Company Board of Directors. (i) The Plan shall provide that as of the Effective Date, the Company Board shall have nine (9) members and three (3) of such members shall be persons designated by Purchaser (the “Purchaser Board Designees”), one to each class of directors of the Company Board (if the Company has a staggered board of directors); provided, that such designees shall be identified by name and in writing to the Company no later than 10 Business Days prior to the voting deadline established by the Bankruptcy Court. Subject to the rights provided under the Fairholme/Pershing Agreements, the remaining members of the Company Board on the Effective Date shall be chosen by the Company in consultation with Purchaser.
Appears in 7 contracts
Samples: Cornerstone Investment Agreement (General Growth Properties, Inc.), Non Control Agreement (Pershing Square Capital Management, L.P.), Cornerstone Investment Agreement (General Growth Properties Inc)
