Amendment of Section 2 of the Agreement Sample Clauses

Amendment of Section 2 of the Agreement. Section 2 of the Agreement is hereby amended to read in its entirety as follows:
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Amendment of Section 2 of the Agreement. Section 2(a)(i) of the Agreement is hereby amended and restated to read in its entirety as follows: (i) As of the date of Amendment No. 1 to this Agreement, the Board will consist of: (1) Xxxxxx Xxxxx (as the Chief Executive Officer Director); (2) Xxxxxxx Xxxxxxxxx (as an Independent Director); (3) Xxxxx X’Xxxxx (as an Independent Director); (4) Xxxxxxx Xxxxxxxx (as an Independent Director); (5) Xxxxxxx Xxxxxx (as an Independent Director); (6) Xxxx Xxxxx (as a Series A-1 Preferred Director); (7) Xxx Xxxxx (as a Series A-1 Preferred Director); (8) Xxxxxx Xxxxxx (as the Series B Preferred Director); and (9) Xxx Xxxxxx (as the Mutual Director). From and after the Initial Closing Date, the Investors and the Company shall take all reasonable action within their respective power, including, but not limited to, the voting of (or acting by written consent with respect to) all shares of voting capital stock of the Company Owned by them (including the Shares), required to cause the Board to consist of nine (9) members (provided that the number of directors that may serve on the Board may be expanded in accordance with Section 2(a)(ii) hereof) which shall include: (A) the then-current Chief Executive Officer of the Company; (B) four (4) representatives (each an “Independent Director”) designated by (x) the Majority Institutional Investors and Xxxxxx Xxxxx for so long as Xx. Xxxxx is an employee of the Company or its subsidiaries, or (y) if Xx. Xxxxx is no longer an employee of the Company, vote or consent of a majority of the members of the Board at the time of determination, provided such majority approval includes the approval of a Series A-1 Preferred Director (the “Required Board Approval”); provided, that, absent an agreement between the Majority Institutional Investors and Xxxxxx Xxxxx (for so long as Xx. Xxxxx is an employee of the Company or its subsidiaries) or the Required Board Approval, as applicable, with respect to the designation of any such Independent Director, such directorship shall remain vacant until such time as such holders reach an agreement with respect to such directorship; (C) one (1) representative designated by the holders of record of at least a majority of the outstanding shares of Series B Preferred Stock, exclusively and as a separate class, in accordance with the terms of the Certificate of Incorporation (the “Series B Preferred Director”); (D) one (1) representative shall be designated by holders of record of at least a majority of ...
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Amendment of Section 2 of the Agreement. Section 2 of the Agreement is hereby deleted and replaced in its entirety with the following:
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Amendment of Section 2 of the Agreement. The Agreement is hereby amended by deleting the text that presently appears in the first sentence of Section 2 thereof in its entirety and inserting in lieu thereof the following: “The parties agree that the current term of the Executive’s employment with the Company shall be for a two-year term ending on March 1, 2009 (the “Term”).”
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Amendment of Section 2 of the Agreement. Section 2 of the Agreement is hereby amended by deleting such Section in its entirety and inserting in its place the following new Section 2.
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Amendment of Section 2 of the Agreement. Section 2 of the Agreement is hereby amended to add the following paragraph: Notwithstanding any other provisions of this Section 2, for the period commencing on November , 2011 and so long as Induction Tooling receives exemptions from taxation granted under this agreement as described in Section 5, Induction Tooling will commit to retaining sixteen (16) full-time permanent jobs at the PROJECT SITE.
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Amendment of Section 2 of the Agreement. Section 2(a)(i) of the Agreement is deleted in its entirety and replaced with the following new sentence: “During the Employment Period, Executive shall serve the Company as its and and report directly to the Company’s . Executive shall also perform such other duties as the Company’s Chief Executive Officer or shall reasonably determine.”
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Related to Amendment of Section 2 of the Agreement

  • Amendment of Section 10 1. Section 10.1 of the Note Agreement is amended to read in its entirety as follows:

  • Amendment of Section 2 9. Section 2.9 of the Agreement is hereby amended to read as follows:

  • Amendment of Section 1.1 Section 1.1 of the Credit Agreement is hereby amended by inserting the following new definitions in the appropriate locations according to alphabetical order, or by amending and restating existing definitions to read as indicated, as applicable:

  • Amendment of Section 3 Section 3 of the Employment Agreement is hereby deleted in its entirety and replaced with the following: Term. Unless otherwise terminated in accordance with Sections 8, 9, 10 or 11, the Employment Term shall be for a term ending April 30, 2015. This Agreement shall be automatically renewed for successive additional Employment Terms of one (1) year each unless notice of termination is given in writing by either party to the other party at least thirty (30) days prior to the expiration of the initial Employment Term or any renewal Employment Term.

  • Amendment of Section 4 4. Pursuant to Section 9.2 of the Indenture, Section 4.4(b) of the Indenture is hereby amended and restated in its entirety to read as follows:

  • Amendment of Section 7 2.10(f). Clause (iii) of Section 7.2.10(f) of the Credit Agreement is hereby amended and restated in its entirety to the following:

  • Amendment of Section 6 14. Section 6.14 of the Credit Agreement is amended to read as follows:

  • Amendment of Section 5 02. The third paragraph following Section 5.02(a)(vi) is hereby replaced in its entirety with the following: On each Distribution Date, the Trustee, subject to Section 5.01, shall distribute to the Holders of the Class SES Certificates, any Ancillary Income, which shall be treated as paid outside the Lower-Tier REMIC and the Upper-Tier REMIC.

  • Amendment of Section 1 Section 1 of the Rights Agreement is supplemented to add the following definitions in the appropriate locations:

  • Amendment of Section 9.2. Section 9.2 of the Credit Agreement is hereby amended to read in its entirety as follows:

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