Common use of Directors of Subsidiaries Clause in Contracts

Directors of Subsidiaries. Subject to applicable laws, the size and composition of the boards of directors of the Company’s Subsidiaries shall be as determined by the Board; provided that, if at any time any Person other than an employee of the Company or any of its Subsidiaries (other than a Person who is also an employee, partner, member, shareholder or Affiliate of any Sponsor) or a local qualifying director is appointed to the board of directors of any Subsidiary of the Company, then each Board Designator shall have the right to designate a number of members to such board of directors in the same proportion as such Board Designator has the right to designate Sponsor Designees to the Board under Section 2.1.

Appears in 4 contracts

Samples: Shareholder Agreement, Shareholder Agreement (Avago Technologies LTD), Shareholder Agreement (Avago Technologies LTD)

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Directors of Subsidiaries. Subject to applicable laws, the The size and composition of the boards of directors of the Company’s Subsidiaries shall be as determined by the Board; provided that, if at any time any Person other than an employee of the Company or any of its Subsidiaries (other than a Person who is also an employee, partner, member, shareholder or Affiliate of any Sponsor) or a local qualifying director is appointed to the board of directors of any Subsidiary of the Company, then each Board Designator shall have the right to designate a number of members to such board of directors in the same proportion as such Board Designator has the right to designate Sponsor Designees to the Board under Section 2.1.

Appears in 1 contract

Samples: Shareholder Agreement (Avago Technologies Manufacturing (Singapore) Pte. Ltd.)

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Directors of Subsidiaries. Subject to applicable laws, the The size and composition of the boards of directors of the Company’s Subsidiaries shall be as determined by the Board; provided that, if at any time any Person other than (i) an Independent Director or (ii) an employee of the Company or any of its Subsidiaries (other than a Person who is not also an employee, partner, member, shareholder stockholder, agent, or Affiliate of any Sponsor) or a local qualifying director , is appointed to the board of directors of any Subsidiary of the CompanyCompany Subsidiary, then each Board Designator Sponsor shall have the right to designate a number of members to such board of directors in the same proportion as such Board Designator Sponsor has the right to designate Sponsor Designees to the Board under Section 2.1.

Appears in 1 contract

Samples: Stockholders Agreement (Toys R Us Inc)

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