Examples of Share Designation in a sentence
After completion of the IPO, the number of Directors which shall constitute the whole Board of Directors shall be determined from time to time by resolution adopted by a majority of the Board of Directors then in office, subject to the terms of the Shareholder’s Agreement and the rights of the holders of any class or series of Shares specified in the related Share Designation, if applicable, but shall consist of not less than nine Directors.
Each Share shall have the rights and be governed by the provisions set forth in this Agreement (including any Share Designation).
Except to the extent expressly provided in this Agreement (including any Share Designation), no Shares shall entitle any Member to any preemptive, conversion, preferential, or similar rights with respect to the issuance of Shares.
On and after the Trigger Event, subject to the rights of holders of any class or series of Shares specified in the related Share Designation with respect to such class or series of Shares, any action required or permitted to be taken by the Members of the Company must be taken at a duly held annual or special meeting of Members and may not be taken by any consent in writing of such Members.
Only Persons who are nominated in accordance with the procedures set forth in Section 14.11(a)(ii) shall be eligible for election as Directors of the Company, except as may be otherwise provided in the Shareholder’s Agreement and any Share Designation with respect to the right of Members of any class of Shares to nominate and elect a specified number of Directors.