Common use of Initial Directors Clause in Contracts

Initial Directors. The initial Centerbridge Directors pursuant to Section 1(b) shall be Xxxxxx X. Xxxxxx (as a Class III Director) and Xxxxxx X. Xxxxx (as a Class II Director). The initial NVX Directors pursuant to Section 1(c) shall be Xxxxxxx X. Xxxx (as a Class II Director) and Xxxxxxx X. Xxxxx (as a Class III Director). The initial Centerbridge-Designated Independent Directors pursuant to Section 1(d) shall be Xxxxxx X. Xxxxxxxx (as a Class II Director) and Xxxxxxxxx X. Xxxx (as a Class I Director). The initial NVX-Designated Independent Directors pursuant to Section 1(e) shall be Xxxxxx X. Xxxxx (as a Class I Director) and Xxxxx X. Xxxxxxx (as a Class III Director). The one (1) remaining initial Director shall satisfy the Independence Requirements, and shall be Xxxx Xxxxxxx (as Class I Director). Xxxxxxx X.

Initial Directors. The initial Centerbridge Original Member Directors pursuant to Section 1(b1(b)(i) shall be Xxxxxx X. Xxxxx (as a Class I Director), Xxxxxxxx Xxxxxx (as a Class II Director), Xxxx X’Xxxxxxx (as a Class III Director) and Xxxx Xxxxxx X. Xxxxx (as a Class II Director). The initial NVX Directors pursuant to Section 1(c) shall be Xxxxxxx X. Xxxx (as a Class II Director) and Xxxxxxx X. Xxxxx (as a Class III Director). The initial Centerbridge-Original Member Designated Independent Directors pursuant to Section 1(d1(b)(ii) shall be Xxxxxx X. Xxxxxxxx (as a Class II Director) and Xxxxxxxxx X. Xxxx (as a Class I Director). The initial NVX-Designated Independent Directors pursuant to Section 1(e) shall be Xxxxxx X. Xxxxx (as a Class I Director) and Xxxxx X. Xxxxxxx (as a Class III Director). The one (1) remaining initial Director shall satisfy the Independence Requirements, and shall be Xxxx Xxxxxxx Xxxxx Xxxxxx Xxxxx (as a Class I Director), Xxxxxxx Xxxxxxx (as a Class II Director) and Xxxx Xxxx (as a Class III Director). Xxxxxxx X.Xxxxxx Xxxxx shall serve as the initial Chairperson of the Board (as defined in the Bylaws) for the initial term, in accordance with this Agreement and the Bylaws, after which the Chairperson of the Board shall be determined in accordance with this Agreement and the Bylaws.