Change of Chief Executive Officer Sample Clauses

Change of Chief Executive Officer. Upon a change of the Company’s Chief Executive Officer, the Purchaser will be entitled to appoint four additional directors to the Company’s board of directors
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Change of Chief Executive Officer. Notwithstanding anything to the contrary herein, unless otherwise consented to by Sellers’ Representative (for and on behalf of the Noteholder and the holders of the Other Notes), such consent not to be unreasonably withheld, all obligations owing pursuant to this Note shall immediately become due and payable in the event that: (i) the Company’s parent, Vext Science, Inc. (“Vext”), completes a change of control transaction where Xxxx Xxxxxxxxxxx is not the Chief Executive Officer of the resulting issuer, (ii) Xxxx Xxxxxxxxxxx fails to hold the office of Chief Executive Officer of Vext for any other reason (other than death or disability), (iii) Xxxx Xxxxxxxxxxx fails to hold the office of Chief Executive Officer of Vext as a result of his death or disability and Xxxxx X. Xxxxxx is not appointed as Chief Executive Officer of Vext, or (iv) if appointed as a result of the death or disability of Xxxx Xxxxxxxxxxx, Xxxxx X. Xxxxxx fails to hold the office of Chief Executive Officer of Vext and Xxxx Xxxxxxxxxxx does not resume his duties as Chief Executive Officer of Vext (in the event that Xxxx Xxxxxxxxxxx is no longer disabled).
Sample 1
Change of Chief Executive Officer. Cause or permit the Chief Executive Officer of the Borrower to cease being directly involved in the executive management of the Borrower (as Chief Executive Officer, or otherwise) without notifying the Bank in writing (“CEO Change Notice”) of the occurrence of such event within five (5) Business Days after such occurrence (“Change Notice Period”). Upon delivery of such notice to the Bank, the Borrower may, for a period of 90 days from the date of such notice (the “Substitution Period”), seek a qualified replacement for the Chief Executive Officer that is reasonably acceptable to the Bank. If the Borrower fails to provide the CEO Change Notice, or fails to find a qualified replacement reasonably acceptable to the Bank within the Substitution Period, then the Bank may elect to (i) terminate the Commitment by so notifying the Borrower in writing (such notice being referred to herein as the “Termination Notice”) within thirty (30) days after the expiration date of the Substitution Period (or, in the case of a failure of Borrower to timely provide the CEO Change Notice, at any time after the of end of Change Notice Period), and (ii) accelerate the Termination Date to a date which is thirty (30) days after the date of the Termination Notice.
Sample 1
Change of Chief Executive Officer. The board of directors of the Company (the ‘‘Board’’) announces that Xx. Xxxx Xxxxx Xx Xxxxx (‘‘Xx. Xxxx’’) will leave his position as the chief executive officer of the Company (the ‘‘Chief Executive Officer’’) upon the expiry on 1 June 2019 of his service contract dated 25 April 2016 and entered into between the Company and Xx. Xxxx commencing on 1 June 2016. Xx. Xxxx will be retained by the Board as the managing director of the Group’s Supreme Catering business in order to focus his mind and efforts on the Group’s Supreme Catering business, with effect from 1 June 2019. Xx. Xxxx has confirmed that he has no disagreement with the Board and that there is no other matter in connection with his leaving as the Chief Executive Officer that needs to be brought to the attention of the shareholders of the Company (the ‘‘Shareholders’’) and the Stock Exchange. The Board also announces that Xx. Xxx Xxx Xxx Kenji (‘‘Xx. Xxx’’), who has been appointed as an executive director of the Company (the ‘‘Executive Director’’) since 1 November 2016, will be appointed by the Board as the Group Chief Executive Officer with effect from 1 June 2019 and will continue to act as an Executive Director. The brief biographical particulars of Xx. Xxx are set out below: Xx. Xxx, aged 34, has been appointed as an Executive Director and the business development director of the Group since November 2016 and is responsible for leading new business development, project development as well as leasing matters of the Group. He also holds directorships in most of the subsidiaries of the Company. Xx. Xxx joined the Group as the marketing and design officer in January 2007. He assumed the position as head of the project development department of the Group from early 2010 until the first half of 2015 and was responsible for formulating the development direction and store planning of the Group. Since May 2015, Xx. Xxx has become the head of the brand development department of the Group, and has been responsible for the Group’s corporate development, leasing cooperation and business diversification. Under his leadership, the Group has launched five new brands in less than a year to serve its customers, namely the Japanese donburi of ‘‘Nijuuichi Don’’, ‘‘BEAT Bakery’’ which uses the Japanese flour and natural fermentation technology, ‘‘MaoMao Eat’’ which is located at West Kowloon railway station and Centre for Heritage and Arts in Central, Hong Kong, ‘‘Senbadou’’, the self-service Japanese fast caus...
Sample 1

Related to Change of Chief Executive Officer

  • Chief Executive Officer The Chief Executive Officer shall, under the direction of the Member and Board of Managers, perform all duties incident to the office of Chief Executive Officer, have general charge of the business, affairs and property of the LLC and general supervision over the other Officers and any of the LLC's employees and agents and see that all orders and resolutions of the LLC are carried into effect.

  • The Chief Executive Officer The Chief Executive Officer or, if no Chief Executive Officer is elected, the President, subject to the direction of the Board of Directors, shall have direct charge of and general supervision over the day-to-day business and affairs of the Company.

  • President and Chief Executive Officer The president shall be the chief executive officer of the Trust, unless the Board of Trustees designates the chairman as chief executive officer. The chief executive officer shall see that all orders and resolutions of the Board of Trustees are carried into effect. The chief executive officer shall also be the chief administrative officer of the Trust and shall perform such other duties and have such other powers as the Board of Trustees may from time to time prescribe.

  • Chief Executive Office The chief executive office of Seller is located at 000 Xxxxxx Xxxxxx, Xxxxx 0000, Xxxx Xxxxx, Xxxxx 00000.

  • Chief Executive Offices The chief executive office of each Loan Party is located at the address set forth in Schedule 2 hereto.

  • Location of Chief Executive Office FEIN. The chief executive office of each Borrower is located at the address indicated in Schedule 5.7 and each Borrower's FEIN is identified in Schedule 5.7.

  • Name; Location of Chief Executive Office Except as disclosed in the Schedule, Borrower has not done business under any name other than that specified on the signature page hereof. The chief executive office of Borrower is located at the address indicated in Section 10 hereof.

  • Chief Executive Office; Records The chief executive office of such Assignor is located at the address or addresses indicated on Annex A hereto for such Assignor. Such Assignor will not move its chief executive office except to such new location as such Assignor may establish in accordance with the last sentence of this Section 2.4. The originals of all documents evidencing all Receivables and Contract Rights of such Assignor and the only original books of account and records of such Assignor relating thereto are, and will continue to be, kept at such chief executive office, at one or more of the locations set forth on Annex A hereto or at such new locations as such Assignor may establish in accordance with the last sentence of this Section 2.4. All Receivables and Contract Rights of such Assignor are, and will continue to be, maintained at, and controlled and directed (including, without limitation, for general accounting purposes) from, the office locations described above or such new location established in accordance with the last sentence of this Section 2.4. No Assignor shall establish new locations for such offices until it shall have given to the Collateral Agent notice of its intention to do so unless (i) such Assignor shall give to the Collateral Agent written notice of any such relocation of its chief executive office within 10 days following such relocation, clearly describing such new location and providing such other information in connection therewith as the Collateral Agent may reasonably request and (ii) with respect to such new location, it shall take all action, reasonably satisfactory to the Collateral Agent, to maintain the security interest of the Collateral Agent in the Collateral intended to be granted hereby at all times fully perfected and in full force and effect.

  • President Unless the Trustees otherwise provide, the President shall preside at all meetings of the shareholders and of the Trustees. Unless the Trustees otherwise provide, the President shall be the chief executive officer.

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