Continuing Directors

Continuing Directors. Means individuals who, with respect to any 12-month period, constitute the Board and any new Director (other than a Director whose initial assumption of office is in connection with an actual or threatened election contest relating to the election of Directors or as a result of any other actual or threatened solicitation of proxies by or on behalf of any Person other than the Board) whose appointment or election by the Board or nomination for election by the Company's stockholders was approved... by a vote of at least two-thirds of the Directors then on the Board (either by a specific vote or by approval of the proxy statement of the Company in which that individual is named as a nominee for Director without objection to the nomination) who either were Directors on the Effective Date or whose appointment, election or nomination for election was previously so approved or recommended; View More

Continuing Directors. Mean individuals who at the beginning of any period (not including any period prior to the Effective Date) of one year constitute the Board and any new members of the Board whose 2 election by the Board or nomination for election by the Company's shareholders was approved by a vote of at least a majority of the members of the Board then still in office who either were members of the Board at the beginning of the period or whose election or nomination for election was previously so... approved. View More

Continuing Directors. Means directors who were directors of the Corporation as of the date hereof or who are appointed, elected or nominated to the board in accordance with the following sentence. It being understood that any person becoming a member of the board subsequent to the date hereof whose appointment was approved by a vote of at least a majority of the Continuing Directors remaining in office at the time of appointment or whose election or nomination for election by the ... Corporation's stockholders was approved by a vote of at least a majority of the Continuing Directors remaining in office at the time of election or nomination shall be, for purposes of this Agreement, considered as though such person were a Continuing Director on the date hereof. View More

Continuing Directors. Means directors who were directors of the Corporation at the beginning of the 12-month period ending on the date the determination is made or whose election, or nomination for election by the Corporation's stockholders, was approved by at least a majority of the directors who are in office at the time of the election or nomination and who either (i) were directors at the beginning of the period, or (ii) were elected, or nominated for election, by at ... least a majority of the directors who were in office at the time of the election or nomination and were directors at the beginning of the period. View More

Continuing Directors. Means: (i) individuals who, on the date of this Agreement, are directors of the Company; (ii) individuals elected as directors of the Company subsequent to the date hereof for whose election proxies shall have been solicited by the Board; and (iii) any individual elected or appointed by the Board to fill vacancies on the Board caused by death or resignation (but not by removal) or to fill newly-created directorships; provided, however, that a Continuing Director shall not include a director... whose initial assumption of office is in connection with an actual or threatened election contest, including, but not limited to, a consent solicitation, relating to the election of directors of the Company. View More

Continuing Directors. Means, during any two-year period, the Directors still in office who either were Directors at the beginning of the two-year period or who were Directors elected to the Board and whose election or nomination was approved by a vote of at least two-thirds of the Directors then still in office who were Directors at the beginning of the two-year period or whose election to the Board was previously so approved.

Continuing Directors. For any period of two consecutive years shall mean (i) any individuals who, at the beginning of such period, constitute the Board of Directors of either Holding Company or Bank, and (ii) any individuals whose election or nomination for election as directors of the Board were approved by a vote of at least two-thirds of the individuals described in clause (i) above then in office, provided that such an individual designated as a director by a Person who has entered into an agreement with Holding... Company or Bank to effect a transaction described in subsections (I), (II), (III), (V) or (VI) of section (D) of this Article shall not be a Continuing Director. View More

Continuing Directors. Are defined as the directors of the Company as of the date of this Agreement, and any person who subsequently becomes a director if such person is appointed to be a director by a majority of the Continuing Directors or if such person's initial nomination for election or initial election as a director is recommended or approved by a majority of the Continuing Directors; provided, however, that no director shall be considered a Continuing Director if such individual initially assumed office as a... director as a result of either an actual or threatened "Election Contest" (as described in Rule 14a-11 of the Exchange Act) or other actual or threatened solicitation of proxies or consents by or on behalf of a person other than the Board (a "Proxy Contest"), including by reason of any agreement intended to avoid or settle any Election Contest or Proxy Contest. View More

Continuing Directors. The persons named in Schedule 2 as continuing directors following Completion;

Continuing Directors. As of any date of determination, any member of the Board of Directors of Cellu Tissue who: (1) was a member of such Board of Directors on the First Amendment Effective Date; or (2) was nominated for election or elected to such Board of Directors with the approval of a majority of the Continuing Directors who were members of such Board of Directors at the time of such nomination or election.