Independent Board. As of the date of this Agreement, the Board of Directors of the Company consists of three independent directors. At Closing, following the Merger, the Board of Directors of the Company shall consist of five directors, three of whom shall be independent. As of the date of this Agreement, the Audit and Compensation Committees of the Board of Directors of the Company are comprised, and at the Closing will be comprised, of independent directors.
Independent Board. As of the date of this Agreement, the Board of Directors of the Company consists of three (3) directors with 2 being “independent”, as defined in the rules promulgated under the 1934 Act.
Independent Board. As of the date of this Agreement, the Board of Directors of the Company consists of a three directors with a majority being independent as defined by the NASD. Within 30 days of Closing, the Board of Directors of the Company shall consist of five directors, three of whom shall be independent. As of the date of this Agreement, the Audit and Compensation Committees of the Board of Directors of the Company are comprised, and at the Closing will be comprised, of independent directors. PREFERRED STOCK PURCHASE AGREEMENT BETWEEN WIRELESS AGE COMMUNICATIONS, INC. AND BXXXXX PARTNERS LP PAGE 11 OF 29 ARTICLE V
Independent Board. Subject to clause 23 of the Administrative Agreement published under Government Notice R. 557 of 22 June 2001, the same conditions and criteria apply in respect of appeals from non-parties submitted in terms of the provisions of this Agreement.
Independent Board. The Investor covenants and agrees that, following the Closing hereunder, such Investor shall take all action necessary, and shall cause his controlled Affiliates to take all action necessary, to cause a majority of the total number of directors then serving on the Board to be independent directors as determined in accordance with the rules of the NYSE.
Independent Board. Within three (3) months of the Closing Date the Company must have an independent board in place (as defined by the NASDAQ Rules) of at least three English speaking independent directors with public board experience. Additionally, such Audit and Compensation Committees of the Board of Directors of the Company will be comprised of independent directors. Should the Company fail to meet the above requirements in the stated time frame, the Company shall pay to the Investor, pro rata, as liquidated damages and not as a penalty, an amount equal to Two Percent (2.0%) of the Purchase Price per month, payable monthly in cash or shares at the option of the Investor. COMMON STOCK PURCHASE AGREEMENT BETWEEN THE COMPANY AND INVESTORS LISTED IN SCHEDULE A
Independent Board. Within three (3) months post becoming a publicly traded entity on a United States exchange, the Company agrees to establish a Board of Directors consisting of a minimum of five directors with a majority being independent as defined by the NASDAQ Rules. Such Audit and Compensation Committees of the Board of Directors of the Company will be comprised of independent directors.
Independent Board. Not later than the first to occur of the Company’s next meeting of stockholders or September 30, 2007, the Company’s board of directors shall consist of a majority of independent directors. The independence of the directors shall be determined by the rules of the Nasdaq Stock Exchange unless the Common Stock is listed on the New York or American Stock Exchange, in which event independence shall be determined by the rules of such exchange.
Independent Board. As of the date of this Agreement, the Board of Directors of the Company consists of John R.
Independent Board. For a period of five (5) years from the Closing Date, Buyer agrees to appoint and nominate for election as iBIZ directors by the shareholders Alan Xxxxx xxx Ken Xxxxxxxxx. Xxyer's audit and compensation committee shall consist of a majority of outside independent directors as long as Sellers or the Schillings hold any common stock or other voting securities of Buyer.
