Executive Committee of the Board Sample Clauses
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Executive Committee of the Board. Parent Trust shall establish and maintain, in accordance with the bylaws of Parent Trust, an Executive Committee of the Board, the members of which shall include, for so long as they shall have the right to be nominated as trustees to the Board, the Persons originally nominated to the Board pursuant to Section 2(a) and their respective successors. In the event that the number of members on the Executive Committee is more than seven (7), the Shareholders (and any Shareholder Representative), as a group, then serving shall be entitled to designate the eighth member (at the time the ninth member is designated) and every third member thereafter (at the time the second member thereafter is designated) from among the trustees then serving on the Board of Trustees.
Executive Committee of the Board. (a) As of the Completion of the IPO, the Board of Directors shall have established an executive committee that, at all times prior to the one-year anniversary of the Less Than Majority Holder Date, shall consist of (i) the CEO, (ii) one Independent Director who is not a NAB Independent Director and (iii) two NAB Directors, one of whom shall be designated by NAB as an alternate and who shall be considered a member of the Executive Committee of the Board only at such times as the other NAB Director is unable to attend a meeting or cast a vote.
(b) Until the earlier of (i) the Non-Control Date and (ii) the one-year anniversary of the Less Than Majority Holder Date, the executive committee shall only act with the consent or approval of a majority of the members of the committee, which majority must include the consent or approval of a NAB Director.
(c) Each NAB Director that is a member of the executive committee shall be available to the other committee members on short notice (generally meaning within 24 hours of any communication being sent), or shall provide for the alternate NAB Director or for a delegate (who shall also be a NAB Director) to be available within such a time period.
(d) The executive committee shall have such responsibilities and authority, not inconsistent with this Agreement, as shall be delegated to it by the Board of Directors from time to time; provided, however, that until the Non-Control Date, the executive committee shall report promptly to the Board of Directors any actions it has taken.
Executive Committee of the Board. The Executive Committee of the Board shall be the President, the Immediate Past President, Secretary-Treasurer, a minimum of one and a maximum of two vice presidents, and as ex-officio members, the AVP Alumni and Community Engagement.