Conflict in the Election of the Chief Executive Officer. In case none of the names submitted by the Compensation Committee is approved by the Board of Directors (according to sub-clause 7.4), and the position remains vacant for a period of over two (2) months, this will characterize conflict in the election of the Chief Executive Officer, and will be solved according to the following mechanism:
Appears in 8 contracts
Samples: Shareholders Agreement (CPFL Energy INC), Shareholders Agreement (CPFL Energy INC), Shareholders Agreement (CPFL Energy INC)
