CORPORATE GOVERNANCE AND MANAGEMENT. Section 2.01. Composition of the Board................................ 5 Section 2.02. Removal................................................. 5 Section 2.03. Vacancies............................................... 5 Section 2.04. Action by the Board..................................... 5 Section 2.05. Conflicting Charter or Bylaw Provision.................. 6 Section 2.06. IXNET Board............................................. 6 ARTICLE 3
CORPORATE GOVERNANCE AND MANAGEMENT. Board of Directors The Board of Directors of the Reorganized Debtors (the “New Board”) shall consist of five (5) members: (A) the chief executive officer, (B) two individuals designated by Ascribe and (C) two individuals designated by Gates. The composition of the New Board shall fully comply with the standards and rules of the SEC and the New York Stock Exchange or another applicable nationally recognized exchange that apply to boards of public companies. The identities and affiliations of the members of the New Board will be disclosed to the Bankruptcy Court as required by the Bankruptcy Code. Management Prior to the Petition Date, Xxxx X. Xxxxxxxx shall enter into a new employment agreement with the Company on terms mutually acceptable to Xxxx X. Xxxxxxxx and the Supporting Noteholders, which shall be assumed by the Debtors under the Plan. On or after the Effective Date, senior management of the Reorganized Debtors, including a chief financial officer, shall be selected by the Supporting Noteholders and shall enter into management employment agreements on terms that shall be mutually acceptable to such employee and the Supporting Noteholders (the “New Employment Agreements”). The New Employment Agreements shall supersede and replace any existing employment agreements for such employee in effect prior to the Effective Date. Management Incentive Plan On or as soon as reasonably practicable after the Effective Date, a management incentive plan (the “MIP”) shall be adopted by the New Board to provide designated members of senior management of the Reorganized Debtors with equity-based incentive grants (including, without limitation, options and restricted stock units) for twelve and one-half percent (12.5%) of the fully-diluted shares the New Common Stock. MIP awards of equity-based incentives not granted on the Effective Date or shortly thereafter will remain in the MIP reserve pool for future grants. The specific identities of recipients, amounts and timing of MIP grants and other terms and conditions of the MIP will be determined by the New Board. Charter, By-Laws and Organizational Documents All charters, by-laws, limited liability company agreements and other organizational documents of the Reorganized Debtors shall be amended or amended and restated to comply with any applicable provisions of the Bankruptcy Code and as agreed to by the Debtors and the Supporting Noteholders, acting reasonably and in good faith.
CORPORATE GOVERNANCE AND MANAGEMENT. The PHSA is responsible for governing, managing, funding, and utilization review of selected health care agencies, societies, and programs that provide province-wide services. In conjunction with its role in governing these organizations, the PHSA will also take a leadership role in coordinating the provision of specialized, province-wide services in oncology, renal, paediatrics, women’s health, mental health and disease control. These agencies are: • BC Cancer Agency (BCCA) • BC Centre for Disease Control (BCCDC) • BC Drug and Poison Information Centre • BC Mental Health Society (Riverview Hospital) • Forensic Psychiatric Services Commission • BC Provincial Renal Agency • BC Transplant Society • Children’s & Women’s Health Centre of BC (including BC Reproductive Care Program and Perinatal Database, and Tertiary Perinatal Services)
CORPORATE GOVERNANCE AND MANAGEMENT. Section 2.1. Composition of the Board. Prior to the Class B Effectiveness, the parties hereto shall use their reasonable best efforts to cause the number of the Directors and the composition of the Board to be as set forth in this Section 2.1. As of and following the Class B Effectiveness, the composition of the Board and the number of Directors shall be governed by the Certificate of Incorporation.
CORPORATE GOVERNANCE AND MANAGEMENT. Section 2.1. Composition of the Board.....................................................................14 Section 2.2. Election of Directors........................................................................15 Section 2.3. Certain Provisions Regarding the Board of Directors..........................................16 Section 2.4.
CORPORATE GOVERNANCE AND MANAGEMENT. 2.1 Composition of the Board . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 2.2 Removal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 2.3 Vacancies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 2.4 Action by the Board . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 2.5 Conflicting Charter or Bylaw Provisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 2.6
CORPORATE GOVERNANCE AND MANAGEMENT. The PHSA is responsible for governing, managing, and funding selected health care agencies, societies, and programs that provide province-wide services, and in ensuring the academic roles of these agencies are being properly addressed. In conjunction with its role in governing these organizations, the PHSA will also take a leadership role in planning and delivering specialized province-wide services in cancer control and treatment, renal, child health, women’s health, mental health, and health prevention and disease control. The constituent agencies of the PHSA are: • BC Cancer Agency (BCCA) • BC Centre for Disease Control (BCCDC) • BC Drug and Poison Information Centre • BC Mental Health Society (Riverview Hospital) • Forensic Psychiatric Services • BC Provincial Renal Agency • BC Transplant Society • BC Children’s Hospital and Sunny Hill Health Centre • BC Women’s Hospital and Health Centre (including BC Reproductive Care Program and Perinatal Database, and Tertiary Perinatal Services)
CORPORATE GOVERNANCE AND MANAGEMENT. Maintaining good team dynamics The HackFwd process requires that the start-ups grow their product and business quickly. Working quickly can sometimes result in situations in which mutual agreement among team members is not possible. In such situations the shareholders can rely upon the mechanisms in the start- ups’ articles of association.
CORPORATE GOVERNANCE AND MANAGEMENT. SECTION 2.01. Composition of the Board; Committees..........................10 SECTION 2.02. Removal.......................................................11 SECTION 2.03. Vacancies.....................................................11 SECTION 2.04. Action by the Board...........................................11 SECTION 2.05. Action by the Shareholders....................................14 SECTION 2.06. Conflicting Charter or Bylaw Provision........................15 SECTION 2.07. Subsidiary Governance.........................................15 SECTION 2.08. Notice of Meeting; Participation..............................15 SECTION 2.09. Voting of Common Stock Owned by Management Stockholders..................................................15
CORPORATE GOVERNANCE AND MANAGEMENT. Section 2.01. Composition of the Board. . . . . . . . . . . . . . . . . . . 7 Section 2.02. Removal . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Section 2.03. Vacancies . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Section 2.04. Action by the Board . . . . . . . . . . . . . . . . . . . . . 8 Section 2.05. Conflicting Charter or Bylaw Provision. . . . . . . . . . . . 8 Section 2.06. IXNET Board . . . . . . . . . . . . . . . . . . . . . . . . . 8
