Governance Period definition
Examples of Governance Period in a sentence
The Board shall take all necessary action to cause, as of the Effective Time and for the duration of the Governance Period, the Chairman, Vice Chairman and Chief Executive Officer of Parent to be the sole members of the Executive Committee of the Board (the “Executive Committee”).
Subject to the following paragraph, the President and Chief Executive Officer of the Company as of immediately prior to the Effective Time shall be appointed the Vice Chairman of the Board (including any successor appointed pursuant to the terms hereof, the “Vice Chairman”) for the Governance Period.
Throughout the duration of the Governance Period, unless required by applicable Law or stock exchange rule (as determined in good faith by the Parent Board after consultation with outside legal counsel), Parent shall comply in all material respects with the Governance Policy.
The Parent Directors and Company Directors shall (unless and until any of the circumstances set out in Article II, Section 3 or Section 4 of the Parent Bylaws arises and subject to this Section 3) serve as directors of Parent during the Governance Period.
The marketplace will be the way in which pilots can share, with the rest of the ecosystem, data and applications that will be accessible through standard metadata description and API as per defined in deliverable D2.2 (8).
During the Governance Period, the Board shall take all necessary action to cause the Nominating and Governance Committee of the Board to consist of four members, two of which shall be Ensco Directors and two of which shall be Rowan Directors.
Euronav CEO and current Euronav CFO (Lieve Logghe) as at the Agreement Date (residing in Belgium) to be retained as CEO and CFO of Frontline upon commencement of the Governance Period, it being understood, for the avoidance of doubt, that this clause does not prevent their earlier appointment.
The Ensco Directors and Rowan Directors shall (unless and until any of the circumstances set out in Section 1.4(d) of the Transaction Agreement arises and subject to this Section 2) serve as directors of the Company during the Governance Period.
These Governance Guidelines may be amended or modified from time to time by the Board, provided that, prior to the end of the Governance Period, any amendment, modification or termination of (i) Section A (Functions of the Board —Directors) or (ii) Exhibit A attached hereto shall require the unanimous vote of the members of the Board.
In the event that during the Governance Period a G-CO Group Director shall for any reason cease to serve as a member of the Board of Directors during such directors term in office, the resulting vacancy on the Board of Directors shall be filled by an individual designated by the G-CO Group.