Remaining Director definition

Remaining Director has the meaning set forth in Section 2.3(c)(iv).

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Remaining Director shall have the meaning set forth in Section 11(e) hereof.

Remaining Director means one of the members of the Company Board of Directors serving as a member of the Special Committee as of the date of this Agreement chosen in the following manner: the Special Committee shall propose two of such directors as candidates to serve as the Remaining Director and Parent shall choose one of the two proposed directors, which director shall be the Remaining Director. Immediately following the Director Effective Time, subject to the provisions of the previous sentence, the Company shall take all action necessary to cause individuals designated by Parent to constitute (i) a majority of each committee (other than the Special Committee, which shall be terminated as of the Director Effective Time) of the Company Board of Directors and (ii) all members of each board of directors (and each committee thereof) of each Subsidiary of the Company and Company Joint Venture (or, in the case of Subsidiaries or Company Joint Ventures as to which the Company is entitled to appoint less than all of the directors pursuant to contractual arrangements with third parties, then such number of directors as the Company is entitled to appoint), in each case to the fullest extent permitted by applicable Law.

Examples of Remaining Director in a sentence

• Each Remaining Director so elected shall hold office for a term expiring at the next annual meeting following the annual meeting of stockholders at which such director was elected and until his successor is duly elected and qualified, subject to his earlier death, disqualification, resignation or removal.

• For purpose of clarity, dSpace shall have the right but not obligation to designate the dSpace Preferred Designees and shall have the right to nominate but not obligation to nominate a Remaining Director as provided in Section 2.1(b)(v).

• Prior to each annual meeting of stockholders, the Board of Directors' nominees for Remaining Directors shall be nominated by the Remaining Director Nominating Committee.

• Pursuant to clause (a)(1)(ii) of Article II, Section 12 of the Bylaws of the Corporation, the Corporation shall cause to exist a nominating committee composed of the Remaining Directors then in office for the purpose of nominating the Board of Directors' nominees as Remaining Directors (the "Remaining Director Nominating Committee").

• This shareholding, for: (1) Huachen is 1,446,121,500 Shares, representing 39.446%; (2) the Management Directors is 126,185,000 Shares*, representing 3.442%; (3) the Remaining Director is 2,800,000 Shares, representing 0.076%; and (4) the Public is 2,090,946,400 Shares, representing 57.036%.) Note: Assuming that the Condition is not satisfied and the Offer lapses and assuming that none of the Employee Options is exercised.

• Jefferies hereby nominates Jeff▇▇ ▇▇▇▇▇▇▇▇ ▇▇ the initial Remaining Director.

• Each Holder covenants and agrees to take all action in its power, so that a compensation committee of the Board ("Compensation Committee") is established and comprised of four directors, consisting of the two TCW Directors, one Management Director and the Remaining Director.

• Save for the Management Directors, brief particulars of whom are set out below, and the Remaining Director, who is the holder of outstanding Employee Options in respect of 2,338,000 Ordinary Shares, none of the other Directors is a party to any of the matters disclosed in this document.

• Pursuant to clause (a)(1)(ii) of Article II, Section 12 of the Bylaws of the Corporation, the Corporation shall cause to exist a nominating committee composed of the Remaining Directors then in office for the purpose of nominating the Corporation's nominees as Remaining Directors (the "Remaining Director Nominating Committee").

• Prior to each annual meeting of stockholders, the Corporation's nominees for Remaining Directors shall be nominated by the Remaining Director Nominating Committee.

More Definitions of Remaining Director

Remaining Director means a director of the Company, who may also be a City Councilor, as appointed by the City Council.

Remaining Director shall have the meaning specified in SECTION 2.01.

Remaining Director. Mr. Yang Mao Zeng, the remaining executive Director; "Sale Sh▇▇▇▇" 1,446,121,500 Ordinary Shares;