Remaining Directors definition
Examples of Remaining Directors in a sentence
The Remaining Directors may be removed at any time, with or without cause by the affirmative vote, given at a meeting or by written consent, of the holders of the Voting Securities, voting together as a single class on an as-converted to Common Stock basis.
Until the Termination Date, the directors of the Corporation other than the Additional Directors (the "Remaining Directors") shall be elected as provided for in this Section 11(e).
The Remaining Directors shall be elected by a plurality of the votes cast by holders of shares of Series B Preferred Stock, Common Stock, and any other class of Capital Stock entitled to vote thereon voting as a single class, present in person or represented by proxy at such meeting, and entitled to vote on such election of Remaining Directors.
Subject to Section 10(a), neither the Board nor any of the New Directors or the Remaining Directors shall utilize committees of the Board for the purpose of discriminating against any director of the Board in order to limit any of their participation in substantive deliberations of the Board.
Prior to each annual meeting of stockholders, the Board of Directors' nominees for Remaining Directors shall be nominated by the Remaining Director Nominating Committee.
The Company agrees that the slate of nominees recommended by the Board in the Company’s proxy statement and on its proxy card relating to the 2020 Annual Meeting shall consist of each of the New Directors and the Remaining Directors, each of whom has consented to being named in the proxy statement for the 2020 Annual Meeting.
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").
The Lender shall have the right to nominate four (4) designees (provided, for the avoidance of doubt, that none of the Remaining Directors shall count as such a designee for the purpose of this clause c) to be considered by the Board of Directors for subsequent election to the Board of Directors (the “Nomination Right”).
The Remaining Directors who shall thereafter be nominated and elected to replace ▇▇▇▇▇ ▇.
The remaining two directors (the "Remaining Directors") shall be elected by the Preferred Shareholders and the ------------------- Common Shareholders as provided in the Articles.