Common use of Continuing Directors Clause in Contracts

Continuing Directors. Any person who, as of the date of determination, either (i) was a member of the Board as of the date of this Agreement or (ii) was nominated for election or elected to the Board with the affirmative vote of a majority of directors comprising the Board or, if applicable, the Nominating Committee of the Board, who were Continuing Directors immediately prior to such nomination or election.

Appears in 6 contracts

Sources: Employment Agreement (Penn National Gaming Inc), Employment Agreement (Penn National Gaming Inc), Employment Agreement (Penn National Gaming Inc)

Continuing Directors. Any person who, as As of the any date of determination, either any member of the Board of Directors of the Company who (ia) was a member of such Board of Directors on the Board as of the date of this Agreement Closing Date or (iib) was nominated for election or elected to the such Board of Directors with the affirmative vote approval of a the majority of directors comprising the Board or, if applicable, the Nominating Committee of the Board, Continuing Directors who were Continuing Directors immediately prior to members of such Board at the time of such nomination or election.

Appears in 1 contract

Sources: Revolving Credit and Term Loan Agreement (Holmes Group Inc)