Changes to the Board of Directors Sample Clauses

Changes to the Board of Directors. The Shareholders acknowledge that the composition of the Board of Directors shall be adjusted to reflect any Disposals of Restricted Securities by a Financial Sponsor Group that reduces the number of Ordinary Shares held, directly or indirectly, by such Financial Sponsor Group in accordance with Article 10.8 of the Articles, which provides as follows:
Sample 1
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Changes to the Board of Directors. On September 26, 2022, we announced that Xxxxx Xxxxxx notified us of his decision to resign from our board of directors and as a member of our nominating and corporate governance committee. Xx. Xxxxxx’x resignation will enable him to focus his time as a chief executive officer at another public company. Xx. Xxxxxx’x resignation will be effective as of October 15, 2022. Effective immediately following, and contingent upon, RJB’s funding and closing of its entire $56.5 million equity commitment under the RJB Private Placement Purchase Agreement described above, we have agreed to appoint Xxxx Xxxxxxxxx to our board of directors to serve as a Class III director until the expiration of the standstill period set forth in the purchase agreement. Xx. Xxxxxxxxx, age 37, has served as chief investment officer to Xx. Xxxxxxx since January 2022. From September 2013 to May 2022, Xx. Xxxxxxxxx was senior managing director and head of venture and growth investments at Serengeti Asset Management, an investment firm.
Sample 1

Related to Changes to the Board of Directors

  • Board of Directors The Board of Directors of the Company is comprised of the persons set forth under the heading of the Pricing Prospectus and the Prospectus captioned “Management.” The qualifications of the persons serving as board members and the overall composition of the board comply with the Exchange Act, the Exchange Act Regulations, the Xxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder (the “Xxxxxxxx-Xxxxx Act”) applicable to the Company and the listing rules of the Exchange. At least one member of the Audit Committee of the Board of Directors of the Company qualifies as an “audit committee financial expert,” as such term is defined under Regulation S-K and the listing rules of the Exchange. In addition, at least a majority of the persons serving on the Board of Directors qualify as “independent,” as defined under the listing rules of the Exchange.

  • Senior Management and Board of Directors 1. A Member State shall not require that a juridical person of that Member State appoint to senior management positions, natural persons of any particular nationality.

  • Leave, Board of Directors A nurse who is elected to the Board of Directors of the Ontario Nurses' Association, other than to the office of President, shall be granted upon request such leave(s) of absence as she or he may require to fulfill the duties of the position. Reasonable notice - sufficient to adequately allow the Hospital to minimize disruption of its services shall be given to the Hospital for such leave of absence. Notwithstanding Article 10.04, there shall be no loss of seniority or service for a nurse during such leave of absence. Leave of absence under this provision shall be in addition to the Union leave provided in Article 11.02

  • The Board 6.1 The appointment, dismissal and conduct of the Board shall be regulated in accordance with this agreement and the Articles.

  • Executive Committee (A) The Executive Committee shall be composed of not more than nine members who shall be selected by the Board of Directors from its own members and who shall hold office during the pleasure of the Board.

  • Determinations and Actions by the Board of Directors All actions, calculations and determinations (including all omissions with respect to the foregoing) which are done or made by the Board of Directors in good faith pursuant to this Agreement, shall not subject the Board of Directors to any liability to the holders of the Rights.

  • Management Board 6.1 The Management Board is responsible for the overall strategic direction of the Integrated Service. Its functions and terms of references are set out in Schedule 3 Part I to this Agreement.

  • Board “Board” means the Board of Directors of the Company.

  • Chairman of the Board The Chairman of the Board, if any, shall perform such duties as shall be assigned, and shall exercise such powers as may be granted to him or her by the Manager or the Board.

  • Executive Directors (a) The Executive Directors shall be responsible for the conduct of the general operations of the Bank, and for this purpose, shall exercise all the powers delegated to them by the Board of Governors.

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