Regional Board Sample Clauses
Regional Board. All members of the Board of Directors of the Bank, who have agreed to serve in such capacity and would not be otherwise prohibited to serve under applicable law, shall be appointed to FMB’s Michigan regional advisory board, as soon as practicable after the Effective Date.
Regional Board. At the request of Sellers or the Foundation made within 12 months after the Closing Date, Purchaser shall establish and maintain a regional board ("Regional Board") for the Baptist Hospitals and other hospitals owned by Purchasers and/or their Affiliates in the Phoenix market (each a "Phoenix Hospital"). The Regional Board shall be composed of an equal number of physicians, community representatives and the CEO from each Phoenix Hospital. Membership on the Regional Board will be expanded, at the request of the Regional Board, as additional Phoenix Hospitals are added, including the anticipated new hospital in West Valley. The purpose of the Regional Board shall be to advise the Purchasers about activities of the Phoenix Hospitals, including patient care, capital expenditures, operating budgets, physician activities and other items of concern.
Regional Board. All members of the Board of Directors of Arlington Bank, who have agreed to serve in such capacity and would not be otherwise prohibited to serve under applicable law, shall be appointed to FMB’s Ohio regional advisory board, as soon as practicable after the Effective Date, and in no event later than sixty (60) days after the Effective Date.
Regional Board. Effective as of the Effective Time, Buyer agrees to take all action necessary to appoint each of the directors of the Company at the Effective Time who is not a Company Director Designee and who is not an employee of Buyer or Buyer Bank, to a regional advisory board of Buyer Bank, which shall remain in place for at least two (2) years after the Effective Time. Buyer Bank shall pay the members of the regional board a fee per meeting attended in an amount consistent with the amount paid by Buyer Bank to members of its regional boards existing as of the date hereof.