Board Change

Example Definitions of "Board Change"
Board Change. Means, during any period of two consecutive years, individuals who at the beginning of such period constituted the entire Board cease for any reason to constitute a majority thereof unless the election, or the nomination for election, of each new director was approved by a vote of at least two-thirds of the Trustees then still in office who were Trustees at the beginning of the period.
Board Change. Means, during During any period of two consecutive years, individuals who at the beginning of such period constituted the entire Board cease ceased for any reason to constitute a majority thereof unless the election, or the nomination for election, election by the Company's stockholders, of each new director was approved by a vote of at least two-thirds of the Trustees directors then still in office who were Trustees directors at the beginning of the period.
View Variations
All Definitions