Examples of Parent Directors in a sentence
Parent shall assume and retain all Liabilities under the Parent Director Deferred Compensation Plans the benefits of Parent Directors and all nonemployee directors who ceased serving on the Parent Board prior to the Effective Time.
For the first and second Annual Meetings of the Stockholders following the Effective Time (the “Applicable Meetings”), except as provided in this Section 3, the Nominating and Corporate Governance Committee and the Board shall nominate, recommend and designate the Parent Directors and Company Directors then on the Board for re-election (the “Recommended Slate”).
Parent shall be entitled at any time and for any reason (or for no reason) to designate one or more Parent Directors for removal, and a Majority Vote of the Individual Stockholders shall be entitled at any time and for any reason (or for no reason) to designate one or more Stockholder Directors for removal.
Effective at the Closing, the persons designated as such by Parent shall become the initial Parent Directors; the persons designated as such by the Individual Stockholders shall be the initial Stockholder Directors and the persons designated as such by Parent shall become the initial Outside Directors.
Options Granted to Company Employees, Previous Public Parent Employees, Independent Directors and Previous Public Parent Directors.