Appointment of the Board of Directors Sample Clauses

Appointment of the Board of Directors. Each director will be appointed by the Council of Ministers, on the recommendation of a nominating committee to hold office for a fixed term, which can be renewed. In making a recommendation, the nominating committee must select nominees pursuant to a merit-based search and evaluation process in accordance with the highest standards of corporate governance.
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Appointment of the Board of Directors. The members of the Board of Directors shall be appointed as follows: 3.2.1 The Board member representing each Party shall be appointed by the governing body of each respective Party, except that the governing bodies of the Princeton- Xxxxxx-Xxxxx Irrigation District and Provident Irrigation District shall collectively appoint one Board member to represent Princeton-Provident; provided, however, the person appointed shall either be an elected member of the governing body of the Party or the manager (or comparable representative) of the Party. 3.2.2 The Board members of the Parties appointed in accordance with Section 3.2.1 above shall constitute the Stakeholder Appointing Body. The Stakeholder Appointing Body shall have no other functions except to appoint and remove Stakeholder representatives to the Board of Directors, and in regard to these functions, each Board member on the Stakeholder Appointing Body shall have one vote. A majority vote of the Stakeholder Appointing Body shall be required to appoint or remove a Stakeholder representative. 3.2.3 Prior to the appointment of the Stakeholder representatives, the Stakeholders shall submit to the Stakeholder Appointing Body a recommended appointment for their respective representatives. The recommended appointment shall either be an elected member of the governing body of the Stakeholder or the manager (or comparable representative) of the Stakeholder. The Stakeholder Appointing Body shall give consideration to the Stakeholders’ recommendations, but shall retain the absolute discretion to disapprove appointments recommended by Stakeholders. If a Stakeholder appointment is disapproved, the Stakeholder may resubmit recommended appointments until a recommended appointment is approved.
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Appointment of the Board of Directors. The Board of Directors (the “JV Board”) shall consist of three (3) of the Parties. These will include: a) Two (2) directors appointed by Cannabis Global or NPE. b) One (1) director appointed by Caliwanna. The Directors, as outlined above, shall serve during the Term of this Agreement. Should any appointed director resign for any reason or be unable to perform his or her duties, a replacement shall be named as outlined above.
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Related to Appointment of the Board of Directors

  • Board of Directors The Board of Directors of the Company is comprised of the persons set forth under the heading of the Pricing Prospectus and the Prospectus captioned “Management.” The qualifications of the persons serving as board members and the overall composition of the board comply with the Exchange Act, the Exchange Act Regulations, the Xxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder (the “Xxxxxxxx-Xxxxx Act”) applicable to the Company and the listing rules of the Exchange. At least one member of the Audit Committee of the Board of Directors of the Company qualifies as an “audit committee financial expert,” as such term is defined under Regulation S-K and the listing rules of the Exchange. In addition, at least a majority of the persons serving on the Board of Directors qualify as “independent,” as defined under the listing rules of the Exchange.

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