Board of Directors; Advisory Board Sample Clauses

Board of Directors; Advisory Board. The Board of Directors of CEI will take such action as may be necessary (including increasing the size of the Board of Directors of CEI) to appoint to the Board of Directors of CEI after the Effective Time, effective at the Effective Time, one person selected by the Nominating Committee of CEI, who (i) is a member of the Board of Directors of the Company as of the date hereof, (ii) is willing to serve on the Board of Directors of CEI and (iii) would be eligible under CEI's by-laws and applicable resolutions of CEI's Board of Directors to be so nominated for election to the Board of Directors of CEI at the next annual meeting of CEI following the Effective Time. At the Effective Time, CEI shall cause the Surviving Corporation to establish an advisory board that will consist of approximately equal numbers of individuals designated by the Company and designated by CEI, which advisory board will provide advice and input regarding the implementation of the Merger and the ongoing operations of the Surviving Corporation.
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Board of Directors; Advisory Board. Buyer shall (a) create an advisory board for CharterBank after the Effective Time, (b) appoint each current director of Seller to such advisory board and (c) maintain such advisory board as composed for at least one year after the Effective Time, with the compensation for the advisory board to be determined by Buyer.
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Board of Directors; Advisory Board. (a) Effective as of the Effective Date, three members of the Seller Board designated prior to the Effective Date by Purchaser's Nominating and Corporate Governance Committee in accordance with its policies and procedures, as in effect as of the date of this Agreement, shall be appointed to the Purchaser Board and to the Board of Directors of Purchaser Bank.
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Board of Directors; Advisory Board. (a) The MHC, the Mid-Tier and Cincinnati Federal shall each take all action necessary to appoint Pxxxxx X. Xxxxxxx to their respective Board of Directors effective upon the Effective Time. After the Effective Date, the MHC, the Mid-Tier and Cincinnati Federal hereby agree to nominate him so that he may serve for a full three-year term as a director, subject to their respective corporate governance policies and criteria for the nomination of incumbent directors.
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Board of Directors; Advisory Board. (a) FFBI shall take all action necessary to appoint one member of PFSB's Board of Directors, selected by FFBI after consultation with PFSB, for a term ending in 2005, to the Boards of Directors of FFBI and First Federal Bank, effective immediately following the Effective Time.
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Board of Directors; Advisory Board. (i) On the Merger Effective Date, the directors of Bancorp and NSB shall consist of the directors of Bancorp and NSB, respectively, serving immediately prior to the Merger Effective Date and the trustees of MHC shall consist of the trustees of MHC serving immediately prior to the Merger Effective Date; PROVIDED, HOWEVER, that (A) John Bowen, the Chairman of the Board of Directors of Liberty Bancorp xx xx xxx date hereof, shall be appointed to each of the Board of Directors of Bancorp, the Board of Directors of NSB and the Board of Trustees of MHC, each such appointment to be for an initial term of not less than three (3) years and to be made as of the Merger Effective Date, and (B) an additional seat on each of the Board of Directors of Bancorp, the Board of Directors of NSB and the Board of Trustees of MHC shall be offered to one additional director of Liberty Bancorp (to be selected by Northfield in its sole discretion within 90 days after the Closing Date), such additional appointment to be for an initial term of not less than two (2) years.
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Board of Directors; Advisory Board. (a) First Bancorp shall take all action necessary to appoint one member of Home Building Bancorp's Board of Directors, selected by First Bancorp after consultation with Home Building Bancorp, to First Bancorp's and First Federal's Boards of Directors, effective immediately following the Effective Time.
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Board of Directors; Advisory Board. (a) Purchaser shall take all requisite action to cause Mx. Xxxxxx Xxxx and two (2) other members of Seller's Board of Directors immediately prior to the Effective Date to become members of Seller's Board of Directors after the Effective Date. Such two directors shall be selected by Seller's Board of Directors subject to the prior approval of Purchaser.
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Related to Board of Directors; Advisory Board

  • The Board of Directors Trustees of the Fund shall promptly notify the Company in writing of its determination of the existence of an irreconcilable material conflict and its implications.

  • Parent Board of Directors The Board of Directors of Parent will take all actions necessary such that two members of Company's Board of Directors reasonably acceptable to Parent, at least one of whom is an independent director of the Company's Board of Directors, shall be appointed to Parent's Board of Directors as of the Effective Time with a term expiring at the next annual meeting of Parent's stockholders.

  • Board of Directors Meetings The Company shall use its best efforts to ensure that meetings of its Board of Directors are held at least four times each year and at least once each quarter.

  • Board of Directors or Board The persons holding such office, as of any particular time, under the Articles of Incorporation of the Company, whether they be the Directors named therein or additional or successor 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.

  • Chairman of the Board of Directors The Chairman of the Board of Directors, if there be one, shall preside at all meetings of the Limited Partners and of the Board of Directors. The Chairman of the Board of Directors shall be selected from time to time by the Board of Directors. The Chairman of the Board of Directors shall also perform such other duties and may exercise such other powers as may from time to time be assigned by this Agreement or by the Board of Directors.

  • Board of Directors; Officers The Board of Directors and officers of Sub immediately prior to the Effective Time shall be the Board of Directors and officers, respectively, of the Surviving Corporation, until the earlier of their respective resignations or the time that their respective successors are duly elected or appointed and qualified.

  • Board of Directors Approval The Board of Directors of the Buyer --------------------------- shall have approved, ratified and affirmed the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby.

  • Meeting of the Board of Directors The Board of Directors of the Company may hold meetings, both regular and special, within or outside the State of Delaware. Regular meetings of the Board may be held without notice at such time and at such place as shall from time to time be determined by the Board. Special meetings of the Board may be called by the President on not less than one day’s notice to each Director by telephone, facsimile, mail, telegram or any other means of communication, and special meetings shall be called by the President or Secretary in like manner and with like notice upon the written request of any one or more of the Directors.

  • Committees of the Board of Directors The Board of Directors may designate one or more committees, each committee to consist of one or more of the directors of the Corporation. The Board of Directors may designate one or more directors as alternate members of any committee, who may replace any absent or disqualified member at any meeting of the committee. If a member of a committee shall be absent from any meeting, or disqualified from voting thereat, the remaining member or members present at the meeting and not disqualified from voting, whether or not such member or members constitute a quorum, may, by a unanimous vote, appoint another member of the Board of Directors to act at the meeting in the place of any such absent or disqualified member. Any such committee, to the extent permitted by applicable law, shall have and may exercise all the powers and authority of the Board of Directors in the management of the business and affairs of the Corporation and may authorize the seal of the Corporation to be affixed to all papers that may require it to the extent so authorized by the Board of Directors. Unless the Board of Directors provides otherwise, at all meetings of such committee, a majority of the then authorized members of the committee shall constitute a quorum for the transaction of business, and the vote of a majority of the members of the committee present at any meeting at which there is a quorum shall be the act of the committee. Each committee shall keep regular minutes of its meetings. Unless the Board of Directors provides otherwise, each committee designated by the Board of Directors may make, alter and repeal rules and procedures for the conduct of its business. In the absence of such rules and procedures each committee shall conduct its business in the same manner as the Board of Directors conducts its business pursuant to this Article III.

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