Board of Directors of Acquiror. Promptly following the Effective Time, the Board of Directors of Acquiror will take all actions necessary such that Richxxx X. Xxxxxxxx xxxll be appointed to Acquiror's Board of Directors as a Vice Chairman of the Company with a term expiring at the annual meeting of Acquiror's stockholders in 2001.
Board of Directors of Acquiror. Promptly following the Effective Time, the Board of Directors of Acquiror will take all actions necessary such that Xxxxxx X. Xxxxxxxx, who as of the date hereof is the Chief Executive Officer of the Company, shall be appointed to Acquiror's Board of Directors with a term expiring at the annual meeting of Acquiror's stockholders to be held in calendar year 2000 (the "Year 2000 Meeting") and shall include Xxxxxx X. Xxxxxxxx in the slate of nominees recommended by Acquiror's Board of Directors to the stockholders of Acquiror at the Year 2000 Meeting.
Board of Directors of Acquiror. Upon the Closing, Xxxxxxx X. Xxxxx, Xxxxxx X. Xxxxxxxx and Xxxx Xxxxxx shall be elected as directors of Acquiror, to serve until the earlier of their removal or resignation.
Board of Directors of Acquiror. Promptly following the Effective Time, Acquiror will take all actions reasonably requested by Xxxx Xxxxxxxxxxxx, the Company's Chief Executive Officer, such that five designees of the Company and one designee of G-V Capital Corp., the placement agent in the Private Placement, shall be appointed as the sole members of Acquiror's Board of Directors.
Board of Directors of Acquiror. Promptly following the Effective Time, the board of directors of Acquiror will take all actions necessary such that Arnold S. Gumowitz, who as of the date hereof is the Chairman of thx Xxxxxxx, Xxxx X. Gumowitz, who as of the date hereof is the President of thx Xxxxxxx, xxx John W. Hughes, who as of the date hereof is the General Counsel xx xxx Xxxxxxy, shall be appointed to Acquiror's board of directors with a term expiring at the annual meeting of Acquiror's stockholders currently scheduled to be held in the second quarter of calendar year 2000 (the "Year 2000 Meeting") and shall include Arnold S. Gumowitz, Gary S. Gumowitz and John W. Hughes in txx xxxxx xx xxxinexx xxxxxxxxxxx xx Acquirxx'x xxxxx xx xirectors to the stockholders of Acquiror at the Year 2000 Meeting. While Arnold S. Gumowitz, Gary S. Gumowitz and/or John W. Hughes is servixx xx x xxxxxxxx xf Xxxxxxxx, Xxxxxror shaxx xxx xxx xxxsonable best efforts to insure that one of them who is so serving as a director is appointed to serve on the executive committee of the board of directors of Acquiror.
Board of Directors of Acquiror. At or prior to the Effective Time, Xxxxxxx X. Xxxxxxx, as designee of The Xxxxxxxxx Corporation ("TFC"), and Xxxxxxx X. Xxxxxxxx shall be elected to the Board of Directors of Acquiror, each to serve for a term of three years or until the earlier death, resignation or removal of such person, PROVIDED, HOWEVER, that if Xx. Xxxxxxx is unable to be a director for the full 3-year term due to his death or incapacitation, then the Board of Directors of the Company shall fill such vacancy by electing to the Board of Directors such member of Xx. Xxxxxxx'x immediate family as is designated by TFC; provided that such family member is reasonably acceptable to Acquiror and provided further that it is expressly agreed to and accepted that Xxxx Xxxxxxx and Xxxxxxx Xxxxxxx Hercot are acceptable designees.
Board of Directors of Acquiror. Promptly following the Effective Time, the Board of Directors of Acquiror will take all actions necessary such that Ronald Bloom, who as of the date hereof is the Chief Executive Ofxxxxx xx xxe Company, shall be appointed to Acquiror's Board of Directors with a term expiring at the annual meeting of Acquiror's stockholders to be held in calendar year 2000 (the "Year 2000 Meeting") and shall include Ronald Bloom in the slate of nominees recommended by Acquiror's Boxxx xx Xxxxxxors to the stockholders of Acquiror at the Year 2000 Meeting.
Board of Directors of Acquiror. At or prior to the Effective Time, Xxxxxxx X. Xxxxxxx, as designee of The Xxxxxxxxx Corporation ("TFC"), and Xxxxxxx X. Xxxxxxxx shall be elected to the Board of Directors of Acquiror, each to serve for a term of three years or until the earlier death, resignation or removal of such person, provided, however, that if Xx. Xxxxxxx is unable to be a director for the full 3-year term due to his death or incapacitation, then the Board of Directors of the Company shall fill such vacancy by electing to the Board of Directors such member of Xx. Xxxxxxx'x immediate family as is designated by TFC; provided that such family member is reasonably acceptable to Acquiror and provided further that it is expressly agreed to and accepted that Xxxx Xxxxxxx and Xxxxxxx Xxxxxxx Hercot are acceptable designees.
Board of Directors of Acquiror. Effective as of and after the Effective Time, the Board of Directors of Acquiror shall consist of persons selected by the Company and Acquiror whom are listed on Exhibit C of the Agreement; provided that in no event shall the members of the Board of Directors of the Acquiror immediately preceding the Effective Time constitute less than a majority of the Board of Directors immediately following the Effective Time.
Board of Directors of Acquiror. At Closing, the current Acquiror Board shall deliver duly adopted resolutions to: (a) appoint (i) Xxxxxx Xxxxxxx; and (ii) Xxxxxx Xxxxx to serve as directors of Acquiror; and (c) accept the resignations of the current officers of Acquiror and one of the directors of Acquiror effective as of the Closing.
