Examples of Company Nominee in a sentence
For a period of one or two years after the Effective Time, depending on the class to which such Company Nominee is initially elected, IHK shall cause each such Company Nominee to be nominated for re-election to an additional three year term at the expiration of his initial term in office.
If at any time in the interim between annual meetings of stockholders or special meetings of stockholders called for the election of directors, vacancies exist on the Board of Directors, such vacancies shall be filled by the appointment of directors, either by (i) the remaining Company Nominees, if such vacancy was created by a Company Nominee, or (ii) the remaining Acquiror Nominees, if such vacancy was created by an Acquiror Nominee.
Upon receipt by Nominee of any income, proceeds or other available cash relating to any portion of the Property beneficially owned the Company, Nominee shall first pay all outstanding amounts due and payable to lenders or creditors with respect to such Property and shall remit the balance of such proceeds, if any, to the Company as soon as practicable after receipt thereof.
Upon direction (written or oral) by the Company, Nominee shall execute any documents or instruments relating to or in connection with the Property.
Upon appointment to the Board of the Company, Nominee shall resign from the Board of Directors of the Company, upon the request of the Chairman of the Board or Chief Executive.
Each of Sachem Head and Nominee further acknowledges that, should Nominee be elected to the Board of Directors of the Company, Nominee will be acting as a director of the Company, on behalf of the Company and all of its stockholders, independent of and not controlled by Sachem Head, and all of Nominee’s activities and decisions as a director of the Company will be governed by applicable law and subject at all times to his or her fiduciary duties to the Company and its stockholders.
At the Effective Time, each of the persons listed on Schedule C attached hereto shall be elected to the Board of Directors of the Surviving Corporation; provided that, New Holdco may, in its sole discretion, designate a member of the Company's Board of Directors (a "Company Nominee") to join the Board of Directors of the Surviving Corporation at the Effective Time.
At the Effective Time, the Purchaser Board shall be comprised of no more than eight (8) directors including the Company Nominee.
Prior to the Effective Time (as defined in the Merger Agreement), this Agreement may be amended only by a document in writing signed by the Company and each Millxx Xxxity; after the Effective Time, this Agreement may be amended only by a document in writing signed by each Millxx Xxxity and each Company Nominee.
In the event that New Holdco designates a Company Nominee, and the Company Nominee agrees to serve on the Board of Directors of the Surviving Corporation, the Surviving Corporation shall take all actions necessary and appropriate to appoint the Company Nominee to the Board of Directors of the Surviving Corporation as of the Effective Time, including, without limitation, expanding the size of its Board of Directors by one (1) seat or causing one of its directors to resign as of the Effective Time.