Common use of Board Composition and Board Designations Clause in Contracts

Board Composition and Board Designations. For a period of five years from the Effective Date, the Company shall ensure that (i) the qualifications of the persons serving as board members and the overall composition of the board comply with the Sxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder and with the listing requirements of the Nasdaq or any other national securities exchange or national securities association (as the case may be in the event the Company seeks to have its Public Securities listed on another exchange or quoted on an automated quotation system), and (ii) if applicable, at least one member of the board of directors qualifies as a “financial expert” as such term is defined under the Sxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder.

Board Composition and Board Designations. For a period of five years from the Effective Date, the Company shall ensure that (i) the qualifications of the persons serving as board members and the overall composition of the board comply with the Sxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder and with the listing requirements of the Nasdaq Nadaq or any other national securities exchange or national securities association (as the case may be in the event the Company seeks to have its Public Securities listed on another exchange or quoted on an automated quotation system), and (ii) if applicable, at least one member of the board of directors qualifies as a “financial expert” as such term is defined under the Sxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder.

Board Composition and Board Designations. For a period of five years from the Effective Date, the Company shall ensure that (i) the qualifications of the persons serving as board members and the overall composition of the board comply with the Sxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder and with the listing requirements of the Nasdaq AMEX or any other national securities exchange or national securities association (as the case may be in the event the Company seeks to have its Public Securities listed on another exchange or quoted on an automated quotation system), and (ii) if applicable, at least one member of the board of directors qualifies as a “financial expert” as such term is defined under the Sxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder.

Board Composition and Board Designations. For a period of five years from the Effective Date, the Company shall ensure that (i) the qualifications of the persons serving as board members and the overall composition of the board comply with the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder and with the listing requirements of the Nasdaq Nasdaq, AMEX or any other national securities exchange or national securities association (as the case may be in the event the Company seeks to have its Public Securities listed on another exchange or quoted on an automated quotation system), and (ii) if applicable, at least one member of the board of directors qualifies as a “financial expert” as such term is defined under the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder.

Board Composition and Board Designations. For a period of five years from the Effective Date, the Company shall ensure that (i) the qualifications of the persons serving as board members and the overall composition of the board comply with the Sxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder and with the listing requirements of the AMEX, Nasdaq or any other national securities exchange or national securities association (association, as the case may be be, in the event the Company seeks to have its Public Securities listed on another exchange or quoted on an automated quotation system), and (ii) if applicable, at least one member of the board of directors qualifies as a “financial expert” as such term is defined under the Sxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder.

Board Composition and Board Designations. For a period of five years from the Effective Date, the Company shall ensure that (i) the qualifications of the persons serving as board members and the overall composition of the board comply with the Sxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder and with the listing requirements of the Nasdaq or any other national securities exchange or national securities association (as the case may be in the event the Company seeks to have its Public Securities listed on another exchange or quoted on an automated quotation system), and (ii) if applicable, at least one member of the board of directors qualifies as a “financial expert” as such term is defined under the Sxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunderthereunder [need to check if this is AMEX requirement].

Board Composition and Board Designations. For a period of five years from the Effective Date, the Company shall ensure that (i) the qualifications of the persons serving as board members and the overall composition of the board comply with the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder and with the listing requirements of the Nasdaq or any other national securities exchange or national securities association (as the case may be in the event the Company seeks to have its Public Securities listed on another exchange or quoted on an automated quotation system), and (ii) if applicable, at least one member of the board of directors qualifies as a “financial expert” as such term is defined under the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder.

Board Composition and Board Designations. For a period of five (5) years from the Effective Date, the Company shall ensure that (i) the qualifications of the persons serving as board members and the overall composition of the board comply with the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder and with the listing requirements of the AMEX, Nasdaq or any other national securities exchange or national securities association (association, as the case may be be, in the event the Company seeks to have its Public Securities listed on another exchange or quoted on an automated quotation system), and (ii) if applicable, at least one member of the board of directors qualifies as a “"financial expert” " as such term is defined under the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder.