Common use of ARSENAL CHAIRMAN Clause in Contracts

ARSENAL CHAIRMAN. 4.1 During the Arsenal Non-Executive Chairman Term (as defined below), (x) except as set forth in the second sentence of Section 4.2 below, the Chairman of Arsenal shall be a newly created position of non-executive Chairman of the Arsenal Board (the Arsenal Chairman) and (y) the positions of the Arsenal Chairman (or Chairman of the Arsenal Board, as the case may be) and the Chief Executive Officer of Arsenal shall be held by different persons. Arsenal shall take such actions as are necessary so as to amend the Bylaws of Arsenal to give immediate effect to the foregoing.

Appears in 5 contracts

Samples: Relationship Agreement (Allscripts-Misys Healthcare Solutions, Inc.), Relationship Agreement (Misys PLC), Relationship Agreement (Allscripts-Misys Healthcare Solutions, Inc.)

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