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 Mx. Xx Xxxx as an executive director of the Issuer with effect immediately upon the presentation of Mx. Xxxx Changshan’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:
(1) increase the size of the Board to ten (10) members and appoint Wxxxxxx X. Xxxxx to fill the newly created directorship on the Board as a member of the class of directors with terms expiring at the 2003 Annual Meeting (each, a “Class 1 Director”); and
(2) appoint Mx. Xxxxx to the Corporate Governance Committee and the Nominating Committee of the Board.
Appointment of New Director. Promptly following the execution of this Agreement, Company’s Board of Directors (the “Board”) and all applicable committees of the Board shall take all action necessary to (a) increase the size of the Board from six to seven directors, and (b) appoint Xxxxxx X. Xxxxxx (the “Designee”) as a Class II director of Company with a term expiring at Company’s 2018 Annual Meeting of Stockholders (the “2018 Meeting”). The Board shall, in connection with the 2018 Meeting, nominate the Designee to stand for election with the other Class II directors of the Board.
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.
Appointment of New Director. Upon the Closing, the current director of Lux, Xxxx Xxxxx, will appoint Xxxxxxx Xxxx as the Chairman of the Board of Directors on Lux’s Board of Directors, which will then appoint Xxxxxxx Xxxx as the Chief Executive Officer of Lux to replace Xxxx Xxxxx and T. Xxxxxx Xxxxxxx, who will resign from all officer positions that they hold with Lux. Xxxxxxx Xxxx will have the ability to cast a deciding vote of the Board of Directors in the event that the Board of Directors is dead-locked on any decision, for as long as Xxxxxxx Xxxx and Xxxx Xxxxx are the only two directors of the Company. Xxxxxxx Xxxx may appoint all other executive officers of Lux to replace Xxxx
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. (1) The Board shall immediately take action to add, at a minimum, one (1) new independent director. The term “independent director” means a person who is not an officer or employee of the Bank, and who is not a director, officer or employee of its affiliates (as the term “affiliate” is defined in 12 U.S.C. § 371c(b)(1)), or a family member of any such person.
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.
