Bank Boards definition

Bank Boards has the meaning set forth in Section 4.22(a).
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Bank Boards means the Board of Directors of CBNA and the Board of Directors of CBPA, collectively.
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Bank Boards means the Board of Directors of the Banks. (h) “Base Salary” shall have the meaning set forth in Paragraph 5(a) hereof. (i) “Change of Control” means: (i) The acquisition by one person, or more than one person acting as a group, of ownership of stock of Arrow that, together with stock held by such person or group, constitutes more than 50% of the total fair market value or total voting power of the stock of the Arrow; (ii) The acquisition by one person, or more than one person acting as a group, of ownership of stock of Arrow that, together with stock of Arrow acquired during the twelve-month period ending on the date of the most recent acquisition by such person or group, constitutes 30% or more of the total voting power of the stock of Arrow;
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Examples of Bank Boards in a sentence

  • If the Arrow Board and the Bank Boards shall determine to offer such a Replacement Agreement to the Executive and the Executive shall accept, this Agreement shall terminate at 11:59 p.m. on the day prior to the commencement date of the Replacement Agreement and the Replacement Agreement shall take effect at 12:00 midnight on such commencement date.

  • The Executive's Base Salary may be increased from time to time in accordance with the normal business practices of Arrow and the Banks, as determined by the Arrow Board and the Bank Boards, and, if so increased, such Base Salary shall not thereafter during the Term be decreased and the obligation of the Banks or Arrow hereunder to pay the Executive's Base Salary shall thereafter relate to such increased Base Salary.

  • Such Termination of Employment of Executive for Disability shall require the affirmative vote of a majority of the entire Arrow Board or Bank Boards.

  • The Board of Directors and the Bank Boards shall cause each Designated Anchor Investor Director to be appointed to the committees of the Board of Directors and the Bank Boards, as applicable, identified by the applicable Anchor Investor, so long as such Designated Anchor Investor Director qualifies to serve on such committees subject to satisfaction of all legal and governance requirements regarding service as a committee member.

  • On or before each anniversary of the Effective Date of this Agreement, each of the Arrow Board and the Bank Boards, will consider and vote upon a proposal to extend to the Executive an offer to replace this Agreement with a new employment agreement (the “Replacement Agreement”) commencing on the date of such anniversary.

  • The Board of Directors and the Bank Boards shall cause the CapGen Designated Director to be appointed to the committees of the Board of Directors and the Bank Boards, as applicable, identified by CapGen, so long as such CapGen Designated Director qualifies to serve on such committees subject to satisfaction of all legal and governance requirements regarding service as a committee member.

  • Any such bonus shall take into account the Bank's current financial condition, results of operations, and the Bank Board's evaluation of the performance of the Executive.

  • The Executive shall devote substantially all his working time and efforts to the business and affairs of Arrow and the Banks, provided however, that the Executive may, with the approval of the Arrow Board and the Bank Boards, serve as a director or officer of any non-competing business or engage in any other activity, including but not limited to, charitable or community activity, to the extent that such does not inhibit the performance of his duties hereunder or otherwise violate this Agreement.

  • Xxxxxx, and two other persons from the Regal Bancorp board to be selected by SR Bancorp in consultation with Regal Bancorp (the “Regal Bancorp Designees”), to the Board of Directors of SR Bancorp and Somerset Bank, with one former Regal Bancorp director being appointed to each of the three terms of directors comprising the SR Bancorp and Somerset Bank Boards.

  • Not less than ten (10) Business Days prior to the Closing, CapGen shall provide to the Company the name of the CapGen Designated Director to the Board of Directors of the Company as well as the boards of directors of Hampton Roads and Shore (the “Bank Boards”), and the committees of the Board of Directors and the Bank Boards which such designee is to be appointed.


More Definitions of Bank Boards

Bank Boards means the Board of Directors of the Banks. (h) “Base Salary” shall have the meaning set forth in Paragraph 5(a) hereof. (i) “Change of Control” means: (i) The acquisition by one person, or more than one person acting as a group, of ownership of stock of Arrow that, together with stock held by such person or group, constitutes more than 50% of the total fair market value or total voting power of the stock of the Arrow; (ii) The acquisition by one person, or more than one person acting as a group, of ownership of stock of Arrow that, together with stock of Arrow acquired during the twelve-month period ending on the date of the most recent acquisition by such person or group, constitutes 30% or more of the total voting power of the stock of Arrow; (iii) A majority of the members of the Arrow Board are replaced during any twelve-month period by directors whose appointment or election is not endorsed by a majority of the members of the Arrow Board before the date of the appointment or election; or (iv) One person, or more than one person acting as a group, acquires (or has acquired during the twelve-month period ending on the date of the most recent acquisition by such person or group) assets from Arrow that have a total gross fair market value (determined without regard to any liabilities associated with such assets) equal to or more than 40% of the total gross fair market value of all of the assets of Arrow immediately before such acquisition or acquisitions. Persons will not be considered to be acting as a group solely because they purchase or own stock of the same corporation at the same time, or as a result of the same public offering. However, persons will be considered to be acting as a group if they are owners of a corporation that enters into a merger, consolidation, purchase or acquisition of stock, or similar business transaction with Arrow.
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Bank Boards means the Board of Directors of the Banks. (h) “Base Salary” shall have the meaning set forth in Paragraph 5(a) hereof. (i) “Change of Control” means: (i) The acquisition by one person, or more than one person acting as a group, of ownership of stock of Arrow that, together with stock held by such person or group, constitutes more than 50% of the total fair market value or total voting power of the stock of the Arrow;
Sample 1
Bank Boards means the Board of Directors of the Banks. (h) “Base Salary” shall have the meaning set forth in Paragraph 5(a) hereof. (i) “Change of Control” means: (i) The acquisition by one person, or more than one person acting as a group, of ownership of stock of Arrow that, together with stock held by such person or group, constitutes more than 50% of the total fair market value or total voting power of the stock of the Arrow; (ii) The acquisition by one person, or more than one person acting as a group, of ownership of stock of Arrow that, together with stock of Arrow acquired during the twelve-month period ending on the date of the most recent acquisition by such person or group, constitutes 30% or more of the total voting power of the stock of Arrow; (iii) A majority of the members of the Arrow Board are replaced during any twelve-month period by directors whose appointment or election is not endorsed by a majority of the members of the Arrow Board before the date of the appointment or election; or
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Bank Boards means collectively the Board of Directors of each of GFNB and Saratoga. (h) “Base Salary” shall have the meaning set forth in Paragraph 5(a) hereof. (i) “Change of Control” means: (i) The acquisition by one person, or more than one person acting as a group, of ownership of stock of Arrow that, together with stock held by such person or group, constitutes more than 50% of the total fair market value or total voting power of the stock of the Arrow; (ii) The acquisition by one person, or more than one person acting as a group, of ownership of stock of Arrow that, together with stock of Arrow acquired during the twelve-month period ending on the date of the most recent acquisition by such person or group, constitutes 30% or more of the total voting power of the stock of Arrow;
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Related to Bank Boards

  • Bank Board means the Board of Directors of the Bank.

  • Boards means the Virginia Board of Medicine and the Virginia Board of Nursing.

  • Parent Board means the board of directors of Parent.

  • Local board means the local board of social services representing one or more counties or cities.

  • Medical Board means the North Carolina Medical Board.

  • Company Board of Directors means the board of directors of the Company.

  • Company Board means the Board of Directors of the Company.

  • New Boards means, collectively: (a) the Reorganized TCEH Board; and (b) the New EFH/EFIH Board.

  • Full Board means the authorized number of voting members of the Board of Education.

  • Supervisory Board means the individual or group of individuals that

  • Transition Committee shall have the meaning set forth in Section 2.14.

  • Remuneration Committee means the remuneration committee of the Company;

  • Compensation Committee means the Compensation Committee of the Board.

  • R.S. Board means the Board of Governors of the Federal Reserve System or any successor thereto.

  • former Board means the Board of Reference constituted under Part IV of the former provisions;

  • Board Approval has the meaning set out in Section 2.2(a)(ii);

  • CEO means the Chief Executive Officer of the Company.

  • County board means a county board of developmental disabilities.

  • the Board means the board of directors of the Company;

  • Special Committee means a committee of the Board of Managers of the Company comprised of two individuals, each of whom qualifies as an Independent Manager.