Confirmation and reappointment of the Chief Executive Officer. To preserve the independence of YNAP's management and the joint businesses of the two companies participating to the Merger, Richemont agreed that it is in the interest of the Parties that the incumbent Chief Executive Officer of YNAP, Xxxxxxxx Xxxxxxxxx (the “CEO”), be reappointed for the period from the Effective Date of the Merger until the date of the Shareholders' Meeting of the Company called to approve the financial statements for the year ended 31 December 2017 (the “First Term”), maintaining the current delegation of powers to manage all of YNAP's businesses. To this end, pursuant to the Shareholders' Agreement, when the First Term expires, RH undertook to perform (and Richemont undertook to procure that RH performs) to the following:
Appears in 5 contracts
Samples: Shareholders' Agreement, cdn3.yoox.biz, cdn3.yoox.biz
