Examples of Company Board Designees in a sentence
Prior to the Effective Time, the Board of Directors of Acquiror shall take all action necessary to amend the by-laws of Acquiror to increase the size of the Board of Directors of Acquiror to not more than 19 and to elect the Company Board Designees to the Board of Directors of Acquiror, in each case as of the Effective Time.
In connection with such next annual meeting of stockholders of Parent, the Nominating and Corporate Governance Committee of the Parent Board shall recommend to the Parent Board the Company Board Designees for election to the Parent Board at such annual meeting of stockholders; provided, however, that at such time each such Company Board Designee satisfies the qualifications to serve on the Parent Board applicable generally to members of the Parent Board.
If one or more Company Board Designee(s) is unwilling or unable to serve on the Parent Board as of the Company Merger Effective Time, Parent and Company shall mutually agree to identify one or more replacement individual(s) to serve on the Parent Board as a Company Board Designee.
In connection with such next annual meeting of stockholders of Parent, the Nominating and Governance Committee of the Parent Board intends to recommend to the Parent Board the Company Board Designees for election to the Parent Board at such annual meeting of stockholders; provided that at such time each such Company Board Designee satisfies the qualifications to serve on the Parent Board.
Company Board Designees shall be selected by the Company Board (provided such Person shall have consented to serve on the Parent Board following the Effective Time) and approved by the Parent Board.
At the Effective Time, Acquirer shall cause the Board of Directors of Acquirer to consist of either five or seven directors (with the total number of directors to be established by Acquirer), a majority of one of whom shall be directors of Acquirer prior to the Effective Time and the remainder of whom shall be directors designated by the Company after consultation with the Acquirer (the "Company Board Designees").
Prior to the Closing, Parent shall take all such action as may be reasonably necessary to cause the (i) members of the Parent Board prior to the Effective Time to execute and deliver to the Company at or before the Effective Time resignation letters, and (ii) Company Board Designees and Parent Board Designee to be appointed to the Parent Board effective as of the Effective Time.
Prior to the Closing, Parent shall take all such action as may be reasonably necessary to cause (i) two (2) members of the Parent Board prior to the Effective Time to execute and deliver to the Company at or before the Effective Time resignation letters, and (ii) the Company Board Designees to be appointed to the Parent Board effective as of the Effective Time.
Prior to the Closing Date, the parties shall select four persons who shall be proposed by the Company and be reasonably acceptable to Parent (the “ Company Board Designees”) and Parent shall take all necessary actions to cause the Company Board Designees to be appointed to the Board of Directors of Parent immediately following the Effective Time.
The five principles of CL are Positive interdependence, individual and group accountability, interpersonal and small group skills, face-to-face promotive interaction, and group processing.