Sentence examples for directors terms from inspiring English sources
In London the qualifications fee for a vote was doubled, and the directors' terms were extended from one to four years, with a year's gap before reelection.
We hold that because the January Bylaw prematurely terminates the Airgas directors' terms, conferred by the charter and the statute, by eight months, the January Bylaw is invalid.
We conclude, as did the Court of Chancery, that the Airgas charter language defining the duration of directors' terms is ambiguous.
The story of formal representation of the public on ICANN's board effectively drew to a close on December 15 , 2002as the elected directors' terms ended and the by-laws changed to end the experiment.
But leaders of the writers' guilds and of the allied Screen Actors Guild have cautioned against knee-jerk acceptance of the directors' terms, which, among other things, pegged the residual for electronic downloads of films and television shows at roughly double the rate paid when programming is distributed on DVD.
We therefore look to extrinsic evidence to interpret the intent of the charter language which provides that directors' terms expire at "the annual meeting of stockholders held in the third year following the year of their election". We find that the language has been understood to mean that the Airgas directors serve three year terms.
In substance, the January Bylaw so extremely truncates the directors' term as to constitute a de facto removal that is inconsistent with the Airgas Charter.
As early as 1917, commentators understood that the staggered board provision contemplates three year director terms.
Dimon told me what he thought it would take to get Congress to confirm a director, terms that included gutting the agency's power to regulate banks like his.
Establish director term limits or stop considering long-tenured directors to be independent.
Doug Allen, the association's assistant executive director, termed "premature" Schroy's statements that no Jet would want to replace Buttle.
