New Board of Directors. On the Closing Date, the board of directors for the Issuer shall be comprised of seven (7) directors consisting of: (a) the chief executive officer of the Company, (b) four (4) directors designated by the members of the Ad Hoc Group and (c) two (2) directors designated by a majority of the holders of Credit Facility Claims.
New Board of Directors. (a) The slate of directors to be presented to stockholders of Hexcel in accordance with Section 4.18 is expected to be Marshaxx X. Xxxxxx, Xxxxph X. Xxxxxxx, Xxxxr X. Xxxxxxxxx, John J. Xxx, Xxxxge X. Xxxxxxxx, Xxxxerxxx X. Xxxxxxx, Franklxx X. Xxxxx, Xxxxr X. Xxxxxxx xxx Xobert X. Xxxx.
New Board of Directors. The Seller and the Buye agree that the new Board of Directors shall consist of 5 members: Mehanem Golan, Evgeny Afineevsky, Ilia Kokarev, Alexander Walxxx,
New Board of Directors. The board of directors of the Reorganized Debtor on and after the Effective Date.
New Board of Directors. At or immediately before closing, the directors of the Company shall appoint a board consisting of J. Ralph Armijo and Robert Grizzle. The members of the Company's Boaxx xx Xxxxxtors xxxxx xxxxxxfter resign. The Company agrees to maintain the indemnification rights as they apply to the outgoing Board of Directors in full force and effect based on the corporate charter of the Company and the Business Corporation Act of the State of Colorado during any period legally required.
New Board of Directors. On the Effective Date, reorganized OSG will have an initial Board consisting of seven (7) members acceptable to the Consenting Lenders and approved by the existing Board. The members of the initial Board shall be disclosed in the Plan Supplement.
New Board of Directors. On the Closing Date, the composition of the board of directors of Reorganized Momentive shall be as described in the Term Sheet.
New Board of Directors. On the Closing Date, the composition of the board of directors of Reorganized Holdings shall be as described in the Plan.
New Board of Directors. The nominees of Silo Wellness shall have been duly elected or appointed, as applicable, to the board of directors and management of the Resulting Issuer as of the Closing Time;
New Board of Directors. In accordance with the Purchase Agreement and the Stockholders’ Agreement, the Company’s Board of Directors is currently composed of the following persons: Xxxxx Xxxxxxxx, Xxxxx Xxx, Xxxxx Xxxxxxxxxxxx, Xxxx Xxxxxx, Xxxxxx Xxxxxxxx, Xxxxxx Xxxx and Xxxx Xxxxx. ************************ Attachment: Copy of Certificate of Amendment with Amended and Restated Articles of Incorporation
