FF Top definition
Examples of FF Top in a sentence
It is understood by the parties hereto that FF Top shall not be required to have the FF Top Designees represented on any committee and any failure to exercise such right in this Section 2.2 in a prior period shall not constitute any waiver of such right in a subsequent period.
The Company shall pay the reasonable and documented out-of-pocket expenses incurred by each FF Top Designee serving on the Board in connection with such FF Top Designee’s services provided to or on behalf of the Company, including attending meetings or events on behalf of the Company at the Company’s request.
Except to the extent FF Top may otherwise notify the Company, the FF Top Designees serving on the Board that are not employees of the Company or any of its Subsidiaries shall be entitled to compensation consistent with the compensation received by other non-employee Directors, including any fees and equity awards.
FF Top shall be entitled to participate, at its own expense, in all legal proceedings and other interactions with any governmental authority or national securities exchange related to this Section 4.12(b), and shall be entitled to review and advise on any documents or materials to be submitted to such Governmental Authority or national securities exchange.
FF Global Partners Investment LLC (formerly known as FF Top Holding LLC) hereby irrevocably agrees that it will take reasonable efforts to cause all shares over which it controls voting power to vote in favor of the Shareholder Approval (including the Authorized Share Increase Approval).
Except as provided in Sections 2.3, 2.4 and 2.5, each FF Top Designee and the other members serving on the Board shall be entitled to the same rights and privileges applicable to all other members of the Board generally or to which all such members of the Board are entitled.
FF Top hereby consents to any action taken by the Board to increase the total number of directors of FFIE from nine (9) to ten (10) for the sole purpose of appointing ▇▇.
This Agreement may be amended, supplemented or otherwise modified only by a written instrument executed by FF Top and the Company; provided that any amendment of Section 4.2 hereof shall additionally be required to be executed by FF Global Partners LLC.
Following the termination of FF Top’s right to nominate four FF Top Designees pursuant to and in accordance with the immediately preceding sentence, FF Top shall thereafter continue to have the right, but not the obligation, to nominate, and the individuals nominated for election as Directors by the Board shall include, a number of FF Top Designees not less than the number equal to the Total Number of Directors multiplied by the Shareholder Share Percentage (rounding up to the next whole director).
Each FF Top Designee shall be entitled to the same rights and privileges applicable to all other members of the Board generally or to which all such members of the Board are entitled (in each case, taking into account Board committee obligations).