Committee Powers. These Terms of Reference do not give the Committee the power to take any action which abrogates or has the effect of abrogating the authority of the Board to make any decision affecting the Company, without the consent of: • if Olive HoldCo’s equity proportion (as defined in the Articles) is at least 15 per cent., at least one director nominated by Olive HoldCo; and • If Red’s equity proportion (as defined in the Articles) is at least 10 per cent., at least one director nominated by Red.
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Samples: Shareholders’ Agreement (Coca-Cola Enterprises, Inc.), Shareholders’ Agreement
Committee Powers. These Terms of Reference do not give the Committee the power to take any action which abrogates or has the effect of abrogating the authority of the Board to make any decision affecting the Company, without the consent of: • if Olive HoldCo’s equity proportion (as defined in the Articles) is at least 15 per cent., at least one director nominated by Olive HoldCo; and • If if Red’s equity proportion (as defined in the Articles) is at least 10 per cent., at least one director nominated by Red.. PART 3 REMUNERATION COMMITTEE
Appears in 1 contract
Samples: Shareholders’ Agreement (Coca-Cola Enterprises, Inc.)
Committee Powers. These Terms of Reference do not give the Committee the power to take any action which abrogates or has the effect of abrogating the authority of the Board to make any decision affecting the Company, without the consent of: • if Olive HoldCo’s equity proportion (as defined in the Articles) is at least 15 per cent., at least one director nominated by Olive HoldCo; and • If if Red’s equity proportion (as defined in the Articles) is at least 10 per cent., at least one director nominated by Red.
Appears in 1 contract
Samples: Shareholders’ Agreement