Klutch definition
Examples of Klutch in a sentence
If Klutch elects not to nominate one or both of the Klutch Representatives at or prior to Closing, Klutch may appoint the Klutch Representatives in accordance with Section 6.26(c).
Unless and until K▇▇▇▇▇ gives notice to the Parent nominating new individuals to replace incumbent Klutch Representatives on the Parent Board, the Parent will continue to include the incumbent Klutch Representatives among the management nominees for election to the Parent Board at each meeting of shareholders of the Parent at which directors are to be elected.
At Closing, the Parent shall reimburse Klutch for its reasonable Expenses incurred in connection with the negotiation of this Agreement and the consummation of the Merger, up to a maximum of $150,000.
The Parent shall have no obligation to cause the election or appointment of any new individual to replace any of the incumbent Klutch Representatives until 10 days following the later of (i) the date of the receipt of the written notice to the Parent identifying the individual(s) Klutch intends to nominate as its new Klutch Representative or (ii) the date the incumbent Klutch Representative has resigned creating a vacancy for the election or appointment of the new Klutch Representative.
Klutch may give written notice to the Parent at any time and from time to time identifying the individuals Klutch intends to nominate as its Klutch Representatives.
For clarity, however, and notwithstanding anything to the contrary, there shall not be more than two Klutch Representatives concurrently serving on the Parent Board.
The Parent will compensate the Klutch Representatives in a manner which is no less favourable than the manner in which they compensate the other directors (excluding grants of stock options).
In such event and subject to this Section 6.26(c), the Parent shall within 10 Business Days following receipt of such notice, cause the individuals nominated as Klutch Representatives to be elected or appointed to the Parent Board in any manner permitted by Law and by the Charter Documents of the Parent.