Directors of the Corporation. (a) The Shareholders, by majority vote, will determine from time to time the number of directors to be elected.
Directors of the Corporation. The Corporation shall indemnify a director who was wholly successful, on merits or otherwise, in the defense of any proceedings to which he/she was a party because he/she was a director of the Corporation against reasonable expenses incurred by him/her in connection with the proceeding.
Directors of the Corporation. The Board of Corporation shall, immediately following the transactions contemplated by this Agreement, shall consist of three (3) persons, comprised of Manny Villafana (“Villafana”) and two directors to be selected by Villafana, with the two directors satisfying the requirements of an “independent director,” as that term is defined by NASDAQ Marketplace Rule 4200-1(a)(14). LLC may choose an individual of its choice to serve as an observer at all regular and special board meetings, but the presence of such individual at such meetings will not be required in order to hold any meeting of the board of directors. The designee will be provided all of the information provided to other directors, even if such information is reasonably deemed to be confidential as between the Corporation and LLC, provided LLC has executed a mutually-agreeable confidentiality agreement.
Directors of the Corporation. The Executive may engage in passive business activities which do not interfere with his employment under this Agreement and which do not conflict with the Corporation's interests. Notwithstanding the foregoing, during the term of this Agreement, the Executive may: (i) serve on corporate, civic or charitable boards or committees, (ii) deliver lectures, fulfill speaking engagements or teach at educational institutions; and (iii) manage personal investments, so long as such activities do not interfere with the performance of the Executive's responsibilities and duties in accordance with this Agreement.
Directors of the Corporation. (1) Unless this Agreement is terminated in accordance with Article 6, for so long as HPX has a Pro Rata Interest equal to one of the percentage amounts set out in the table below under the column heading “Pro Rata Interest”, HPX shall be entitled to nominate the corresponding number of individual(s) set out opposite such Pro Rata Interest in the table below under the column heading “Number of Director Nominee(s)” for appointment or election as Directors of the Corporation (each, a “Director Nominee”): Pro Rata Interest Number of Director Nominee(s) Fifty percent (50%) or greater Such number of Directors that would represent the smallest number to Pro Rata Interest Number of Director Nominee(s) represent a majority of the Director Nominees of the Corporation (for example, four (4) individuals if the board has seven (7) Directors) At least forty percent (40%) and less than fifty percent (50%) Three (3) individuals(1) At least twenty percent (20%) and less than forty percent (40%) Two (2) individuals(1) At least ten percent (10%) and less than twenty percent (20%) One (1) individual(1) Note:
Directors of the Corporation. In furtherance of the foregoing, the Employee hereby agrees to perform well and faithfully such duties and responsibilities. 4.
Directors of the Corporation. At any time on or after the Closing Date, subject to the provisions of the Voting and Disposition Agreement, the Investors shall have the right to nominate two individuals to the Board of Directors of the Corporation, subject only to regulatory approval, and the Corporation agrees to take all necessary action to effect the appointment of such individuals to the Board of Directors.