Examples of Series A Director in a sentence
Table of ContentsThe holders of record of the shares of Series A Preferred Stock, exclusively and as a separate class, shall be entitled to elect one (1) director of the Company (the "Series A Director"), and the holders of record of the shares of common stock, exclusively and as a separate class, shall be entitled to elect two (2) directors of the Company.
At any annual or special meeting of the Corporation (or in a written consent in lieu thereof) held for the purpose of electing directors, the presence in person or by proxy (or by written consent) of the holders of a majority of the outstanding shares of Series A Preferred Stock shall constitute a quorum for the election of the Series A Director.
The holders of record of the shares of Series Seed Preferred Stock, exclusively and as a separate class, shall be entitled to elect one (1) director of the Corporation (the “Series Seed Director” and, together with the Series C Director, the Series B Director, and the Series A Director, the “Preferred Directors”).
Corporate Opportunities Neither Series A Director, the holders of the Warrants or the Series A Holder shall have an obligation to present corporate opportunities to the Company or any of its subsidiaries.
In lieu of their right to elect the Series A Director, the holders of a majority of the outstanding shares of Series A Preferred Stock shall have the right to send one representative (without voting rights) to each meeting of the Board of Directors of the Corporation and all committees of such Board.