Number and Designation of Directors Sample Clauses

Number and Designation of Directors. The Company shall have a Board of Directors composed of two directors. The Initial Member designates R. Xxxx XxXxxxx and Xxxxxxx X. Xxxxxx as the initial directors.
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Number and Designation of Directors. The Board shall consist of eight (8) directors. Subject to Section 2(c) below, each Stockholder agrees to use all commercially reasonable efforts (including approving all necessary or advisable amendments to the Company’s certificate of incorporation and/or bylaws) to cause the board of directors of the Company (the “Board”) to be composed as follows:
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Number and Designation of Directors. The Board of Directors shall initially be composed of five (5) Directors. Quantum has the right to designate up to two (2) Directors (the “Quantum Directors”). LINN has the right to designate up to two (2) Directors (the “LINN Directors”). For so long as Xxxxx shall be the Chief Executive Officer of LINN, he shall serve as a LINN Director and for so long as Rockov shall be Chief Financial Officer of LINN, he shall serve as a LINN Director. For so long as Xxxxxxxx shall be the President of the Company, he shall serve as a Director (the “Management Director”). Each of Quantum and LINN shall have the right to bring such observers to any board meeting as either shall determine; provided (a) that such observers are subject to appropriate confidentiality restrictions and are affiliated with Quantum or LINN, as applicable and (b) that in the case of LINN, if such observer is not an executive officer of LINN, such observer shall be reasonably acceptable to Quantum. Other than LINN, no LINN Incentive Member, in such capacity, will have any right to designate a representative to the Board of Directors. The size of the Board of Directors may be increased by Board Approval, and the Board of Directors may amend this Agreement to reflect such increase, including with respect to the number of votes of each Director in order to preserve the Quantum Directors’ majority voting power.
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Number and Designation of Directors. The Board of Directors initially shall be composed of two Directors who shall be Xxxxx Xxxxxxxxx and T.
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Number and Designation of Directors. The Board of Directors shall initially be composed of five (5)
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Number and Designation of Directors. The Board of Directors of the Company shall consist of four (4) directors. The parties agree that (i) Pentwater Capital Management Fund LP (“Pentwater”) shall have the right to designate two directors and (ii) two directors shall at all times be “independent directors” (as determined by the members of the Board of Directors in accordance with the rules of the Nasdaq Stock Market). The names of the initial directors of the Company and the basis for the designation of such initial directors of the Company are set forth in Section 1.2.
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Related to Number and Designation of Directors

  • Designation of Directors The designees to the Board described above (each a “Designee”) shall be selected as follows:

  • Nomination of Directors Except as otherwise fixed by resolution of the Board of Directors pursuant to the Articles of Incorporation relating to the authorization of the Board of Directors to provide by resolution for the issuance of Preferred Stock and to determine the rights of the holders of such Preferred Stock to elect directors, nominations for the election of directors may be made by the Board of Directors, by a committee appointed by the board of directors, or by any stockholder of record at the time of giving of notice provided for herein. However, any stockholder entitled to vote in the election of directors as provided herein may nominate one or more persons for election as directors at a meeting only if written notice of such stockholder's intent to make such nomination or nominations has been delivered to or mailed and received by the secretary of the corporation not later than, (a) with respect to an election to be held at an annual meeting of stockholders, 120 calendar days in advance of the first anniversary of the date the corporation's proxy statement was released to security holders in connection with the preceding year's annual meeting; PROVIDED, HOWEVER, that in the event that the date of the annual meeting is changed by more than thirty (30) days from such anniversary date, notice by the stockholder to be timely must be received not later than the close of business on the tenth (10th) day following the earlier of the day on which notice of the date of the meeting was mailed or public disclosure was made, and (b) with respect to an election to be held at a special meeting of stockholders for the election of directors, not earlier than the close of business on the 90th day prior to such special meeting and not later than the close of business on the later of the 60th day prior to such special meeting or the tenth (10th) day following the day on which public disclosure is first made of the date of the special meeting and the nominees proposed by the board of directors to be elected at such a meeting. Notwithstanding any of the foregoing to the contrary, in the event that the number of directors to be elected by the Board of Directors of the corporation is increased and there is no public disclosure by the corporation naming the nominees for director or specifying the size of the increased Board of Directors at least seventy (70) days prior to the first anniversary of the date of the preceding year's annual meeting, a

  • Election of Directors Elections of directors need not be by written ballot unless the bylaws of the Corporation shall so provide.

  • Resignation of Directors A director may resign at any time by delivering written notice to the Board, its Chairman (as hereinafter defined), if any, or the Company. A resignation shall be effective when the notice is delivered unless the notice specifies a later effective date.

  • Election of Director The holders of a majority of the outstanding shares of Class A-1 Preferred Stock shall have the right voting as a class to elect one member of the Company’s board of directors (the “Preferred Director”), including to fill a vacancy as to the Preferred Director. Any Preferred Director may be removed, with or without cause, by the affirmative vote of the holders of a majority of the then outstanding shares of Class A-1 Preferred Stock.

  • Compensation of Directors Directors on the Board shall not be entitled to receive a fee for the director’s services as a director on the Board.

  • Indemnification of Directors OFFICERS, EMPLOYEES AND AGENTS

  • Resignation of Directors and Officers The directors and officers of the Company in office immediately prior to the Effective Time shall have resigned as directors and officers of the Surviving Corporation effective immediately following the Effective Time.

  • Expenses of Directors The Company shall promptly reimburse in full, each director of the Company who is not an employee of the Company for all of his reasonable out-of-pocket expenses incurred in attending each meeting of the Board of Directors of the Company or any Committee thereof.

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