Fiat Group definition
Examples of Fiat Group in a sentence
For so long as the Fiat Group has a Total Interest exceeding fifty percent (50%), the Board of Directors shall cause the Company not to, and the Company shall not, without the prior written consent of each Non-Fiat Member affected thereby, take any Major Decision set forth in Sections 5.8(b)(ii), (iii), (iv), or (viii) that would adversely affect such Non-Fiat Member in its capacity as a Member in a manner disproportionate to Fiat in its capacity as a Member.
For so long as Fiat remains a Member and the Fiat Group has a Total Interest equal to or exceeding thirty-five percent (35%), excluding any Class A Membership Interests acquired through a Secondary Purchase, Fiat shall have the right to designate up to four Directors to the Board of Directors to serve as Directors.
For so long as Fiat remains a Member and the Fiat Group has a Total Interest exceeding fifty percent (50%), Fiat shall have the right to designate up to five Directors to the Board of Directors to serve as Directors.
The composition of the Compensation Committee shall be set forth in the Compensation Committee Charter and shall include at least one Independent Director Appointed by Fiat (or a Fiat Director, at any time during which the Fiat Group owns a Total Interest exceeding fifty percent (50%)).
The Board of Directors shall appoint as chair of the Compensation Committee an Independent Director Appointed by Fiat (or a Fiat Director, at any time during which the Fiat Group owns a Total Interest exceeding fifty percent (50%)).
At any time during which Fiat remains a Member and the Fiat Group does not have a Total Interest exceeding fifty percent (50%), at least one of the Directors designated by Fiat shall qualify as an Independent Director (an “Independent Director Appointed by Fiat”).
The size of the Board of Directors shall be eight and may from time to time be increased or decreased by the Board of Directors (with the approval of Fiat so long as Fiat remains a Member and the Fiat Group has a Total Interest equal to or exceeding the Fiat Initial Ownership Interest).
The size of the Board of Directors shall initially be nine and may from time to time be increased or decreased by the Board of Directors (with the approval of Fiat so long as Fiat remains a Member and the Fiat Group has a Total Interest equal to or exceeding the Fiat Initial Ownership Interest).
For so long as Fiat remains a Member and the Fiat Group does not have a Total Interest exceeding fifty percent (50%), at least one of the Directors designated by Fiat shall qualify as an Independent Director.
The Board of Directors shall appoint as Chairman of the Compensation Committee an Independent Director designated by Fiat (or a Fiat Director, at any time during which the Fiat Group owns a Total Interest exceeding fifty percent (50%)).