R Directors definition
Examples of R Directors in a sentence
Without limiting the foregoing, the R Parties shall take all necessary action to cause any R Directors then on the Board to resign or be removed from the Board (and the R Parties shall vote all the shares of Common Stock they Beneficially Own, if necessary, to effect such removal), effective as of the day before the annual meeting of the Company’s stockholders occurring in 2016.
In the event that under the terms of Section 4.1(f)(iv) the R Directors are entitled to fill a third Board seat during any time that ▇▇.
Any vacancy resulting from such reduction in the number of R Directors shall be filled by an Outside Independent Director in accordance with Section 4.2(c).
If from time to time following the Closing, TD’s or the R Parties’ Ownership Percentage decreases to, and remains for at least 30 consecutive days, less than ten percent (10%), then the number of TD Directors or R Directors, as the case may be, on each such committee of the Board shall decrease to zero (0).
This increase will be accomplished by the resignation or removal of one or more of the Outside Independent Directors (as selected by the Outside Independent Directors Committee), and the resulting vacancy shall be filled by an R Director designated by a majority of the remaining R Directors or the sole remaining R Director (or, if there are no remaining R Directors, by the R Parties), in each case effective as of immediately prior to the following annual meeting of stockholders of the Company.
Any reduction in the number of TD Directors or R Directors on any committee pursuant to this paragraph will be accomplished by the immediate resignation or removal of one or more of the TD Directors or R Directors, as the case may be, from such committee.