Series C Directors definition

Series C Directors and each a “Series C Director”), (c) for so long as Banyan holds any Share, Banyan shall be entitled to appoint one (1) director to the Board, (d) for so long as Sun Vantage holds any Share, Sun Vantage shall be entitled to appoint one (1) director to the Board (together with the Director appointed by Banyan, the “Series B Directors”, and each a “Series B Director”), and (e) the Ordinary Majority shall be entitled to appoint four (4) director to the Board (collectively, the “Management Directors”), one of which shall be XXXXX Xxxxx (the “Founder Director”). When the number of Management Directors is less than four (4), the Founder Director is entitled to exercise the voting right of the vacant Management Director(s) that should otherwise be appointed by the Ordinary Majority in accordance with this Section 1.2, and the board of directors of the Company’s Subsidiaries, as applicable, shall apply to such mechanism mutatis mutandis. Any vacancy on the Board occurring because of the death, resignation or removal of a Director shall be filled by the vote or written consent of the same shareholder or shareholders who nominated and elected such Director. Each Director (other than the Founder Director) is entitled to one (1) vote, while the Founder Director shall be entitled to two (2) votes at each meeting of the Board. Tencent shall be entitled to appoint one (1) representative to attend all meetings of the Board in the non-voting observer capacity. The holders of the remaining Preferred Shares shall be entitled to appoint two (2) representatives to attend all meetings of the Board in the non-voting observer capacity by a simple majority of votes (voting as a single class and on an as-converted basis).

Series C Directors shall have the meaning as defined in Section 2.11(a).

Series C Directors means those members of the Board of Directors who are elected pursuant to Section 1(c)(i) of the Voting Agreement.

Examples of Series C Directors in a sentence

• At this time the holders of the Series C Preferred Stock have decided not to elect any Series C Directors.

• The term of office of any director elected by the holders of the Series C Preferred Stock will terminate on the earlier of (i) the next annual meeting of shareholders at which a successor has been elected and qualified, or (ii) the termination of the right of holders of the Series C Preferred Stock to elect Series C Directors.

• In the event that the equivalent of six quarterly dividends payable on the Series C Preferred Stock shall be in arrears, the number of directors of the Company will be increased by two and the holders of the Series C Preferred Stock shall have the exclusive right, voting separately and as a class, with each share of Series C Preferred Stock entitled to 12.219 votes, to elect the two additional directors (the "Series C Directors").

• Additional information regarding our Board and our Series A, Series B and Series C Directors is set forth below under the sections entitled “Board of Directors and Corporate Governance.” Vote Required Series A Members may not vote for more than the one Series A Director nominee above.

• If at any time there are four Series C Directors, one such director must be independent as that term is defined in the Series C designation.

More Definitions of Series C Directors

Series C Directors has the meaning set forth in Section 3.1(b).

Series C Directors means the directors of the Company that the holders of record of the Series C Preferred Stock are entitled to elect pursuant to the Restated Certificate.

Series C Directors or “Series C Director” has the meaning specified in Article 73(a).

Series C Directors or “Series C Director” has the meaning set forth in Section 6.1(a) hereof.

Series C Directors means those directors designated by the Series C Holders and elected pursuant to Section 4.1(c)(i) below.

Series C Directors means the directors of the Corporation elected by the holders of the Series C Voting Preferred Stock pursuant to paragraph 7(ii).

Series C Directors means the directors selected by the holders of the outstanding shares of Series C Preferred Stock.