Continuing Directors
Continuing Directors. Means members of the Board who either (i) have been Board members continuously for a period of at least thirty-six (36) months or (ii) have been Board members for less than thirty-six (36) months and were elected or nominated for election as Board members by at least a majority of the Board members described in clause (i) who were still in office at the time such election or nomination was approved by the Board.
Found in
EVERI PAYMENTS INC. contract
Continuing Directors. Means, as of any date of determination, any member of the Board who: (i) was a member of the Board on the Effective Date; or (ii) was nominated for election or elected to the Board with the approval of a majority of the Continuing Directors who were members of the Board at the time of such nomination or election.
Found in
Laredo Petroleum, Inc. contract
Continuing Directors. Means individuals who constituted the Board of Directors of the Company on the date hereof (the "Incumbent Directors"); provided that any individual becoming a director during any year shall be considered to be an Incumbent Director if such individual's election, appointment or nomination was recommended or approved by at least two-thirds of the other Incumbent Directors continuing in office following such election, appointment or nomination present, in person or by telephone, at any meeting of...
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WINSTAR COMMUNICATIONS INC contract
Continuing Directors. Shall mean the directors of the Company in office on the Effective Date and any successor to any such director and any additional director who after the Effective Date (i) was nominated or selected by a majority of the Continuing Directors in office at the time of his or her nomination or selection and (ii) who is not an "affiliate" or "associate" (as defined in Regulation 12B promulgated under the Exchange Act) of any person who is the beneficial owner, directly or indirectly, of securities...
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MEDIVATION, INC. contract
Continuing Directors. Means, as of any date of determination, any member of the Board who (i) was a member of the Board on the date hereof, or (ii) was nominated for election or elected to such Board with, or whose election to the Board was approved by, the affirmative vote of a majority of the Continuing Directors who were members of such Board at the time of such nomination or election.
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AMERICAN LOCKER GROUP INC contract
Continuing Directors. Means, during a period of two consecutive years, not including any period prior to the execution of this Agreement, the individuals collectively who, at the beginning of such period, constituted the Board (including for this purpose any new directors whose election by the Board or nomination for election by the Company's stockholders was approved by a vote of at least two-thirds (2/3) of the directors then still in office who either were directors at the beginning of the period or whose...
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HARBOR DIVERSIFIED, INC. contract
Continuing Directors. Means, as of any date of determination, any member of the Board who: (a) was a member of the Board on April 1, 1998 or June 30, 1999; or (b) was nominated for election or elected to the Board with the approval of a majority of the Continuing Directors who were members of the Board at the time of such nomination or election;
Found in
Six Flags contract
Continuing Directors. As of any date of determination, any member of the Board of Directors who: 1) was a member of such Board of Directors on the first date that any of the Notes were issued; or 3 2) was nominated for election or elected to the Board of Directors with the approval of a majority of the Continuing Directors who were members of the Board at the time of such nomination or election.
Found in
Olin Corporation contract
Continuing Directors. Shall mean the directors of ADAP in office on January 1, 1999 and any successor to any such director whose nomination or selection was approved by a majority of the directors in office at the time of the director's nomination or selection and who is not an "affiliate" or "associate" (as defined in Rule 12b-2 under the Securities Exchange Act of 1934, as amended) of any person who is the beneficial owner, directly or indirectly (including by holding securities which are exercisable for or...
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AB LIQUIDATING CORP contract
Continuing Directors. Shall mean the original members of the Board pursuant to the Plan and any successor to any such director and any additional director who after the Effective Date was nominated or selected by a majority of the Continuing Directors in office at the time of his or her nomination or selection.
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