Retiring Directors definition
Examples of Retiring Directors in a sentence
Each Party agrees and acknowledges that each Retiring Director is a third party beneficiary of each provision of this Agreement that makes reference to the Retiring Directors.
The Company at the annual general meeting at which a Director retires Retiring Directors in accordance with these Articles may fill up the vacated office by to remain in office electing a person thereto, and in default of such election by the till successors Company, the retiring Director shall be deemed to have been re-elected appointed.
The Board shall not include the Retiring Directors as nominees for the Board in the Proxy Statement, and shall accept the resignations of the Retiring Directors, effective as of the conclusion of the 2018 Annual Meeting.
The Directors consider that the proposed resolutions regarding the re-election of the Retiring Directors, the granting of the Issue Mandate and the Repurchase Mandate and the adoption of the New Share Option Scheme are in the best interests of the Company and the Shareholders as a whole.
Each of the Company, the Directors (other than Messrs Finan, Melia, ▇’▇▇▇▇▇▇, ▇▇▇▇▇ and ▇▇▇▇▇), the Retiring Directors and the Selling Shareholders represents and warrants that the Registered Agent has agreed to act as such agent for service of process and agrees to take any and all action, including the filing of any and all documents and instruments, that may be necessary to continue such appointment in full force and effect as aforesaid.
If the foregoing is in accordance with your understanding, please sign and return to us ten counterparts hereof, and upon the acceptance hereof by, or on behalf of, each of the Underwriters and Sponsors, this Agreement and such acceptance hereof shall constitute a binding agreement among each of the Underwriters, the Sponsors, the Company, the Directors, the Retiring Directors and each of the Selling Shareholders.
Written resignations of the Retiring Directors and the Retiring Secretary in the agreed form resigning their respective offices with effect from Completion.
Details of the Retiring Directors proposed to be re-elected are set out in Appendix I to this circular.
As of the date hereof, the Company anticipates that such slate of nominees shall be limited to the New Independent Appointees and the persons who are members of the Board as of the date of this Agreement other than the Retiring Directors.
Retiring Directors will be eligible for re-appointment or re-election.