Incumbent Board Definition Example with 4 Variations

This page contains an example definition of Incumbent Board, followed by definitions with minor variations. You can view the differences between the example and variations by selecting the "Show Differences" option.
Incumbent Board. Shall mean individuals who constitute the Board as of the Effective Date and any other individual who becomes a director of the Company after that date and whose election or appointment by the Board or nomination for election by the Company's stockholders was approved by a vote of at least a majority of the directors then comprising the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election... contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Incumbent Board. View More Arrow
Found in LYRIS, INC. contract

Variations

Incumbent Board. Shall shall mean individuals who constitute the Board as of the Effective Date and date of the Agreement Date, provided, however, that any other individual who becomes a director of after the Company after that date and Agreement Date whose election or appointment by the Board or nomination for election by the Company's stockholders was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered a member of the Incumbent Board, but... excluding, for this purpose, any unless such individual whose individual's initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Incumbent Board. View More Arrow
Found in Cal Dive International, Inc. contract
Incumbent Board. Shall mean means the portion of the Board constituted of the individuals who constitute are members of the Board as of the Effective Date Date, and any other individual who becomes a director of the Company after that date the Effective Date and whose election or appointment by the Board or nomination for election by the Company's stockholders was approved by a vote of at least a majority of the directors then comprising the Incumbent Board, but excluding, for this purpose, any such individual... whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Incumbent Board. View More Arrow
Found in Rules-Based Medicine Inc contract
Incumbent Board. Shall mean individuals who cease for any reason to constitute the Board as at least a majority of the Effective Date and Board; provided, however, that any other individual who becomes becoming a director of subsequent to the Company after that date and hereof whose election or appointment by the Board election, or nomination for election by the Company's stockholders shareholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be... considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Incumbent Board. Board; or View More Arrow
Found in Merit Medical Systems, Inc. contract
Incumbent Board. Shall shall mean those individuals who who, as of the date hereof, constitute the Board as of the Effective Date and Directors; provided, however, that any other individual who becomes a director of subsequent to the Company after that date and hereof whose election or appointment by the Board election, or nomination for election by the Company's stockholders stockholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as... though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of either an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board of Directors. For the avoidance of doubt, the Investor Nominee shall not be a member of the Incumbent Board. View More Arrow
Found in LAYNE CHRISTENSEN CO contract
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