Qualifying share

Qualifying share

Shares of common stock that a person must hold in order to qualify as a director of the issuing corporation.

Qualifying Share

A common share one must own in order to become eligible for the company's board of directors. It is important to note that qualifying shares are not, in themselves, different from other common shares.
References in periodicals archive ?
Lawyer Rico Quicho, Binay's spokesman for political affairs, said that based on the Articles of PHEI), the joint venture company Binay "held only one qualifying share in the company for the sole purpose of representing the City of Makati in the board of directors of the firm.
Before this blank, they had not drawn a single match since John Toshack's Class of October 2007 grabbed a 0-0 European Championship qualifying share of the spoils against Germany in Frankfurt.
The bonus dividend was based on dividends earned on qualifying share accounts and/or interest paid on applicable loans in 2006.
MIRROR MONEY ADVICE: To qualify you must have been the sole or first named joint-holder of a qualifying share account with a total balance of at least pounds 100, or owed at least pounds 100 on a mortgage or secured loan account at midnight on November 25, 1994 and December 31, 1996 and must have remained so until June 2, 1997.
The designation is accomplished by entering the numbers of the qualifying share certificates on the corporation's records.
Enacted on July 1, 1992 in Bermuda, the Companies Amendment Act eliminates the qualifying share provision affecting directors and results in a number of technical changes that may affect captive insurance companies organized in Bermuda.
The spokesman had said Binay only held one qualifying share in the company for the sole purpose of representing the City of Makati in the board of directors of the company.
Rico Quicho, Binay's spokesperson for political concerns, said the Vice President held only one qualifying share in the Philippine Healthcare Educators Inc.
Contract notice: Map 500 000 Additional Training - Qualifying Shares - Regional Training Program Aquitaine Limousin Poitou-Charentes