Examples of Garcia Parties in a sentence
The Garcia Parties are currently entitled to ten votes per share of Class B common stock they beneficially own.
If the Garcia Parties are no longer entitled to ten votes for each share of Class B common stock they hold, then our directors may be removed only for cause upon the affirmative vote of at least 66⅔% of the voting power of our outstanding shares of stock entitled to vote thereon.The Compensation and Nominating Committee will consider stockholder nominations for membership on the Board.
The Court may adjourn the Settlement Hearing from time to time by oral announcement without further notice to anyone other than the Garcia Parties.
These contract documents must be strictly enforced when administering the contract.
To the fullest extent permitted by applicable law, none of the Exempted Persons shall have any fiduciary duty to refrain from engaging directly or indirectly in the same or similar business activities or lines of business as the Corporation or any of its Affiliated Companies, and no Exempted Person shall be liable to the Corporation or its stockholders for breach of any fiduciary duty solely by reason of any such activities of the Garcia Parties, their Affiliated Companies or such Exempted Person.
In addition, our certificate provides that our directors may be removed with or without cause by the affirmative vote of at least a majority of the voting power of our outstanding shares of stock entitled to vote thereon, voting together as a single class, for so long as the Garcia Parties are entitled to ten votes for each share of Class B common stock they hold.
In addition, our certificate of incorporation provides that our directors may be removed with or without cause by the affirmative vote of at least a majority of the voting power of our outstanding shares of stock entitled to vote thereon, voting together as a single class, for so long as the Garcia Parties are entitled to ten votes for each share of Class B common stock they hold.
As used in this Certificate of Incorporation, “Affiliated Companies” shall mean (a) in respect of the Garcia Parties, any entity that controls, is controlled by or is under common control with a Garcia Party (other than the Corporation and any company that is controlled by the Corporation) and (b) in respect of the Corporation, any company controlled by the Corporation.
Each share of our Class B common stock held by the Garcia Parties entitles its holder to ten votes on all matters to be voted on by stockholders generally, including the election of directors, for so long as the Garcia Parties maintain, in the aggregate, direct or indirect beneficial ownership of at least 25% of the outstanding shares of Class A common stock (determined on an as- exchanged basis assuming that all of the LLC Units were exchanged for Class A common stock).
Any capitalized terms used in this Settlement Notice that are not otherwise defined herein shall have the meanings ascribed to them in the Stipulation and Agreement of Settlement dated June 3, 2011 and entered into by and among the Garcia Parties (the ―Stipulation‖).