Qualifying Director

Qualifying Director. A Person who is, with respect to actions intended to obtain an exemption from Section 16(b) of the Exchange Act pursuant to Rule 16b-3 under the Exchange Act, a non-employee director within the meaning of Rule 16b-3 under the Exchange Act

Qualifying Director. A person who is (i) with respect to actions intended to obtain an exemption from Section 16(b) of the Exchange Act pursuant to Rule 16b-3 under the Exchange Act, a 'non-employee director' within the meaning of Rule l6b-3 under the Exchange Act, and (ii) with respect to actions intended to obtain the exception for performance-based compensation under Section 162(m) of the Code, an 'outside director' within the meaning of Section 162(m) of the Code

Qualifying Director. Means a person who (i) is serving as a director of the Company at the close of business on the date of a 'Qualifying Annual Meeting,' or is elected as a director of the Company after each such date and before the next following annual meeting of shareholders of the Company and is designated by the Board of Directors to participate in the Plan and (ii) has been designated by the Board of Directors as an 'independent director' as determined for purposes of Article III, Section 3 of the Bylaws of... the Company as from time to time in effect or, although not so designated, is not an officer or employee of the Company or any subsidiary of the Company and does not otherwise participate in the management of the Company and has been designated by the Board of Directors to participate in the Plan. View More

Qualifying Director. Means a Director who is (i) a "non-employee director" within the meaning of Rule 16b-3 under the Exchange Act and (b) "independent" under the listing standards or rules of the securities exchange upon which the Common Stock is traded, but only to the extent such independence is required in order to take the action at issue pursuant to such standards or rule.