Majority Preferred Directors definition

Majority Preferred Directors means any four (4) out of all of the Preferred Directors.
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Majority Preferred Directors means the affirmative vote or written consent by at least a majority of the Preferred Directors.
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Majority Preferred Directors means a majority of the Preferred Directors (at least five (5) out of eight (8)).
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Examples of Majority Preferred Directors in a sentence

  • In addition, the Company shall not amend, modify, terminate, waive, or otherwise alter, in whole or in part, any of the above-referenced agreements or any restricted stock agreement between the Company and any employee, without the approval of the Board of Directors, including the Majority Preferred Directors.

  • The policy shall not be cancelable by the Company without prior approval by the Board of Directors, including the Majority Preferred Directors.

  • In addition, unless otherwise approved by the Board of Directors, including the Majority Preferred Directors, the Company shall retain a “right of first refusal” on employee transfers until the Qualified Initial Public Offering, and shall have the right to repurchase unvested shares at cost upon termination of employment of a holder of restricted stock.

  • In addition, each Founder hereby undertakes that, after the Closing, it will remain employed by the Group Companies at least one (1) year after the QIPO, unless agreed otherwise by the Board (including the affirmative votes of the Majority Preferred Directors).

  • The Board shall meet at least once every quarter, unless otherwise agreed by the majority of the Board (including an affirmative vote of the Majority Preferred Directors).

  • Unless otherwise determined by the majority votes of the Board (including the affirmative vote of the Majority Preferred Directors), the Board shall meet at least quarterly in accordance with an agreed upon schedule.

  • As soon as practicable after the Closing, any and all of the equity interest in Shanghai Kuanyu shall be transferred to Shanghai Huandian on terms and conditions approved by the Board (including the affirmative vote of the Majority Preferred Directors) (the “Acquisition”), provided that the Permit for Audio-Video Programs Transmitted through Information Network () owned by Shanghai Kuanyu shall continue to be effective and remains renewable after the Acquisition.

  • For so long as any Preferred Share remains outstanding, each Group Company shall not, and each of the Covenantors shall procure each Group Company not to, directly or indirectly, and whether by amendment, merger, consolidation, scheme of arrangement, amalgamation, or otherwise, take any of the actions listed in Section 3 of Exhibit C attached hereto without the prior written consent of the Majority Preferred Directors.

  • Unless otherwise approved by the Board (including the affirmative vote of the Majority Preferred Directors), any new Shareholder of the Company who is not already a Party to this Agreement shall, not later than the time that it becomes a Shareholder of the Company, agree in writing that it adhere to, and be bound by, the terms of this Agreement as a Party to this Agreement.

  • The remuneration to be paid to the Directors, if any, shall be such remuneration as the Directors shall determine (including the affirmative vote of the Majority Preferred Directors).


More Definitions of Majority Preferred Directors

Majority Preferred Directors has the meaning set forth in the Shareholders’ Agreement.
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Majority Preferred Directors means no less than two-thirds of the Preferred Directors
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Majority Preferred Directors means at least three (3) Preferred Directors.
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Related to Majority Preferred Directors

  • Preferred Directors means, collectively, the Series A Directors and the Series B Director.

  • 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.

  • Majority Vote means a vote made by more than half of the Members who are present at a Meeting and who are entitled to vote and voting at that Meeting upon a resolution put to that Meeting.

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

  • Majority Shareholder Vote means a vote of “a majority of the outstanding voting securities” (as such term is defined in the 0000 Xxx) of the Trust with each class and series of Shares voting together as a single class, except to the extent otherwise required by the 1940 Act or this Declaration with respect to any one or more classes or series of Shares, in which case the applicable proportion of such classes or series of Shares voting as a separate class or series, as the case may be, also will be required.

  • Majority Stockholders means any Stockholder or combination of Stockholders who at the date of this Agreement own shares of Company Common Stock representing more than two-thirds of the total number of shares of Company Common Stock outstanding at the date of this Agreement.

  • Supermajority Vote means the affirmative vote of at least seventy-five percent (75%) of the Members.

  • 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;

  • Series A Directors means the directors of the Company that have been solely designated by the holders of record of the Series A Preferred Stock pursuant to the Company’s Certificate of Incorporation, the Stockholders Agreement or otherwise.

  • Parent Directors means the Directors elected or appointed pursuant to Articles 53 – 56 inclusive;

  • Independent Directors means the members of the Board of Directors who are not officers or employees of the Manager.

  • 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:

  • Disinterested Directors means, with respect to any Affiliate Transaction, one or more members of the Board of Directors of the Company, or one or more members of the Board of Directors of a Parent, having no material direct or indirect financial interest in or with respect to such Affiliate Transaction. A member of any such Board of Directors shall not be deemed to have such a financial interest by reason of such member’s holding Capital Stock of the Company or any Parent or any options, warrants or other rights in respect of such Capital Stock.

  • Disinterested Director means a director of the Company who is not and was not a party to the Proceeding in respect of which indemnification is sought by Indemnitee.

  • Majority Shareholders means Xxxxxxx X. Xxx and Xxxxxxx X. Xxxxxxx.

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

  • Majority Participating Holders means Participating Holders holding more than 50% of the Registrable Securities proposed to be included in any offering of Registrable Securities by such Participating Holders pursuant to Section 2.1 or Section 2.2.

  • 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.

  • Disinterested Director/Trustee means a Director/Trustee of the Fund who is not an "interested person" of the Fund within the meaning of Section 2(a)(19) of the Act.

  • Required Majority means a required majority, as defined in Section 57(o) of the Act.7

  • Super Majority Vote means, the affirmative vote of the holders of Outstanding Interests of all Series representing at least two thirds of the total votes that may be cast by all such Outstanding Interests, voting together as a single class.

  • Disinterested Director/Trustee means a Director/Trustee of the Fund who is not an "interested person" of the Fund within the meaning of Section 2(a)(19) of the Act.

  • Requisite Company Vote has the meaning set forth in Section 3.03(a).

  • Continuing Directors means, as of any date of determination, any member of the Board of Directors who (i) was a member of such Board of Directors on the date of the Agreement or (ii) was nominated for election or elected to such Board of Directors with the approval of a majority of the Continuing Directors who were members of such Board of Directors at the time of such nomination or election.

  • majority of the outstanding voting securities shall have the meaning set forth for such terms in the 1940 Act.

  • Majority Stockholder means any person that would be a “50-percent shareholder” (within the meaning of section 382(g)(4)(D) of the U.S. Tax Code) of Common Stock if such person claimed a Worthless Stock Deduction at any time on or after the Petition Date.