Appointment of Board Member. At all such times from the Closing until such time as the Debenture remains outstanding in whole or in part, the Company shall have the right to appoint a member to the Board of Directors to (the "Purchaser's Designee"). If within 30 days of the Company's election to appoint it's Purchaser's Designee to the Board of Directors of the Company, such appointment of the Purchaser's Designee has not occurred other than by reason of legal prohibitions or restrictions, the number of Warrant Shares purchasable pursuant to the Warrant shall be increased by 10,000 per month (including such initial 30 day period) such appointment has not occurred. The Company must provide and keep in effect officers' and directors' liability insurance for the Purchaser's Designee which liability insurance shall be satisfactory to Purchaser, and such Purchaser's Designee shall be entitled to receive reasonable and customary director's fees and such other compensation as is ordinarily given to the Company's directors as well as the reimbursement of all out of pocket expenses.
Appointment of Board Member. At the respective Closing following which Kardan Technologies Ltd. ("Kardan") shall hold, directly or indirectly, at least 9% of the Parent's issued and outstanding share capital, the Parent shall cause the appointment of one person designated by Kardan as a member of the board of directors of Parent, to hold office until the next general meeting of the Parent's shareholders.
Appointment of Board Member. The person designated by Kardan shall have been appointed as a member of the board of directors of Parent.
Appointment of Board Member. Within 60 days following the Closing Date, the Buyer shall cause a nominee of the Seller that is reasonably acceptable to the Buyer to be appointed to the Buyer’s board of directors. Upon the expiration of the term of office of the Seller’s nominee or upon such individual’s resignation or removal, the Buyer shall use commercially reasonable efforts to nominate such individual or any other nominee of the Seller that is reasonably acceptable to the Buyer, at the Seller’s discretion, for election to the Buyer’s board of directors; provided, however, that the Buyer’s obligation contained in this sentence shall terminate as of the date that the number of shares of Buyer Common Stock owned by Seller represent less than 5% of the issued and outstanding shares of Buyer Common Stock.
Appointment of Board Member. Purchaser agrees that as soon as practically possible after the Closing, Purchaser shall cause to be elected one designee of Seller to serve as a member of Purchaser’s Board of Directors, without compensation. Such designee, or his or her successor as may be appointed by Seller, shall continue to serve on the Board for so long as Seller owns at least five (5%) percent of the outstanding shares of Purchaser’s common stock; provided that Seller, in its capacity as a Shareholder of Purchaser, exercises its right to vote and allocates all of its shares for the election of such designee Board member at each Annual Meeting of the Shareholders. All expenses associated with such member’s attendance at a Board Meetings share be borne by such member or by Seller.
Appointment of Board Member. 10.2 EMS shall appoint a member to Lightcollar’s Board of Directors. Such appointment shall be approved by Lightcollar. EMS agrees not to appoint, elect or nominate an additional member to the Lightcollar’s Board of Directors for at least 12 months after the Closing Preferred Shares
Appointment of Board Member. If the Debentures are not repaid in full on or by the 180th day following the Closing Date, the Purchasers shall have the right to appoint a member to the Board of Directors of UniPixel to (the “
Appointment of Board Member. ENET shall take those steps necessary to cause the nomination of one designee by Seller to serve on the board of ENET to be elected at the first annual meeting of stockholders of ENET after the Closing Date. Until such election, such designee shall be invited to attend Board meetings to provide input, but shall not be entitled to vote on any matters.
Appointment of Board Member. Purchaser shall have taken the necessary actions so that, effective immediately following the consummation of the Merger, Purchaser's Board of Directors shall have appointed one individual named by Seller, who shall be Xxxxxxx X. Xxxxxx unless he is unable to serve, to Purchaser's Board of Directors to serve until the next annual meeting of shareholders of Purchaser. Further, Xx. Xxxxxx shall be elected as co-chairman of the Board of Directors of Purchaser, effective immediately following the consummation of the Merger.
Appointment of Board Member. 10.2 After the Second Closing Date, Target shall appoint a member to Stella Blu’s Board of Directors. Such appointment shall be approved by Stella Blu. Target agrees not to appoint, elect or nominate an additional member to the Stella Blu’s Board of Directors for at least 12 months after the Closing Preferred Shares
