Required Board Majority definition

Required Board Majority means at any time a majority of the members of the Board at that time which includes at least a majority of the Directors, each of whom has not been an employee of the Company or any subsidiary of the Company.

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Required Board Majority means at any time a majority of the members of the Board at that time.

Required Board Majority means at any time a majority of the members of the Board at that time which includes at least a majority of the Outside Directors at that time.

Examples of Required Board Majority in a sentence

Any determination as to the existence of Cause by the Board or Required Board Majority is reviewable by the trier of fact to determine whether such determination was made in good faith versus bad faith and whether such determination was reasonable versus arbitrary or capricious.
The Business Plan and Budget in forms mutually agreed upon in writing by the JVC and the Shareholders shall have been approved by a Required Board Majority.
The Corporation shall be entitled, if acting at the direction of the Required Board Majority, to terminate the Executive's employment at any time with or without Good Cause.
The Chief Executive Officer shall act in full accordance with any business or operating plan or Budgets approved by the Board and shall have no authority to take any action with respect to any of the matters enumerated in Section 7.4 or Section 8.10 without first obtaining the approval of the requisite Shareholder approval or a Required Board Majority, as the case may be, with respect to the matter in question.
If such matter is not resolved within such time period, the second year of the Business Plan and Budget last approved by a Required Board Majority shall become the default Business Plan and Budget for the next fiscal year.
For purposes of calculating how many Shares will be purchased by each Shareholder, the price per share for each Share shall be the last stated fair market value of a Share as set forth in the then most recent Business Plan or Budget approved by a Required Board Majority (or as otherwise determined by both Shareholders).
Unless a Required Board Majority waive such restriction, no matter may be voted upon at any Board meeting unless such matter is included in the agenda.
Branches and other business offices may be established anywhere as necessary, if and to the extent approved by a Required Board Majority.
The Company, acting pursuant to a resolution adopted by the Required Board Majority, may terminate the Executive's employment during the Employment Period with or without Cause.
The Company shall be entitled, if acting at the direction of the Required Board Majority, to terminate the Executive's Employment at any time with or without Cause.

More Definitions of Required Board Majority

Required Board Majority means at any time a majority of the members of the Board of Directors of the Company at that time and which includes at least a majority of the independent directors at that time. Termination of the Executive’s employment by the Company for Cause shall be effective on the date of the notice of termination for Cause is delivered to the Executive.

Required Board Majority means, with respect to any approval, the approval of a majority of the directors of the Board, with the approval of at least one director nominated solely by SPTL (other than any director that is a resident of Malaysia and not an employee of SPTL or any of its controlled Affiliates) and the approval of at least one director nominated solely by AUO (other than any director that is a resident of Malaysia and not an employee of AUO or any of its controlled Affiliates).

Required Board Majority means at any time at least a sixty-six percent

Required Board Majority means at least two-thirds of the members of the New Parent Board, and thereafter the "Required Board Majority" means such vote of the New Parent Board as may be required by the by-laws of the Company as in effect from time to time, but in no event less than a majority of the New Parent Board.

Required Board Majority is defined in Section 2(a)(i).