Representative Directors. The number of Representative Directors shall correspond to the number of Members of the Commission from time to time. Each Member of the Commission shall designate, by name or ex oficio, one public official to serve as its representative on the Board. The term “public official” means an individual who holds a local public office, as that term is defined in Section 19.42(7w) of the Wisconsin Statutes, for the Member of the Commission designating him or her as its Representative Director. Each Representative Director shall serve at the pleasure of the Member designating him or her to such position; provided, that a Representative Director shall be deemed to have resigned upon withdrawal from the Commission of the Member designating him or her to such position. A majority of the Directors shall at all times be Representative Directors except that such requirement shall not apply until the Commission has at least four (4)
Representative Directors. The number of Representative Direc- tors shall correspond to the number of Members of the Commission from time to time. Each Member of the Commission shall designate, by name or ex oficio, one public official to serve as its representative on the Board. The term “public official” means an individual who holds a local public office, as that term is defined in Sec- tion 19.42(7w) of the Wisconsin Statutes, for the Member of the Commission des- ignating him or her as its Representative Director. Each Representative Director shall serve at the pleasure of the Member designating him or her to such position; provided, that a Representative Director shall be deemed to have resigned upon withdrawal from the Commission of the Member designating him or her to such position. A majority of the Directors shall at all times be Representative Directors except that such requirement shall not apply until the Commission has at least four (4)
Representative Directors. 1. The Board of Directors shall appoint, by resolution, one (1) President, and if necessary, one (1) of more Chairpersons, Executive Vice Presidents, Senior Managing Directors and Managing Directors, respectively.
Representative Directors. The Company shall have two Representative Directors. The Representative Directors shall be elected through a meeting of the Board and the parties agree to cause their respectively nominated and elected directors to vote so as to elect such Representative Directors nominated by the Major Shareholders.
Representative Directors. The Company will have two Representative Directors. Prior to notice of the exercise by Napster of the Special Event of Default Option, Tower shall have the right, but not the obligation, to appoint a Representative Director, provided that this will constitute a Tower-nominated Director under Section 4.2 above. Prior to notice of the exercise by Tower of the Special Event of Default Option, Napster shall have the right, but not the obligation to a Representative Director provided that this will constitute a Napster Director under Section 4.2 above. Following any notice of the exercise of the Special Event of Default Option, the Major Shareholder who is not the Defaulting Party shall have the right to appoint both Representative Directors. In the event that Napster does not exercise its right to appoint a Representative Director, such Representative Director shall be appointed by the Board (the “Replacement Representative”), it being agreed and understood that so long as Tower has not given notice of the exercise of the Special Event of Default Option Napster shall retain the right to appoint a Representative Director at any time. Immediately after appointment, the Major Shareholders shall cause a Board meeting to be held in order to elect such Representative Director(s). The Major Shareholders shall cause the Directors appointed by each of them to affirmatively vote as Directors so as to cause the election of the Representative Director(s) selected in accordance with this Section 4.8, provided that nothing herein shall obligate a Shareholder or cause a Director to violate or act in contravention of any duty it or he/she may have under the Commercial Code or any other Applicable Law.
Representative Directors. (1) Not more than three (3) Representative Directors to represent the Company shall be elected by resolution of the Board of Directors.
Representative Directors. NEWCO shall have two (2) representative directors, one of whom shall be a director nominated by CDC and the other whom shall be a director nominated by ST. XXXX. At least one (1) representative director shall be a resident of Japan. The initial representative directors shall be Xxxxxxxxx Xxxxxx and Xxxxx Xxxxxxx. The Parties agree to, and agree to cause NEWCO to, require that the representative directors of NEWCO act jointly in authorizing any contract, agreement, obligation, commitment or any other matter by which NEWCO would be bound either directly or indirectly, and the Parties shall ensure that notice of such restriction is included in the Commercial Registry for NEWCO.
Representative Directors. The President, the Vice President, the Executive Managing Directors and the Managing Directors of S-Y shall each have the power to represent S-Y and be appointed the Representative Directors of S-Y and shall act in accordance with the resolutions and instructions of the Board of Directors.
Representative Directors. The operations of the JV will be conducted by two Representative Directors ("RD") elected from the Board of Directors. Walbro and DPI shall each nominate one RD which election shall be approved by the Board. The RDs shall operate under a Joint Representative Directors system whereby the DPI RD will make the day-to-day routine operations decisions. The Walbro RD will always be kept informed of the activities and consulted with important decisions on corporate actions.
Representative Directors. NEWCO shall have two (2) Representative Directors who shall be elected by the Board of Directors of NEWCO from among the members of the Board, provided that one of the Representative Directors shall always be an individual -------- nominated by BTI.
