Examples of New Board of Directors in a sentence
Upon the issuance of the New Equity Interests and the occurrence of the Effective Date,, the operation of the Reorganized Debtors shall become the general responsibility of its New Board of Directors, subject to, and in accordance with, the Amended Bylaws.
The identity of the members of the initial New Board of Directors will be disclosed at or prior to the Confirmation hearing in accordance with § 1129(a)(5).
New Board of Directors members will take office at the respective events.
The main terms and conditions of the engagement, including the term of office, shall be determined by the New Board of Directors of DutchCo.For further information on the new corporate governance structure following the Merger, please refer to the proposed version of the articles of association of MFE, attached to the Common Cross-Border Merger Plan as Schedule 3.
The directors shall hold office for a period not exceeding four years and could be re-appointed.The New Board of Directors of DutchCo shall consist of a minimum of 7 to a maximum of 15 directors.On the Merger Effective Date —or in the period immediately afterwards— it is expected that the New Board of Directors of DutchCo shall establish an audit committee and a compensation and nominating committee within its members.