Icahn Sample Clauses
The "Icahn" clause is a contractual provision designed to address situations involving activist investors, particularly those associated with Carl Icahn or similar parties. Typically, this clause restricts or conditions the transfer of shares or rights to known activist investors, or triggers certain rights or protections if such investors acquire a significant stake. For example, it may require notification, board approval, or trigger a change-of-control provision if an Icahn-type investor becomes involved. The core function of the Icahn clause is to protect the company or other parties from the disruptive influence or strategic maneuvers often associated with activist investors, thereby maintaining stability and predictability in corporate governance.
Icahn. (i) Icahn has the legal capacity and the right, authority and power under applicable Laws to enter into this Agreement and each Ancillary Document to which he is a party and to carry out the transactions contemplated hereby and thereby.
(ii) This Agreement and each Ancillary Document executed and delivered by Icahn, constitutes a legal, valid and binding obligation of Icahn, enforceable against him in accordance with its terms, except as enforceability may be restricted, limited or delayed by applicable bankruptcy or similar Laws affecting creditors’ rights generally.
Icahn. 1. Licensing as ▇ ▇▇▇▇rolling person of AREH on the basis of his indirect beneficial ownership of 70% of the equity of AREH and his control of AREH; 2. Licensing as the sole member of the Company. EXHIBIT C [Letter Agreement attached hereto] LETTER AGREEMENT This Letter Agreement (the "Agreement") is made this 5th day of June, 1998, by and between American Real Estate Holdings Limited Partnership ("AREH"), a Delaware limited partnership, Nevar LLC, a New York limited liability company ("Nevar"), Nybor Limited Partnership, a Delaware limited partnership ("Nybor") and Carl C. Icahn, an individual ("Icahn").
Icahn. Employee will spend not less than (x) fifty (50) weekdays during calendar year 2020 and (y) twenty-five (25) weekdays during calendar year 2021 working out of the Employer’s offices in Sunny Isles Beach, Florida, with such days to be reasonably agreed by the Employer and the Employee. All reasonable travel expenses (airfare, ground transportation, meals, hotels for the duration of Employee’s stay in Florida, etc.) incurred by the Employee in connection with travel between the Employee’s residence in New York State and such offices in Florida shall be reimbursed by the Employer. Further, the Employer hereby consents to Employee working from Employee’s home when not working out of the Employer’s offices in Florida. Except with respect to (x) Employer’s offices in Sunny Isles Beach, Florida as provided in this Section 3 and (y) travel reasonably required in connection with Employee’s service on Designated Boards as provided in Section 4 below, Employee shall not be required to travel to work more than 10 miles from his current residence except for periodic business travel mutually agreed upon by Employer and Employee, and Employee shall not maintain an office outside of Rockland County, New York or Westchester County, New York.
Icahn. A determination by the New Jersey Casino Control Commission that ▇▇▇▇ ▇. Icahn is plenarily qualified as an individual qualifier of Greate Bay Hotel & Casino, Inc. EXHIBIT C [Letter Agreement attached hereto] LETTER AGREEMENT This Letter Agreement (the "Agreement") is made as of the 1st day of March, 2000, by and between American Real Estate Holdings Limited Partnership ("AREH"), a Delaware limited partnership, Larch, LLC, a Delaware limited liability company ("Larch"), Cyprus, LLC, a Delaware limited liability company ("Cyprus") and ▇▇▇▇ ▇. Icahn, an individual ("Icahn").
Icahn. Keith A. Meister
Icahn. “As a member of the Board, ▇▇▇▇▇ will work with the other directors and management to enhance the value of the Company for all shareholders.” “WebMD is clearly a leader in the digital health information services market with unparalleled reach to both consumers and healthcare professionals,” said ▇▇. ▇▇▇▇▇▇▇▇▇. “I look forward to working with the other directors.”
Icahn. Employee’s primary work location will be Employer’s offices in Sunny Isles Beach, Florida and Employee will be available for such business travel as is required in connection with his duties or as otherwise reasonably requested by Employer from time to time.
Icahn. “We continue to believe there are opportunities to drive further value for all shareholders, and we look forward to collaborating with the Board and management and contributing meaningfully to the Company’s ongoing strategic review.” Concurrently with their appointments to the Board, Messrs. B. Icahn and ▇▇▇▇▇▇ will be appointed to two Board committees, the Finance and Transactions Committee and the committee assisting with evaluating strategic alternatives, including the potential spin of the Company’s eye health business.
Icahn. FirstEnergy has acted with urgency in recent months to strengthen the company and implement initiatives that are expected to provide near-term value while creating new opportunities for long-term growth. This includes – among other actions – fostering a renewed emphasis on compliance and transparency throughout the company, taking steps to reduce regulatory uncertainty affecting its Ohio utilities, and driving initiatives to accelerate the trajectory of the business for the benefit of all shareholders and other stakeholders.