Examples of Series G Director in a sentence
If, at any time when the holders of Series G Preferred Stock are entitled to elect Series G Directors, any such Series G Director should cease to be a Director for any reason, the vacancy shall be filled only by the vote or written consent of the holders of the outstanding shares of Series G Preferred Stock, voting together as a separate class, in the manner and on the basis specified above or as otherwise provided by law.
If at any time there are fewer than 100,000 shares (as adjusted for stock splits, stock dividends, recapitalizations and similar events) of Series F Preferred and Series G Preferred outstanding (i) the right of the holders of the shares of Series F Preferred and Series G Preferred to elect the Series F and Series G Director will terminate, (ii) the term of office of the Series F and Series G Director will automatically terminate, and (iii) the authorized number of directors shall be reduced by one.
The Company agrees that the executive committee of the Board of Directors (the "Executive Committee") shall consist of no more than seven members, including (i) for so long as the Purchasers are entitled to designate members to the Board of Directors, the Series G Director Designees or Designee of the Purchasers, (ii) the Chairman of the Board of Directors, (iii) the Chief Executive Officer of the Company and (iv) the Chief Operating Officer of the Company.
The Company shall use commercially reasonable efforts to maintain its Key Person and Directors and Officers liability insurance providing coverage of not less than $5,000,000 until such time as the Board of Directors (including the Series F Director, the Series G Director and at least two other Preferred Directors) determines that such insurance should be discontinued.
Each Series G Director shall be subject to removal during his or her term of office, either with or without cause, by, and only by, the affirmative vote or written consent of the holders of a majority of the outstanding shares of Series G Preferred Stock, voting or consenting as a separate class.
The right of the holders of the Series C Preferred Stock, exclusively and as a separate class, to elect one (1) director of the Corporation shall terminate immediately prior to the election of the Series G Director to the Board of Directors.
Except where prohibited by applicable law or where required by applicable listing standards or to obtain the benefit of an applicable rule or regulation (such as Rule 16b-3 or the exemptions provided under IRC §162(m)), each committee of the Company’s Board of Directors shall include at least one Series C, Series D or Series G Director.
The Company shall cause the size of the Board of Directors to be increased in connection with the exercise the Special Board Appointment Right pursuant to this Section 6.9 such that such Requesting Redemption Stockholders will be able to nominate the majority of the members of the Board of Directors (including the Series G Director, the Series F Director or both of them designated by such Requesting Redemption Stockholders pursuant to Sections 3.2.1 and 3.2.2, as applicable).
If an Initial Series G Director ceases to serve as a director, then a majority of the Series G holders shall have the sole right to nominate and elect a replacement director, provided that at all times at least one of the Series G directors shall be an independent director as provided in the Nasdaq Marketplace Rules (or the applicable rules of another exchange if the shares of common stock are listed on such other exchange).
The Series G Holders, subject to the prior written consent of GE, may remove any Series G Director at any time and from time to time, with or without cause (subject to the Certificate of Vote, the Bylaws of the Company as in effect from time to time and any requirements of law), in their sole discretion.