CEO Search Process Clause Samples

CEO Search Process. The Board has formed a CEO Search Committee to work with an executive recruitment firm and oversee the recruitment of a permanent Chief Executive Officer (the “CEO Search Process”). Promptly following their appointment or election to the Board, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ shall be appointed to the CEO Search Committee. The Parties have entered into a confidentiality agreement regarding any non-public information to be received by ▇▇▇▇▇▇▇ in connection with the CEO Search Process, in the form attached hereto as Exhibit B, and shall cooperate in good faith to agree on further terms and conditions thereof as contemplated by such confidentiality agreement. The CEO Search Committee shall (a) keep ▇▇▇▇▇▇▇ reasonably informed regarding the CEO Search Process so that they can provide input and feedback to the CEO Search Committee, including keeping ▇▇▇▇▇▇▇ reasonably informed about key CEO candidates and material developments in the status of the CEO Search Process, (b) provide ▇▇▇▇▇▇▇ with an opportunity to meet any CEO candidates who are interviewed by a majority of the Board members (as shall be the case for all final round CEO candidates), and (c) provide ▇▇▇▇▇▇▇ with an opportunity to present its views to the CEO Search Committee for its consideration; provided, in each case, that in exercising its rights under this paragraph 10, the ▇▇▇▇▇▇▇ Parties shall not unreasonably delay or interfere with the CEO Search Process. It is expressly agreed that neither ▇▇▇▇▇▇▇ nor any directors nominated by ▇▇▇▇▇▇▇ shall have any veto, consent or special voting rights with respect to the CEO Search Process or the selection of a permanent Chief Executive Officer, which such selection shall be made by the Board. The CEO Search Committee shall include Mr. ▇▇▇▇▇ ▇▇▇▇▇▇ among the candidates to be considered to serve as a potential permanent Chief Executive Officer. From the date hereof until May 31, 2018, each of the ▇▇▇▇▇▇▇ Parties agrees that it shall, and shall cause its respective Affiliates and its and their respective principals, directors, members, general partners, officers and employees and agents, and representatives acting on their behalf, not to make or cause to be made any public statement or announcement (including in any document or report filed or furnished to the SEC or through the press, media, analysts or other Persons) regarding the CEO Search Process or the candidates under consideration.