Board of Directors Seat. Within Three Days (3) after the commencement of the Agreement, the Employer shall elect to, and grant to Employee, One (1) Seat on the Employer’s Board of Directors to represent the interests of the shareholders. The term for the seat on the Board shall be for a period of One (1) Year.
Board of Directors Seat. Xxxx Xxxxxxx General Vice President-Air Transport International Association of Machinists & Aerospace Workers 0000 Xxxxxxxxxx Xxxxx Upper Marlboro, MD 20722-2687 Dear Xx. Xxxxxxx: On behalf of United Airlines Holdings, Inc., a Delaware corporation (the “Corporation”), reference is made to the Restated Certificate of Incorporation of the Corporation (the “Charter”). Capitalized terms used but not defined herein have the respective meanings set forth in the Charter. The Corporation hereby confirms that, pursuant to Part III of the Charter regarding the Class IAM Junior Preferred Stock, the IAM, as holder of the Class IAM Junior Preferred Stock, shall continue to have voting rights as prescribed therein until such time (the “IAM Termination Date”) as (i) there are no longer any persons represented by the IAM (or any IAM Successor) employed by the Corporation or any of its Affiliates or (ii) the letter agreement between the Corporation and the IAM, dated as of May 1, 2003, no longer provides that the IAM has the right to appoint a director of the Corporation. As set forth fully in Part III of the Charter, until the IAM Termination Date, the IAM as holder of the share of Class IAM Junior Preferred Stock shall have the right, voting as a separate class, to (1) elect one director to the Board of Directors at each annual meeting of stockholders for a term of office to expire at the succeeding annual meeting of stockholders, (2) remove such director with or without cause and (3) fill any vacancies in such directorship resulting from death, resignation, disqualification, removal or other cause. Please acknowledge and confirm your agreement with the terms set forth above by signing this letter agreement in the space indicated below. Sincerely, UNITED AIRLINES HOLDINGS, INC. /s/ Xxxxxx Xxxxxx Xxxxxx Xxxxxx Senior Vice President and Chief Legal Officer Acknowledged and agreed, INTERNATIONAL ASSOCIATION OF MACHINISTS & AEROSPACE WORKERS /s/ Xxxx Xxxxxxx Xxxx Xxxxxxx General Vice President-Air Transport April 14, 2023 LOA 9: Job Protections Xxxx Xxxxx President & Directing General Chairperson Air Transport Lodge District 141 International Association of Machinists & Aerospace Workers, AFL-CIO 0000 Xxxxxxxx Xxxxx, Xxxxx 000 Xxx Xxxxx Xxxxxxx, XX 00000 Dear Xx. Xxxxx: This confirms our understanding and agreement with respect to job protections and the contracting out of work. United hereby commits that, through December 31, 2026, the Company will not contract out any non-...
Board of Directors Seat. If the Osicom Merger has not closed on or before August 31, 2000, the Purchaser shall have the right, for so long as the Purchaser together with its members holds at least 350,000 shares of Series A Preferred Stock, to designate one member of the Board of Directors of the Company (and to fill the vacancy of such member in the event of the resignation, death or removal of such member). The nominee shall be required to complete a questionnaire in the same form as has been executed by all other directors of the Company. Subject to the approval of the existing directors upon review of such questionnaire and any other relevant information, such approval not to be unreasonably withheld, the existing directors will elect such nominee to the Board of Directors, and the Company shall include such designee in its proposed slate of directors for each subsequent annual meeting of stockholders, and such individual shall receive the same compensation as each other non-employee director of the Company.
Board of Directors Seat. On the ninety-first (91st) day following the execution of this Agreement, CyberDefender’s Board of Directors shall appoint a representative of GRM, as selected by GRM and reasonably acceptable to CyberDefender, to CyberDefender's Board of Directors (the “GRM Director”), unless a Party has delivered a notice of termination pursuant to Section 5.2 prior to such date, in which case there shall be no GRM Director. CyberDefender hereby acknowledges and agrees that it shall approve, execute, deliver and file, and shall cause its shareholders and Board of Directors, as the case may be, to approve, execute, deliver and file, any consents, amendments, filings, or other agreements or documents necessary to cause the GRM Director to be appointed to CyberDefender's Board of Directors as provided above. CyberDefender hereby acknowledges and agrees that the GRM Director (or any successor GRM Director designated by GRM in its sole discretion) shall, subject to and in accordance with CyberDefender’s articles of incorporation, bylaws and applicable law or regulation, continue to serve on CyberDefender's Board of Directors throughout the Term and thereafter so long as, and only so long as, GRM owns Common Stock, no par value, of CyberDefender (“Common Stock”), or holds warrants which grant GRM the right to purchase Common Stock of CyberDefender (whether vested or unvested), which collectively constitute at least five percent (5%) of CyberDefender’s issued and outstanding Common Stock on a fully diluted basis. CyberDefender agrees to enter into an indemnification agreement with the GRM Director on terms reasonably satisfactory to GRM indemnifying the GRM Director for any losses, damages or other expenses incurred by the GRM Director relating to or arising out of the GRM Director's performance of services as a member of CyberDefender's Board of Directors.
Board of Directors Seat. Within Three (3) Days after “the Closing”, the Company shall elect to, and grant to Investor, One (1) Seat on “the Company’s” Board of Directors, or as Managing Members to represent the interests of the Investor and its shareholders, according “the Company’s” Operating Agreement. The term for the seat(s) on the Board shall be for the duration of the Investors ownership interests in “the Company”.
Board of Directors Seat. At or subsequent to the Closing, the Purchaser shall have the right to designate one member of the Board of Directors of the Company to serve until the annual meeting of the shareholders of the Company in 2001. The nominee shall be required to complete a questionnaire in the same form as has been executed by all other directors of the Company. Subject to the approval of the existing directors upon review of such questionnaire and any other relevant information, such approval not to be unreasonably withheld, the existing directors will elect such nominee to the Board of Directors, and such individual shall receive the same compensation as each other non-employee director of the Company.
Board of Directors Seat. Upon the Start Date, the Company shall make available a Board seat for Employee. Employee shall remain on the Company’s Board throughout the duration of his employment as Director and CEO in a manner consistent with the Company’s bylaws. Expenses: The Company shall reimburse Employee for all expenses incurred on behalf of the Company withing 30 days of Employee submitting expenses for reimbursement. Such expenses shall be eligible for reimbursement as long as they are reasonable and compliant with the Company expense policies. As CEO, Employee shall be allowed to book First Class or Business Class airfare so long as the aggregate expenses remain within the Company’s approved travel budget and individual bookings are compliant with the Company’s approved executive travel/expense policy.
Board of Directors Seat. RGPI agrees to nominate and elect Xxxxx X. Xxxxxxxxx, Esq. to serve as a member of the Board of Directors of RGPI during the term of the Note as a condition subsequent to this Agreement. Failure to elect Xx. Xxxxxxxxx as a member of the Board of Directors prior to October 31, 1997 shall be deemed an Event of Default.
Board of Directors Seat. From the date hereof and continuing so long as the Purchaser owns at least 15% of the issued and outstanding common stock of the Company (calculated on the basis of all preferred stock being converted into common stock pursuant to the conversion formula set forth in the Company's Restated Articles of Incorporation), the Company will use reasonable and good faith efforts to cause to be elected as a member of the Company's Board of Directors one person nominated by the Purchaser; provided that the Board of Directors determines in the exercise of its fiduciary duties that the Purchaser's nominee is qualified to serve on the Board. If the Board so determines that the nominee is not qualified, then the Purchaser may make further nominations until the Board determines that the nominee is qualified.
Board of Directors Seat. The Required Holders shall have the right to nominate one member of the ShellCo's board of directors at the next annual meeting of the ShellCo's shareholders after May 18, 2007 provided that (i) such member has industry experience satisfactory to ShellCo, (ii) such member is independent in accordance with the NASDAQ rules regarding independence of directors and (iii) such member and nomination is subject to the ShellCo's corporate governance documents and requirements. Until such member is elected to the ShellCo's board of directors, the Required Holders shall have the right to nominate an observer to the ShellCo's board of directors provided that such observer is acceptable to the ShellCo. Notwithstanding the foregoing, Radcliffe SPC, Ltd., for and on behalf of the Class A Segregated Portfolio, shall not be entitled to participate under this Section 11 in the nomination of an observer to ShellCo's board of directors or in the nomination of a member to ShellCo's board of directors.
