director means any director of the Company or any Subsidiary who, in the opinion of the Board, has demonstrated a capacity for contributing in a substantial measure to the success of the Company and its Subsidiaries.

Participating Director means an individual who, while an Eligible Director, has elected to participate in the Plan as contemplated by Section 5.1 hereof.

Examples of Participating Director in a sentence

• A Participating Director may elect to receive payment from his or her Deferred Stock Account in a lump sum or installments.

• All designations shall be in writing and shall be effective only if and when delivered to the Company during the lifetime of the Participating Director.

• Nothing in the Program will interfere with or limit in any way the right of the Company’s Board or its shareholders to remove an Eligible or Participating Director from the Board.

• If the Stock Election is for the issuance of shares of Common Stock, shares of Common Stock having a Fair Market Value equal to the amount of the Retainer and/or Meeting Fees so elected shall be issued to each Participating Director when each quarterly installment of the Retainer and the Meeting Fees is customarily paid.

• A Participating Director may from time to time during his or her lifetime change his or her beneficiary or beneficiaries by a written instrument delivered to the Company.

More Definitions of Participating Director

Participating Director means a member of the Board who is not an employee of the Company or any of its present or future parent or subsidiary corporations.

Participating Director means any Director who participates in the Plan.

Participating Director means, with respect to any fiscal quarter, any Eligible Director other than an Eligible Director who has elected not to participate in the Plan for such quarter in accordance with the terms of Section 5.2 of the Plan.

Participating Director means any member of the Board of Directors of the Company who is not a Non-Employee Director."

Participating Director means a Director who elects to defer compensation under this Plan.

Participating Director means a non-employee Director who has been granted options under the Plan

Participating Director means a director serving on the Board of Directors of the Company or the Bank who is not otherwise an Employee.