Consent or Approval of Company. Whenever the waiver, consent or approval of the Company is required herein or is desired to amend this Agreement or waive any requirement in this Agreement, such consent, approval, amendment or waiver may only be given by the Company if and when approved by a majority of the Company’s then independent directors; provided, however, that the independent directors may delegate this authority to executive officers of the Company if the Stockholder seeking or benefiting from the consent, approval, amendment or waiver is not serving as an officer or director of the Company.
Appears in 8 contracts
Samples: Lock Up and Leak Out Agreement (Accelera Innovations, Inc.), Lock Up Agreement (Real Hip-Hop Network, Inc), Lock Up and Leak Out Agreement (Real Hip-Hop Network, Inc)
Consent or Approval of Company. Whenever the waiver, consent or approval of the Company is required herein or is desired to amend this Agreement or waive any requirement in this Agreement, such consent, approval, amendment or waiver may only be given by the Company if and when approved by a majority of the Company’s then independent directors; provided, however, that the independent directors may delegate this authority to executive officers of the Company if the Stockholder Shareholder seeking or benefiting from the consent, approval, amendment or waiver is not serving as an officer or director of the Company.
Appears in 2 contracts
Samples: Leak Out Agreement (Regenicin, Inc.), Leak Out Agreement (Med Control)
Consent or Approval of Company. Whenever the waiver, consent or approval of the Company is required herein or is desired to amend this Agreement or waive any requirement in this Agreement, such consent, approval, amendment or waiver may only be given by the Company if and when approved by a majority of the Company’s 's then independent directors; provided, however, that the independent directors may delegate this authority to executive officers of the Company if the Stockholder seeking or benefiting from the consent, approval, amendment or waiver is not serving as an officer or director of the Company.
Appears in 1 contract
Samples: Lock Up and Leak Out Agreement (FairWind Energy Inc.)
Consent or Approval of Company. Whenever the waiver, consent or approval of the Company is required herein or is desired to amend this Agreement or waive any requirement in this Agreement, such consent, approval, amendment or waiver may only be given by the Company if and when approved by a majority of the Company’s then independent directors; provided, however, that the independent directors may delegate this authority to executive officers of the Company if the Stockholder such Shareholder seeking or benefiting from the consent, approval, amendment or waiver is not serving as an officer or director of the Company.
Appears in 1 contract
