Parent Board definition
Examples of Parent Board in a sentence
Subject to Sections 6.04(e) and 6.04(f), Parent shall, through the Parent Board, recommend that the Parent Stockholders approve the Parent Share Issuance and shall use reasonable best efforts to solicit from the Parent Stockholders proxies in favor of approval of the Parent Share Issuance and to take all other actions necessary or advisable to secure Parent Stockholder Approval.
Prior to the Closing Date, Parent shall take all necessary actions to cause two individuals from the Company Board of Parent’s choosing to be appointed to the Parent Board immediately following the Effective Time.
The Parent Board shall take all necessary corporate action, to the extent within its power and authority, so that, as of the Effective Time, the directors constituting the Parent Board shall be as set forth in Schedule 2.15.
If any Takeover Statute is or may become applicable to the Contemplated Transactions, each of the Company, the Company Board, Parent and the Parent Board, as applicable, shall grant such approvals and take such actions as are necessary so that the Contemplated Transactions may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise act to eliminate or minimize the effects of such statute or regulation on the Contemplated Transactions.
Each such Person shall meet the criteria for service on the Parent Board under applicable Law and NYSE rules and the Corporate Governance Guidelines and any other criteria established by the Parent Board or the Nominating & Governance Committee of the Parent Board for such service that are generally applicable to members of the Parent Board.