Appointment of New Director. Contingent upon and immediately following the execution of this Agreement, Company’s Board of Directors (the “Board”) will take all action necessary to increase the size of the Board by one, and Xxxxxxx X. Xxxx (the “Designee”) will be appointed to the Board as a Class II director with a term expiring at Company’s 2020 Annual Meeting of Stockholders (the “2020 Annual Meeting”) to fill the resulting vacancy.
Appointment of New Director. Five (5) Business Days after the Completion of the Agreement, the Vendor shall use its best endeavour to cause the Issuer to deliver to the Purchaser a certified true copy of the minutes of a meeting of the board of directors of the Issuer approving the appointment of Mr. Bi Wenhan as an executive director of the Issuer with effect immediately upon the presentation of Xx. Xxxx Xx’s resignation letter as referred to in Clause 20.1 above.
Appointment of New Director. The Company agrees that it will increase the size of the Board to eight (8) directors and to appoint a new director and it will use its commercially reasonable efforts to do so within 120 days of the date of the Agreement or as soon thereafter as practicable. Such new director will be selected by the Company’s Nominating and Corporate Governance Committee, will be an “independent director” under the New York Stock Exchange rules and will be an individual with meaningful experience in the financial services industry, including hedge funds, private equity or venture capital.
Appointment of New Director. The Company agrees that at the next regularly scheduled meeting of the Board on June 13, 2003, the Board will:
Appointment of New Director. Prior to the execution of this Agreement (i) the Corporate Governance and Nominating Committee of the Board (the “Nomination Committee”) has reviewed and approved the qualifications of the New Director to serve as a member of the Board, and (ii) the Board has determined that the New Director is “independent” under the listing standards of the New York Stock Exchange (“NYSE”). The Company agrees that (A) the Board and all applicable committees of the Board shall take all necessary actions (including, without limitation, calling a special meeting of the Board to approve all actions contemplated hereby) to (x) increase the size of the Board from eight to nine directors and appoint the New Director to fill the vacancy resulting from the increase in the size of the Board with such appointment to be effective upon the execution and delivery of this Agreement and (y) nominate the New Director as a candidate for election to the Board at the 2024 Annual Meeting for a term expiring at the Company’s 2025 Annual Meeting of Shareholders (the “2025 Annual Meeting”) and until his successor is xxxx elected and qualified, and (B) the Company shall solicit proxies for the election of the New Director at the 2024 Annual Meeting in the same manner as it recommends, supports, and solicits proxies for the election of the Company’s other director nominees.
Appointment of New Director. At the Closing the then existing directors of MACH ONE shall take those steps necessary to expand the current Board of Directors to six (6) directors and immediately nominate and elect to the Board of Directors of MACH ONE, Xxxxxxx Xxxxxx.
Appointment of New Director. Upon the Closing (as defined in Section 3.1 of this Agreement), the current director of Wytec International, Xxx Xxxxxxxxxx, will appoint Xxxxxxx Xxxx and Xxxxx Xxxxxxx as new directors on Wytec International’s Board of Directors, which will then appoint Xxxxxxx Xxxx as the Chairman of the Board and Chief Executive Officer of Wytec International to replace Xxx Xxxxxxxxxx, who will remain as a director, be appointed as the Chief Technical Officer of Wytec International, and resign from all other officer positions that he holds with Wytec International.
Appointment of New Director. In the evenx xx xxx xxxxxnation, death, removal or disqualification of the director elected pursuant to Section 1.2, Cross-Atlantic shall promptly nominate a new director, and, after written notice of the nomination has been given by Cross-Atlantic, the Company shall use its best efforts to cause such nominee to be elected to the Board of Directors; provided that Cross-Atlantic is then entitled to nominate a director pursuant to Section 1.1 above. John Friede, for so long as he remains a stockholder of the Companx, xxxxx vote or act with respect to his shares of capital stock of the Company to elect such nominee to the Board of Directors.
Appointment of New Director. As of the date of this Agreement, Company’s Board of Directors (the “Board”) and all applicable committees of the Board have taken all action necessary (including increasing the size of the Board by one directorship) to appoint Xxxxxx Frankfurt (the “New Director”) as a Class I director with a term expiring at Company’s 2018 Annual Meeting of Stockholders (the “2018 Annual Meeting”).
Appointment of New Director. Contingent upon and immediately following the execution of this Agreement, Tor X. Xxxxxx (the “Designee”) will be appointed to Company’s Board of Directors (the “Board”) as a Class II director with a term expiring at Company’s 2019 Annual Meeting of Stockholders (the “2019 Annual Meeting”). From the closing of the polls at Company’s 2018 Annual Meeting of Stockholders (the “2018 Annual Meeting”) and throughout the Restricted Period (as defined below), the Board will not increase the size of the Board to more than five directors.
