BOARD OF DIRECTOR APPROVALS. Subject to Section 3.03, if applicable, for so long as there are any Investor Directors serving on the Board, the Board shall not authorize, approve or ratify any action (a "Board Action"), at a meeting of the Board, by written consent or otherwise, without the approval of a minimum of six (6) members of the Board, of which at least two (2) of such six (6) members shall be Independent Directors, or in the event that the Board shall consist of less than six (6) members due to vacancies on the Board, the approval of all members of the Board shall be required for any Board Action.
Appears in 6 contracts
Samples: Governance Agreement (Goldman Sachs Group Inc/), Stock Purchase Agreement (Hexcel Corp /De/), Stockholders Agreement (Hexcel Corp /De/)
