Actions by the Board. All decisions of the Board shall be made by majority vote. None of the following actions may be taken by Sonoma Brands, the Company or Viansa unless the Board has given its prior written consent: (i) Approval of the Annual Budget (defined in Section 3 below); (ii) Any capital expenditure by Viansa over $100,000; or (iii) enter into, amend or terminate any employment agreement or other employment arrangement with any senior management of Viansa.
Appears in 2 contracts
Sources: Management Agreement (Bespoke Capital Acquisition Corp), Management Agreement (Bespoke Capital Acquisition Corp)