Change in Management and Board Sample Clauses

Change in Management and Board. The change in management and of the Board of Directors of Summit shall have been recommended or occurred as set forth in Section 5.04 hereof.
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Change in Management and Board. The change in management and of the Board of Directors of Action shall have been recommended or occurred as set forth in Section 5.04 hereof.
Sample 1Sample 2
Change in Management and Board. Upon execution of this Agreement, Rxxx Xxxxxxxxxxxx shall resign from the board of directors and all executive positions of WRAP, and WRAP shall appoint to its board of directors Nxxx Xxxx. After Closing, Mx. Xxxx shall have the authority to appoint two additional members to WRAP’s board of directors. Mxxxx Xxxxxxx and Cxxx Xxxxxx shall remain on the board of directors until replaced by a vote of WRAP’s shareholders. After Closing, all decisions of the Board of Directors must be made by unanimous approval of the directors, and the directors shall execute a written resolution to such effect. The new board of directors shall appoint new management for WRAP, except that Mxxxx Xxxxxxx shall continue to serve as WRAP‘s CEO and will be given a three year employment contract for such services, with such contract including standard indemnity provisions and provision for director and officer insurance.
Sample 1
Change in Management and Board. The change in management and of the Board of Directors of Compass shall have occurred satisfactory to Tsingda’s counsel.
Sample 1
Change in Management and Board. Upon execution of the Agreement, Xxxxx Xxxxxx shall be appointed as a member of the board of directors of Pubco. Xxxx Adruval Xxxxxxxx Xxxxxxxxx and Xxxxxx Xxxxxxx Xxxxxxxx shall resign as members of the board of directors and officers of Pubco, effective as of the Closing Date. Prior to the Closing Date, Messrs. Xxxxxxxxx and Xxxxxxxx shall cancel and return to treasury an aggregate of 38,000,000 shares of common stock of Pubco (the “Share Cancellation”).
Sample 1

Related to Change in Management and Board

  • Change in Management Permit a change in the senior management of Borrower.

  • Change of Control/Change in Management (i) Any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), is or becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act, except that a Person will be deemed to have “beneficial ownership” of all securities that such Person has the right to acquire, whether such right is exercisable immediately or only after the passage of time), directly or indirectly, of more than 35% of the total voting power of the then outstanding voting stock of the Parent;

  • Change in Management or Control The Adviser shall provide at least sixty (60) days' prior written notice to the Trust of any change in the ownership or management of the Adviser, or any event or action that may constitute a change in “control,” as that term is defined in Section 2 of the Act .. The Adviser shall provide prompt notice of any change in the portfolio manager(s) responsible for the day-to-day management of the Funds.

  • Change in Board of Directors Individuals who, as of the date hereof, constitute the Board, and any new director whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least two thirds of the directors then still in office who were directors on the date hereof or whose election for nomination for election was previously so approved (collectively, the “Continuing Directors”), cease for any reason to constitute at least a majority of the members of the Board;

  • Independent Directors Those Directors who are not “interested persons” of the Company as such term is defined in the 1940 Act.

  • Changes in Management Except as disclosed in the Registration Statement, the General Disclosure Package and the Prospectus, none of the persons who were officers or directors of the Company as of the date of the Pre-Pricing Prospectus has given oral or written notice to the Company or any of its subsidiaries of his or her resignation (or otherwise indicated to the Company or any of its subsidiaries an intention to resign within the next 24 months), nor has any such officer or director been terminated by the Company or otherwise removed from his or her office or from the board of directors, as the case may be (including, without limitation, any such termination or removal which is to be effective as of a future date) nor is any such termination or removal under consideration by the Company or its board of directors.

  • Change Management BNY Mellon shall require that changes to its network or software used to provide the services are tested and applied pursuant to a documented change management process.

  • CHANGE IN CONTROL OF THE CORPORATION Change in Control of the Corporation" shall mean a change in control of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A promulgated under the Securities Exchange Act of 1934, as amended ("Exchange Act"), or any successor thereto, whether or not the Corporation is registered under the Exchange Act; provided that, without limitation, such a change in control shall be deemed to have occurred if (i) any "person" (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) is or becomes the "beneficial owner" (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Corporation representing 25% or more of the combined voting power of the Corporation's then outstanding securities; or (ii) during any period of two consecutive years, individuals who at the beginning of such period constitute the Board of Directors of the Corporation cease for any reason to constitute at least a majority thereof unless the election, or the nomination for election by stockholders, of each new director was approved by a vote of at least two-thirds of the directors then still in office who were directors at the beginning of the period.

  • Change in Name Give Lender written notice immediately upon forming an intention to change its name, state of organization or form of business organization.

  • Change in Control of the Company For purposes of this Agreement, a “Change in Control of the Company” shall be deemed to have occurred if:

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