Composition of the Board of Directors at the Closing. On or prior to the date of the Closing, (i) the Company’s board of directors (the “Board”) shall take (or has taken) all action necessary and appropriate (including by amending the bylaws of the Company, if necessary) to cause the number of directors on the Board to be increased by two and (ii) the Board shall appoint (1) Xxxxxxx X. Xxxxxxx as the initial CD&R Investor Designee and (2) Xxxxxxx Xxxxxxx as the initial KKR Investor Designee to the Board.
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Samples: Sysco Corporation Stockholders Agreement (Us Foods, Inc.), Sysco Corporation Stockholders Agreement (Sysco Corp)
Composition of the Board of Directors at the Closing. On or prior to the date of the Closinghereof, (i) the Company’s board of directors (the “Board”) shall take (or has taken) all action necessary and appropriate (including by amending the bylaws of the Company, if necessary) to cause the number of directors on the Board to be increased by two and (ii) the Board shall appoint (1) Xxxxxxx X. Xxxxxxx as the initial CD&R Investor Designee SP and (2) Xxxxxxx Xxxxxxx as the initial KKR Investor Designee Xxxxxx (“DM”) to the Board.
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Samples: Shareholders Agreement (Walgreen Co)
Composition of the Board of Directors at the Closing. On or prior to the date of the Closinghereof, (i) the Company’s board of directors (the “Board”) shall take (or has taken) all action necessary and appropriate (including by amending the bylaws of the Company, if necessary) to cause the number of directors on the Board to be increased by two and (ii) the Board shall appoint (1) Xxxxxxx X. Xxxxxxx as the initial CD&R Investor Designee SP and (2) Xxxxxxx Xxxxxxx as the initial KKR Investor Designee Xxxxxx (“DM”)1 to the Board.
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Composition of the Board of Directors at the Closing. On or prior to the date of the ClosingClosing Date, (i) the Company’s board of directors (the “Board”) shall take (or has taken) all action necessary and appropriate (including by amending the bylaws of the Company, if necessary) to cause the number of directors on the Board to be increased by two (2) and (ii) the Board shall appoint (1) Xxxxxxx X. Xxxxxxx as two individuals selected by the initial CD&R Investor Designee and (2) Xxxxxxx Xxxxxxx as the initial KKR Investor Designee to the BoardSponsors.
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