Special Committee definition

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.

Special Committee means a committee of the Board of Managers of the Company comprised of two members that each meet the standards of an “independent director” set forth in NASDAQ Marketplace Rule 4200(a)(15) (on any successor rule) with respect the Company, the Administrator and their respective affiliates.

Special Committee has the meaning set forth in the Recitals.

Examples of Special Committee in a sentence

• Provided, however, the Members holding 66 2/3% of the Voting Shares can vote to remove and replace a Manager for “Cause” in accordance with Section 2.9. The size of the Board may be increased, including, without limitation, in connection with forming a Special Committee, or decreased from time to time by action of the Board.

• Any vesting period may be extended for a five-year period or shortened in accordance with this Section 6, provided, that any applicable Vesting Date shall be accelerated upon an Approved Sale to the date any such Approved Sale is consummated, except in the case that such sale is not approved by the Special Committee.

• The unvested Class A preferred shares issued or issuable hereunder shall be forfeited if this Agreement is terminated prior to the applicable Vesting Date or if the Special Committee does not approve a sale of the Artwork.

• The text of the draft resolution appears in the present report in the form of a recommendation of the Special Committee to the General Assembly (see chap.

• The Parties hereby establish a Special Committee on Customs and Trade Facilitation, composed of representatives of the Parties.

More Definitions of Special Committee

Special Committee means a committee of the Company Board consisting of members of the Company Board that are not affiliated with Parent or Merger Sub and are not members of the management of the Company.

Special Committee means the special committee consisting of independent members of the Board formed in connection with the Arrangement and the other transactions contemplated by this Agreement.

Special Committee means the special committee of the Board of Directors;

Special Committee means the committee of the Company’s board of directors, the members of which are not affiliated with the Purchaser and are not members of the Company’s management, formed for the purpose of, among other things, evaluating, and making a recommendation to the Company’s full board of directors with respect to the Transactions; provided that if such committee no longer exists, any determination required to be made under this Agreement by such committee, and any judgment required to be exercised by such committee shall be made or exercised by a majority of the then disinterested members of the Company’s board of directors.

Special Committee has the meaning set forth in the recitals to this Agreement.

Special Committee means a committee appointed by council at any time to deal with a specific issue(s) and exist for a length of time required to review the issue(s) and make recommendations to council.

Special Committee means a special committee of independent, disinterested directors of the Target that has been established to be responsible for, among other matters, evaluating the Transaction and negotiating the terms of the Transaction with the Consortium.