Preferred Directors definition

Preferred Directors means, collectively, the Series A Directors and the Series B Director.

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Preferred Directors means the directors of the Company that the holders of record of the Preferred Stock are exclusively entitled to elect pursuant to the Restated Certificate.

Preferred Directors shall have the meaning set forth in the Restated Certificate.

Examples of Preferred Directors in a sentence

The Preferred Directors and the Investor Indemnitors are intended third-party beneficiaries of this Section 5.6 and shall have the right, power and authority to enforce the provisions of this Section 5.6 as though they were a party to this Agreement.
In addition, unless otherwise approved by the Board of Directors (including a majority of the Preferred Directors) the Company shall retain (and not waive) a “right of first refusal” on employee transfers until the Company’s Initial Offering and shall have the right to repurchase unvested shares at cost upon termination of employment of a holder of restricted stock.
Unless approved by the Board of Directors (including a majority of the Preferred Directors), no restricted stock or option agreements, as applicable, shall provide for acceleration of vesting upon any occurrence.
The Company hereby acknowledges that one (1) or more of the Preferred Directors may have certain rights to indemnification, advancement of expenses and/or insurance provided by one or more of the Investors and certain of their Affiliates (collectively, the “Investor Indemnitors”).
The Company has, as of the date hereof, directors and officers liability insurance in an amount and on terms and conditions satisfactory to the Board with coverage of at least two million dollars ($2,000,000), and will cause such insurance policy to be maintained until such time as the Board (including a majority of the Preferred Directors) determine that such insurance should be discontinued.

More Definitions of Preferred Directors

Preferred Directors means the Series A-1 Directors.

Preferred Directors shall have the meaning ascribed thereto in the Voting Agreement.

Preferred Directors shall have the meaning set forth in the Certificate of Incorporation.

Preferred Directors shall have the meaning as defined in the Shareholders Agreement.

Preferred Directors has the meaning set forth in Section 10(c).

Preferred Directors means the Series C Directors, the Series D Directors and any Series E Directors.

Preferred Directors means the directors designated for election to the Board pursuant to Section 1.2(a) of that certain Amended and Restated Voting Agreement of even date herewith by and among the Company and the “Investors” and “Key Holders” named therein, as amended from time to time, then serving on the Board, if any.