Change in Management and Board Sample Clauses

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.
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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.
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.
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”).
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.

Related to Change in Management and Board

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

  • Management Board 6.1 The Management Board is responsible for the overall strategic direction of the Integrated Service. Its functions and terms of references are set out in Schedule 3 Part I to this Agreement.

  • 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.

  • Labour Management Committee (a) Where the parties mutually agree that there are matters of mutual concern and interest that would be beneficial if discussed at a Labour-Management Committee Meeting during the term of this Agreement, the following shall apply.

  • 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;

  • Senior Management and Boards of Directors 1. Neither Party may require that an enterprise of that Party that is a covered investment appoint to senior management positions natural persons of any particular nationality.

  • Labour Management Relations Committee 20.01 The parties recognize that a forum for ongoing discussions during the term of the Agreement can promote more harmonious labour relations between them.

  • 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.

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