Continuing Directors definition: Copy, customize, and use instantly
Introduction
The term "Continuing Directors" typically refers to directors of a corporation who remain in office after a significant event, such as a change in control or a corporate transaction. The term is often used in legal documents to specify the individuals who retain their positions and powers following such events, ensuring the continuity of leadership and decision-making.
Below are various examples of how "Continuing Directors" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Continuing Directors" in a Change of Control Context
This definition ties "Continuing Directors" to a change of control event.
"Continuing Directors" means those directors of the company who are members of the board at the time of the change of control and who continue to serve as directors after the change of control event, without the appointment of any new directors by the acquirer.
Definition of "Continuing Directors" for Board Approval
This definition connects "Continuing Directors" to board approval requirements.
"Continuing Directors" refers to those members of the board who have been serving on the board continuously for at least one year prior to the approval of any significant transaction or corporate action, ensuring continuity in decision-making.
Definition of "Continuing Directors" in a Merger
This definition links "Continuing Directors" to the context of a merger.
"Continuing Directors" means those directors of the corporation who remain in office after the merger and continue to hold their positions unless otherwise replaced in accordance with the merger agreement.
Definition of "Continuing Directors" in a Board Composition
This definition applies "Continuing Directors" to board composition.
"Continuing Directors" refers to those directors who remain in office following a board restructuring or change in control, ensuring the preservation of board composition and continuity in governance.
Definition of "Continuing Directors" in an Acquisition
This definition ties "Continuing Directors" to an acquisition context.
"Continuing Directors" means the members of the board who continue in their roles following an acquisition, ensuring a smooth transition of leadership post-acquisition.
Definition of "Continuing Directors" for Corporate Governance
This definition connects "Continuing Directors" to corporate governance standards.
"Continuing Directors" refers to directors who, after any event that could potentially change the board's structure or control, retain their positions in order to ensure stable governance practices and continuity in corporate oversight.
Definition of "Continuing Directors" for Voting Rights
This definition links "Continuing Directors" to voting rights in a transaction.
"Continuing Directors" means those directors who maintain their voting rights and authority following an event such as a takeover or merger, ensuring the board retains control over certain decisions during the transition period.
Definition of "Continuing Directors" for Emergency Situations
This definition applies "Continuing Directors" to emergency governance situations.
"Continuing Directors" refers to the directors who remain in office during a corporate emergency, such as financial distress or management issues, in order to maintain governance and decision-making continuity.
Definition of "Continuing Directors" for Terms of Office
This definition ties "Continuing Directors" to the terms of office.
"Continuing Directors" means the directors who remain in office after an event of change in control or corporate restructuring, and whose terms of office are not affected by the event, maintaining their original terms as specified by the company’s governing documents.
Definition of "Continuing Directors" for Stockholder Approval
This definition connects "Continuing Directors" to stockholder approval processes.
"Continuing Directors" refers to the directors who continue in their positions following a transaction that requires stockholder approval, ensuring that key members of the board retain their roles to maintain stability in governance during the transition.
Definition of "Continuing Directors" in a Board Resignation Context
This definition links "Continuing Directors" to the context of board resignation.
"Continuing Directors" means the directors who remain on the board after the resignation of one or more directors, ensuring the board's stability and decision-making capacity during a period of transition.
Definition of "Continuing Directors" for Independent Oversight
This definition applies "Continuing Directors" to the role of independent oversight.
"Continuing Directors" refers to those directors who remain in office after a control change and who continue to provide independent oversight of the company’s operations, ensuring that no conflicts of interest affect the company’s governance.
Definition of "Continuing Directors" for Terms of Agreement
This definition ties "Continuing Directors" to the terms outlined in agreements.
"Continuing Directors" means those directors of the company who continue to serve in their roles following any significant corporate event, as specifically defined in the applicable agreement, ensuring compliance with the agreement’s terms.
Definition of "Continuing Directors" for Dividend Distributions
This definition connects "Continuing Directors" to decisions regarding dividend distributions.
"Continuing Directors" refers to the directors who remain on the board after a significant corporate transaction, and who continue to make decisions regarding dividend distributions and other shareholder-related matters.
Definition of "Continuing Directors" for Executive Compensation Plans
This definition links "Continuing Directors" to executive compensation.
"Continuing Directors" means those members of the board who retain their roles after a change of control, with the authority to make decisions regarding executive compensation and benefits in accordance with the company’s policies.
Definition of "Continuing Directors" for Financial Transactions
This definition applies "Continuing Directors" to financial transactions.
"Continuing Directors" refers to those directors who continue to hold their positions following a change in ownership or control, maintaining the authority to oversee and approve major financial transactions of the company.
Definition of "Continuing Directors" in the Context of Legislation
This definition ties "Continuing Directors" to compliance with legislation.
"Continuing Directors" means those directors who remain in office after an event of change, ensuring the company complies with applicable corporate governance and legislative requirements.
Definition of "Continuing Directors" for Strategic Decisions
This definition connects "Continuing Directors" to strategic decision-making.
"Continuing Directors" refers to those directors who continue to guide the company’s strategic decisions after a major transaction, ensuring that the company’s direction remains consistent with its long-term goals.
Definition of "Continuing Directors" for Equity Holder Approval
This definition links "Continuing Directors" to equity holder approval rights.
"Continuing Directors" means the directors who continue in office after a change of control, holding authority over certain corporate decisions that require approval from equity holders or stockholders.
Definition of "Continuing Directors" for Integration Planning
This definition applies "Continuing Directors" to post-transaction integration planning.
"Continuing Directors" refers to those directors who remain after a merger or acquisition and continue to lead integration efforts, ensuring that post-transaction processes are executed smoothly and effectively.
Definition of "Continuing Directors" for Legal Compliance
This definition ties "Continuing Directors" to ensuring legal compliance.
"Continuing Directors" means the directors who retain their positions after a control change and are responsible for ensuring that the company remains in compliance with all applicable laws and regulations.
Definition of "Continuing Directors" for Corporate Restructuring
This definition connects "Continuing Directors" to corporate restructuring processes.
"Continuing Directors" refers to the members of the board who continue in office after a corporate restructuring, with their roles and responsibilities unaffected by the restructuring event.
Definition of "Continuing Directors" for Key Person Provisions
This definition links "Continuing Directors" to key person provisions.
"Continuing Directors" means those directors who remain in office following a significant event and continue to fulfill the key person requirements specified in the company’s contracts or agreements.
Definition of "Continuing Directors" for Board Committees
This definition applies "Continuing Directors" to board committees.
"Continuing Directors" refers to those directors who remain on the board after an event and continue to serve on various board committees, ensuring that key committees retain their functionality.
Definition of "Continuing Directors" for Special Transactions
This definition ties "Continuing Directors" to special transactions.
"Continuing Directors" means those directors who retain their positions after a special transaction, such as a sale or merger, and are empowered to make decisions related to the transaction.
Definition of "Continuing Directors" for Oversight of Operations
This definition connects "Continuing Directors" to oversight of company operations.
"Continuing Directors" refers to those directors who remain in office after a significant event, with ongoing responsibility for overseeing and managing the company’s operations.
Definition of "Continuing Directors" for Corporate Reporting
This definition links "Continuing Directors" to reporting responsibilities.
"Continuing Directors" means those directors who remain on the board following an event and continue to hold responsibility for the accuracy and timeliness of the company’s financial and operational reporting.
Definition of "Continuing Directors" for Stockholder Rights
This definition applies "Continuing Directors" to stockholder rights.
"Continuing Directors" refers to those directors who remain on the board after a change in control and retain authority over decisions that affect stockholder rights and privileges.
Definition of "Continuing Directors" for Board Leadership
This definition ties "Continuing Directors" to leadership in the board.
"Continuing Directors" means those directors who continue to serve as leaders within the board of directors, providing stability and continuity in governance during a transition period.
Definition of "Continuing Directors" for Management Continuity
This definition ties "Continuing Directors" to ensuring continuity in management.
"Continuing Directors" refers to those directors who remain on the board following a corporate restructuring or change of control, providing continuity in the company’s management and decision-making process.
Definition of "Continuing Directors" for Regulatory Compliance
This definition connects "Continuing Directors" to regulatory compliance.
"Continuing Directors" means the directors who continue in office after a corporate event, maintaining the company’s compliance with regulatory requirements and legal obligations.
Definition of "Continuing Directors" for Shareholder Meetings
This definition links "Continuing Directors" to shareholder meetings.
"Continuing Directors" refers to the directors who continue to serve on the board after a change in control and retain their roles in overseeing the company during shareholder meetings and important votes.
Definition of "Continuing Directors" for Executive Oversight
This definition applies "Continuing Directors" to executive oversight.
"Continuing Directors" means those directors who remain on the board following a significant corporate event and continue to provide oversight of the company’s executive leadership.
Definition of "Continuing Directors" for Governance Decisions
This definition ties "Continuing Directors" to governance decisions.
"Continuing Directors" refers to the directors who remain on the board after a major transaction and continue to hold decision-making authority over governance matters, ensuring the board’s integrity.
Definition of "Continuing Directors" for Financial Reporting
This definition connects "Continuing Directors" to financial reporting responsibilities.
"Continuing Directors" means the directors who remain in office following a control change, continuing their responsibility for the company's financial reporting and ensuring transparency to stakeholders.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.