SPAC Director definition

SPAC Director means an individual elected to the Board of Directors that has been nominated by the Investors pursuant to this Agreement.
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SPAC Director means a director of a SPAC.
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SPAC Director shall have the meaning set forth in Section 7.16.
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Examples of SPAC Director in a sentence

  • As noted above, these Founder Shares are economically equivalent to the shares for which public shareholders who invest in the deSPAC transaction are foregoing $10 to accept.13 Thus, the average SPAC director receives approximately $400,000 in director compensation if the SPAC consummates a transaction, but receives nothing if no deal is completed.The payout structure of SPAC Director compensation is materially different than director compensation at most publicly traded companies.

  • In addition, given the importance of the SPAC Directors holding the requisite SFC licenses (see paragraph147 and Rule 18B.13), a material change event will also be triggered if there is a change to such SPAC Directors (e.g. the suspension or revocation of such SPAC Director’s license issued by the SFC and/or resignation of such SPAC Director), unless a replacement director is appointed within six months of the event to ensure compliance with the relevant requirement.

  • Matthew Friestedt, Marc Trevino, and Melissa Sawyer, Trends in SPAC Director Compensation, HARVARD LAW SCHOOL FORUM ON CORPORATE GOVERNANCE (Aug.

  • The Acquisition Merger shall become effective at the time when the Plan of Acquisition Merger has been accepted for filing by the Registrar of Companies of the Cayman Islands or at such later time as may be agreed by PubCo (with the prior written consent of the SPAC Director and the Company Director), Merger Sub 2 and the Company in writing and specified in the Plan of Acquisition Merger (the “Acquisition Effective Time”).

  • First three digits are the bank code, the next six digits are for value date, e.g. DDMMYY, and the last seven digits are the transaction serial number.

Related to SPAC Director

  • shadow director means, in relation to a company, any person in accordance with whose directions or instructions the directors of the company are accustomed to act, but the person is not deemed to be a shadow director by reason only that the directors act on advice given by him in a professional capacity; and

  • New Director means an individual whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds of the directors then still in office who either were directors at the Date of Grant or whose election or nomination for election was previously so approved or recommended. However, “New Director” shall not include a director whose initial assumption of office is in connection with an actual or threatened election contest, including but not limited to a consent solicitation relating to the election of directors of the Company.

  • Deputy Director means the Deputy Director of the Authority, as the case may be.

  • Athletic director means an individual responsible for administering the overall athletic program of an educational institution or, if an educational institution has separately administered athletic programs for male students and female students, the athletic program for males or the athletic program for females, as appropriate.

  • Series B Director means any director of the Company that the holders of record of the Series B Preferred Stock are entitled to elect, exclusively and as a separate class, pursuant to the Certificate of Incorporation.

  • Sponsor Director means an individual elected to the Board that has been nominated by the Sponsor pursuant to this Agreement.

  • Designated Director means a person designated by the RE to ensure overall compliance with the obligations imposed under chapter IV of the PML Act and the Rules and shall include:

  • Investor Director means a member of the Board who was elected to the Board as an Investor Director Designee.

  • Alternate Director means a person elected or appointed to serve, as the occasion requires, as a member of the board of a company in substitution for a particular elected or appointed director of that company;

  • Lead Director means, at any given time, the lead, independent member (if any) elected as such by the Board and occupying such position.

  • Public Director means a Person that meets the qualifications described in Rule 207(e).

  • Company Director means a member of the Board.

  • Series A Director means any director of the Company that the holders of record of the Series A Preferred Stock are entitled to elect pursuant to the Company’s Certificate of Incorporation.

  • Associate Director means the associate director of the

  • Member Director means a Director elected or appointed pursuant to section 8(2)(a) of the Act and Section 5.02;

  • Director means a member of the Board.

  • Preferred Director means any director of the Company that the holders of record of the Preferred Stock are entitled to elect pursuant to the Company’s Certificate of Incorporation.

  • Management Director means a Person selected in accordance with Article IV of this Agreement who shall have the powers and duties to manage the business and affairs of the Company and exercise its powers to the extent set forth in this Agreement, the Certificate and the Act. Each Management Director shall be a “manager” of the Company within the meaning of the Act.

  • Continuing Director means at any date a member of the Board (i) who was a member of the Board on the date of the execution of this Agreement or (ii) who was nominated or elected subsequent to such date by at least a majority of the directors who were Continuing Directors at the time of such nomination or election or whose election to the Board was recommended or endorsed by at least a majority of the directors who were Continuing Directors at the time of such nomination or election; provided, however, that there shall be excluded from this clause (ii) any individual whose initial assumption of office occurred as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents, by or on behalf of a person other than the Board; or

  • Appointed Director means a person appointed in accordance with these bylaws as an appointed director or appointed as a replacement director for an appointed director;

  • Board Chair means the chair of the Board;

  • Independent Director means a director referred to in Section 149 (6) of the Companies Act, 2013.

  • Regional Director means the Regional Director of the Southwestern Region of the Ministry;

  • Rector means the Rector of the University;

  • New Directors means any director whose election by the Board or whose nomination for election by the Company's stockholders was approved by a vote of at least two-thirds of the directors then still in office who were Present Directors or New Directors.

  • Assistant Director means the Asstt. Director of the Authority, as the case may be.