Election of Board Members. At any time at which the ESOP is entitled to representation on the Board of Directors of the Employer or any corporation which owns more than fifty percent (50%) of the Employer, the board member or members for the ESOP shall be elected by the Administrative Committee. The Administrative Committee may not elect any individual to serve as the director selected by the ESOP if such person would not be eligible to be a member of the Administrative Committee pursuant to the provisions of Section 8.10 above."
Election of Board Members. (a) The number of directors constituting the Board, as fixed from time to time by the Board in accordance with the Bylaws, shall be nine (9). Notwithstanding any provision in the Bylaws, the number of directors constituting the Board shall not be increased to greater than eleven (11) without the prior written consent of the Requisite Investors for so long as both JPMP Global and BBI are entitled to designate a Preferred Director.
Election of Board Members. 3.1 From and at all times after the date hereof and until the expiration of this Agreement, Craven and Schaffer agree that they xxxx xote (xx xxxxx to be voted) all shares of the Capital Stock of the Corporation now owned or held or hereafter acquired by them, directly or indirectly, so that:
Election of Board Members. Each member shall be elected by a majority of the Holders in attendance at the Shareholders’ Meeting.
Election of Board Members. (a) As long as his individual sell-down of Class B Shares since the date immediately following the IPO does not exceed 35 % (i.e. the Founder’s total number of Class B Shares shall never fall below the respective threshold set forth in Annex 6.2(a)), each Founder shall, subject to Art. 6.2(b), be entitled to a Board seat and the Parties agree to vote for the election or re-election (as applicable) of each Founder as Board Member at any time during the term of this Agreement. If a Founder is no longer entitled to be elected as Board Member in accordance with the above mentioned rule, he is entitled to be engaged in another role as executive or paid executive advisory role in accordance with Art. 6.5. It being understood that such Founder may still be elected or re-elected (as applicable) as Board Member.
Election of Board Members. (A) The number of directors constituting the Board of Directors of the Company and each Subsidiary, as fixed from time to time by the Board of Directors of the Company or any Subsidiary in accordance with the Company's or each Subsidiary's By-laws, shall initially be not less than five. At the election of the Requisite Preferred Holders, the Company shall use its best efforts to cause an Observer or such other individual appointed by the Requisite Preferred Holders to serve in place of an Observer, or a replacement thereof, to be nominated and elected to the Board of Directors of the Company and each Subsidiary, and any committee thereof (the "Series A Preferred Director"); provided, however, that such right of the Requisite Preferred Holders to designate and approve a director shall expire on the date of the regularly scheduled annual meeting of the stockholders of the Company held immediately after more than 75% of the shares of Series A Preferred Stock purchased on the Closing Date have been converted pursuant to this Certificate of Designation into Common Stock and, at the written request of the Company, the Series A Director shall resign its position as a director of the Company and each Subsidiary at such meeting.
Election of Board Members. At signing of this Agreement, the Sellers shall vote the Sale Shares to elect such new members of the Company's board of directors, as the Purchaser shall have designated reasonably in advance. Until Closing, the Sellers shall vote the Sale Shares with regard to the election of board members only as directed by the Purchaser.
Election of Board Members. (a) As long as his individual sell-down of Class B Shares since the date immediately following the IPO does not exceed 35 % (i.e. the Founder’s total number of Class B Shares shall never fall below the respective threshold set forth in Annex 6.2(a)), each Founder shall, subject to
Election of Board Members. Stockholder agrees to vote all of its Merger Shares and other shares of voting securities in New Brooke Credit, whether now owned or hereafter acquired or which such Stockholder may be empowered to vote (together the “Shares”), from time to time and at all times, in whatever manner shall be necessary to ensure that at each annual or special meeting of stockholders at which an election of directors is held or pursuant to any written consent of the stockholders:
Election of Board Members. The initial Board of Directors shall consist of six (6) individuals (each a "Board Member"). Newco shall elect three (3) individuals (the "Newco Members") to the Board of Directors. Newcourt Sub shall elect three (3) individuals (the "Newcourt Members") to the Board of Directors. The initial Newco Members and Newcourt Members are set forth on Schedule 6.2 attached hereto. Each individual elected by Newco may be removed by Newco at any time, with or without cause, upon written notice to the Members. Each individual elected by Newcourt Sub may be removed by Newcourt Sub at any time, with or without cause, upon written notice to the Members. An individual who serves on the Board of Directors may voluntarily resign at any time by delivering written notice to the Members. If an individual serving on the Board of Directors dies, resigns or is removed pursuant to this Section 6.2, Newco or Newcourt Sub, as the case may be, shall designate a replacement individual to serve on the Board of Directors within five (5) Business Days of such removal or resignation, and shall give the Members written notice of such designation.
