Appointment of Director. The Company, subject to the requisite prior-approval of the Board of Directors, hereby:
Appointment of Director. 18 Section 7.10
Appointment of Director. The Issuer hereby covenants and agrees from the date hereof until June 30, 2003, it shall exert its best efforts (including, without limitation, the solicitation of proxies), to cause the election of the designee of the Subscriber to the Issuer's Board of Directors. Any vote taken to fill any vacancy created by the resignation, death or removal of such designee or the expiration of the term of such designee, shall also be subject to the provisions of this Section 5.2. Additionally, at the written request of the Subscriber, Issuer shall exert its best efforts (including the solicitation of proxies) to cause the removal of such designee at the next stockholders meeting for which the Issuer's proxy statement is filed after the Issuer's receipt of such notice.
Appointment of Director. The Company hereby appoints the Director to perform the Services for the benefit of the Company as hereinafter set forth, and the Company hereby authorizes the Director to exercise such powers as provided under this Agreement. The Director accepts such appointment on the terms and conditions herein set forth.
Appointment of Director. Xxxxx Xxxxxxx is hereby designated as the Director of the Company until his successor has been duly appointed and qualified, or until his earlier death, resignation or removal in accordance with the terms and conditions of this Agreement.
Appointment of Director. GBB agrees to take all necessary action to ----------------------- appoint as contemplated by Section 2.6 hereof two members of SJNB's Board of Directors to the Board of Directors of GBB effective at the Effective Time of the Merger.
Appointment of Director. If an Event of Default shall have occurred and be continuing the Company and Holdings shall provide Purchaser with the right to appoint in its sole discretion one additional director to the Board of Directors of each of the Company and Holdings, which additional director shall serve as such only for so long as an Event of Default shall continue; provided that such right shall terminate at such time as Purchaser is no longer the holder of at least 50% of the aggregate outstanding principal amount of the Notes.
Appointment of Director. Upon the request of the Purchaser, the Company will appoint an individual designated by the Purchaser (“Designated Director”) to serve as a director of the Company’s Board of Directors (the “Board”), and, if necessary, will expand the size of the Board to accommodate such new member. Such new member shall participate in the affairs of the Company as a director pursuant to the powers granted in the Company’s Organizational Documents.
Appointment of Director. Effective as of the Effective Time, TSFG shall cause its Board of Directors to be expanded by one member, and shall appoint a current director of FLBK (selected by a majority of FLBK’s directors) (the “FLBK Director”) to fill the vacancy created by such increase.
Appointment of Director. At Closing, the following person(s) will be appointed a director of the Parent: Name Position Xxxx Xxxxxx Xxxx Director Xxxxx Xxxxxxxx Director
