Board of Directors of the Parent. At the Effective Time, the existing directors of Parent shall elect to the Board of Directors of the Parent between five (5) and seven (7) nominees of the Former Xxxxxxxxxxxx.xxx Stockholders, as designated by such Former Xxxxxxxxxxxx.xxx Stockholders, and immediately thereafter tender their own resignations from the Board of Directors of Parent.
Board of Directors of the Parent. The Board of Directors (the "Board") of the Parent shall consist of six (6) persons: one (1) person selected by Travelers (which shall initially be Xxxx Xxxxxx), one (1) person selected by Xxxxxxx Technology Partners, two (2) persons selected by Verus, and two (2) persons selected by the officers of the Parent.
Board of Directors of the Parent. The Parent agrees that concurrently with the Effective Time, the Parent shall take such action as may be necessary to enable Mr. Xxxxxxx Xxxx and Xx. Xxxxx Xxxx to be appointed to the Board of Directors of the Parent.
Board of Directors of the Parent. The Parent agrees to nominate the Executive for a position on the Board during the Employment Period; actual membership on the Board is however dependent upon favorable stockholder vote in accordance with the laws of Bermuda.
Board of Directors of the Parent. If so requested by the Seller Representative, in writing, within the six (6) months following the Closing, the Buyer and Parent shall take such action as shall be reasonably necessary to cause Xxxxxx Xxxxxx to be appointed to the board as directors of Parent, to be effective as of immediately after the Closing or as otherwise agreed to in writing between the Buyer and the Seller Representative; provided; however, that such appointment shall be subject to review and approval of the nominating committee or other similar governing body of Parent.
Board of Directors of the Parent. The initial Board of Directors (the "BOARD") of the Parent shall consist of seven (7) persons: two (2) persons selected by Citigroup/Travelers Insurance Company or an affiliate or designee thereof ("CITIGROUP") (one of whom shall be Xxxx Xxxxxx), three (3) persons selected by Verus (one of whom shall be Xxxxx Xxxx), and two (2) members of the management of the Parent (one of whom shall be Xxxx X. Xxxxx), and shall serve until the next annual meeting of the shareholders. The Bylaws of the Parent shall provide that a valid quorum of the Board shall consist of five (5) directors, one of whom shall be the Chairman of the Board. The Bylaws shall also provide for the establishment of an Executive Committee of the Board that will consist of Xxxx Xxxxx, Xxxx Xxxxxx and Xxxxx Xxxx, and a Compensation Committee that shall be comprised of two (2) independent directors according to the requirements of the American Stock Exchange. Following the Merger, Xxxxx Xxxxx shall remain as Secretary of Parent and Parent shall continue to honor the observer rights of certain Former FED Stockholders for regular meetings of the Board.
Board of Directors of the Parent. At the Effective Time, the then-existing members of the Parent Board shall resign from the Parent Board, and the board of directors of the Parent will then consist of seven (7) members, of which (i) one director will be appointed by the Parent Board existing prior to the Closing (the “Parent Board Designee”), effective as of the Closing, with such Parent Board Designee to be nominated to the Parent Board at the Parent’s 2019 annual meeting of stockholders, and of which (ii) the remaining directors will be appointed by the Company from the Company Board prior to the Closing (the “Company Board Designee”), effective as of the Closing, each to hold office until their successors have been duly elected or appointed and qualified or until their earlier death, resignation or removal in accordance with the Certificate of Incorporation and Bylaws of the Parent and applicable law.
Board of Directors of the Parent. At the Effective Time, two (2) of the then-existing members of the Parent Board shall resign from the Parent Board, and Xxxx Xxxxxxxxxxxx and one other director will be appointed by the Company from the Company Board existing prior to the Closing (the “Company Board Designees”), effective as of the Closing, each to hold office until their successors have been duly elected or appointed and qualified or until their earlier death, resignation or removal in accordance with the Certificate of Incorporation and Bylaws of the Parent and applicable law.
Board of Directors of the Parent. At the Effective Time, the existing directors of Parent shall elect to the Board of Directors of the Parent three (3) nominees of the Former FM&I Stockholders, as designated by such Former FM&I Stockholders, and immediately thereafter tender their own resignations from the Board of Directors of Parent.
Board of Directors of the Parent
