Examples of New Board of Directors in a sentence
Upon the issuance of the New Equity Interests and the occurrence of the Effective Date,, the operation of the Reorganized Debtors shall become the general responsibility of its New Board of Directors, subject to, and in accordance with, the Amended Bylaws.
The identity of the members of the initial New Board of Directors will be disclosed at or prior to the Confirmation hearing in accordance with § 1129(a)(5).
At or after the Closing, a omnibus stock and incentive plan or stock option plan for the benefit of eligible employees of New GP, the Reorganized Debtor and their Affiliates will be adopted and approved by the New Board of Directors of New GP.
The New Directors shall continue to serve as the New Board of Directors in accordance with the terms of the New Organization Documents.
Four (4) members of the New Board of Directors shall be appointed by the Ad Hoc Committee.