Composition of Initial Board. As of the Closing, the Board of Directors shall be comprised of seven (7) directors, the following five (5) of whom shall be deemed to have been designated by the LGP Stockholders (each, a “LGP Director”): Xxxx Xxxxxxxx, Xxxxxxx Xxxx, Xxxx Xxxxx, Xxxxxxxx Xxxxxxxx and Xxxx Xxxx. The foregoing directors shall be divided into three classes of directors, each of whose members shall serve for staggered three-year terms as follows:
Composition of Initial Board. As of the Closing, the Board of Directors shall be comprised of ten (10) directors, (i) the following three (3) of whom shall be deemed to have been designated by the CVC Stockholder (each, a “CVC Director”): Xxxxxxxxxxx X. Xxxxxxx, Xxxxxxx Xxxxxxxx and Xxxx Xxxxx; and (ii) the following three (3) of whom shall be deemed to have been designated by the LGP Stockholders (each, a “LGP Director”): Xxxxxxxx X. Xxxxxxx, J. Xxxxxxxxx Xxxxxxxx and Xxxxx Xxx. The foregoing directors shall be divided into three classes of directors, each of whose members shall serve for staggered three-year terms as follows:
Composition of Initial Board. As of the Effective Date, the Board of Directors shall be comprised of nine Directors, (i) three of whom shall be deemed to have been designated by the Essex Stockholders (the “Essex Directors”), (ii) two of whom shall be deemed to have been designated by the S+N Stockholders (each, a “S+N Director”), (iii) one of whom shall be the Company’s Chief Executive Officer and (iv) three of whom shall meet the requirements for an “independent director” under the rules applicable to The Nasdaq Global Market exchange and be deemed to have been designated by the Board of Directors (the “Independent Directors”). The initial Chairperson of the Board of Directors shall be Xxxxxxx X. Xxxxxxx III. The foregoing directors shall be divided into three classes of directors, each of whose members shall serve for staggered three-year terms as follows:
Composition of Initial Board. Prior to Closing, the Company and the Stockholders shall take all Necessary Action within their control to cause the Board to be comprised of seven (7) directors, (i) two (2) of whom shall be designated by TPG (each, a “TPG Director”); (ii) one (1) of whom shall be designated by Intel (an “Intel Director”), (iii) one (1) of whom shall be the Chief Executive Officer; and (iv) three (3) of whom shall be individuals designated by TPG, each of whom must qualify as an Independent Director of the Company (each, a “TPG Unaffiliated Director”). Further, subject to Section 3.1(b) and (c), each of TPG and Intel shall have the right to designate one additional TPG Director and Intel Director, respectively, and the Company and the Stockholders shall take all Necessary Action within their control to cause such director designees to be elected to the Board. The foregoing directors shall be divided into three (3) classes of directors, each of whose members shall serve for staggered three-year terms as follows:
Composition of Initial Board. As of the Effective Date, the Board of Directors shall be comprised of four Directors. The initial Directors shall be Xxxxxxx X. Xxxxxx, Xxxxx X. Xxxxxxxx, Xxxx X.
Composition of Initial Board. Prior to the Closing, the Sponsors shall take all Necessary Action to cause: (i) the Board, as of immediately following the Closing, to comprise the following nine (9) directors: Xxxxx X. Xxxxx, Xxxxxxxxx Xxxxxx, Xxxxx Xxxx, Xxxxx X. Xxxxxxx, Xxxxxxxxxxx X. Xxxxx, Xxxx X. Xxxxxxxxxx, Xxxxxxx X. Xxxxxx, Xx., Xxx X. Xxxx, and Xxxxxxx X. Xxxxxxxx and (ii) the Chairman of the Board, as of immediately following the Closing, to be Xxxxxxx X. Xxxxxx, Xx.
Composition of Initial Board. Prior to Closing, the Company and the Stockholders shall take all Necessary Action to cause the Board to be comprised of nine (9) directors, (i) five (5) of whom shall be designated by STORE Holding, (ii) one (1) of whom shall be the Chief Executive Officer and (iii) three (3) of whom shall be directors who meet the independence criteria set forth in Rule 10A-3 under the Exchange Act. The directors shall serve until the Company’s 2015 annual meeting of stockholders at which directors are elected and until their successors are duly elected and qualify. For the avoidance of doubt, this Section 3.1(a) is applicable solely to the initial composition of the Board following the IPO.
Composition of Initial Board. As of the Effective Date, the Board of Directors shall be comprised of 10 Directors. The initial Directors shall be as set forth below and divided into three classes of directors, each of whose members shall serve for staggered three-year terms as follows:
Composition of Initial Board. Prior to Closing, the Company and the Stockholders shall take all Necessary Action to cause the Board to be comprised of nine directors, (i) two of whom shall be designated by the WTM Investor (each, a “WTM Director”), (ii) two of whom shall be designated by the Insignia Investor (each, an “Insignia Director”), (iii) two of whom shall be designated jointly by the Founder Investor (each, a “Founder Director”) and (iv) three of whom shall be a director who meets the independence criteria set forth in Rule 10A-3 under the Exchange Act (each, an “Unaffiliated Director”). The foregoing directors shall be divided into three classes of directors, each of whose members shall serve for staggered three-year terms as follows:
Composition of Initial Board. Prior to the Closing, the Parties shall take all Necessary Action to cause: (i) the Board, as of immediately following the Closing, to be comprised of the following nine (9) directors: Xxxx Xxxxxxxxxxxx, Xxxxx X. Xxxxx, Xxxxxx X. Xxxxxxx, Xxxxxxxx X. Xxxxx, Xxxxxx X. XxXxxxxx, Xxxx Xxxxxxxx, Xxxxxx Xxxxx, Xxxxxxx Xxxxxxx and Xxxxx X. Xxxxxxx and (ii) the Chairman of the Board, as of immediately following the Closing, to be Xxxxx X.
