Document ID: 2194

Text:
| (i)| A change in the composition of the Board of the Company occurring within a rolling two-year period commencing on the Commencement Date and each annual anniversary thereafter, as a result of which fewer than a majority of the directors are Incumbent Directors. Incumbent Directors refers to the persons who were directors of either the Bank or the Company immediately before the beginning of such two-year period commencing on the Commencement Date; provided that any director who was not a director as of the Commencement Date shall be deemed to be an Incumbent Director if that director was elected to such board of directors by, or on the recommendation of or with the approval of, at least two-thirds(2/3) of the directors who then qualified as Incumbent Directors; and provided further that no director whose initial assumption of office is in connection with an actual or threatened election contest (relating to the election of directors) shall be deemed to be an Incumbent Director; ---|---|---

Named Entities:
130
137
Ratio

Tokenized Text:
|
(
i
)
|
A
change
in
the
composition
of
the
Board
of
the
Company
occurring
within
a
rolling
two
-
year
period
commencing
on
the
Commencement
Date
and
each
annual
anniversary
thereafter
,
as
a
result
of
which
fewer
than
a
majority
of
the
directors
are
Incumbent
Directors
.
Incumbent
Directors
refers
to
the
persons
who
were
directors
of
either
the
Bank
or
the
Company
immediately
before
the
beginning
of
such
two
-
year
period
commencing
on
the
Commencement
Date
;
provided
that
any
director
who
was
not
a
director
as
of
the
Commencement
Date
shall
be
deemed
to
be
an
Incumbent
Director
if
that
director
was
elected
to
such
board
of
directors
by
,
or
on
the
recommendation
of
or
with
the
approval
of
,
at
least
two
-
thirds
(
2
/
3
)
of
the
directors
who
then
qualified
as
Incumbent
Directors
;
and
provided
further
that
no
director
whose
initial
assumption
of
office
is
in
connection
with
an
actual
or
threatened
election
contest
(
relating
to
the
election
of
directors
)
shall
be
deemed
to
be
an
Incumbent
Director
;
-
-
-
|
-
-
-
|
-
-
-