Board Operations. The Corporation agrees and undertakes that, so long as the Investor meets the Minimum Qualification Threshold:
Board Operations. All meetings and business of the Charter School Board will comply with the Minnesota Government Data Practices Act, Minnesota Statutes Chapter 13 and the Minnesota Open Meeting Law, Minnesota Statutes Chapter 13D.
Board Operations. The Company agrees and undertakes that, so long as the Investor both owns in the aggregate 10% or more of the issued and outstanding Common Shares on a partially diluted basis, assuming the exercise, in full, of the Warrants, and has a Board Designee appointed to the Board:
Board Operations. (a) All notices of Board meetings shall be delivered by hand or transmitted by facsimile or e- mail at least five (5) Business Days prior to the date of the Board meeting. However, emergency Board meetings may be called by the Chair of the Board in the case of a situation involving matters upon which prompt action is deemed necessary by giving notice at least two (2) Business Days prior to the date of such Board meeting (unless less notice is required in the circumstances). All notices of Board meetings shall specify the time, date and place of the Board meeting and contain a brief but complete summary of all business on the agenda of the Board meeting.
Board Operations. (a) Effective January 2, 2017 all Company directors except Xxx Xxxxxxx will resign their positions as Board members of the Company. Mr. Aliksanyan will secure such resignations and in the event that they are not secured, the Executive shall have the right to terminate this Agreement.
Board Operations. Any action taken by the Board of Directors shall require the affirmative approval of a majority of the directors at a meeting at which there exists a quorum. Notwithstanding anything to the contrary, any action taken by the Board of Directors on any matter shall require (x) at least fifty percent (50%) of the directors present and voting in favor of such action to be Grodan Directors and (y) for so long as ADI holds 51% of the Aggregate Voting Power, at least fifty percent (50%) of the directors present and voting in favor of such action to be ADI Directors. In addition to the foregoing, the following matters must be approved by the ADI Directors who are present at the meeting:
Board Operations. The Corporation agrees and undertakes that, so long as the Investor, together with its Affiliates, owns in the aggregate 10% or more of the issued and outstanding Common Shares (including, without limitation, all Common Shares issuable upon the conversion of the Notes) on a Fully Diluted Basis:
Board Operations. Both current boards use Policy Governance, and have policy registers that guide the work of the GM and of the Board. The current administrative team has been working under and monitoring policies from both boards since April 2020; the policy registers are very similar with no major conflicts between them. Upon merger, it will be the work of the board to audit all policies to ensure that the best policy register is incorporated into use.
