Common use of Initial Designations Clause in Contracts

Initial Designations. The parties make the following designations pursuant to this Section 3: (a) Two of the Pagon Designees are Pagon and Xxxxxx X. Xxxxxxxxxx. (b) The Columbia Designee is Xxxxx X. Xxxxxx, III. (c) The Whitney Designee is Xxxxxxx X. Xxxxxx. (d) The Xxxxxxxx Designee is Xxxxxxx X. Xxxxx. (e) The Independent Directors specified in Section 3.1(e) are Xxxxx X. XxXxxxx, III, Xxxx X. Xxxxxxx and Xxxxxx X. Xxxxx, each of whom is currently a director of the Company. Immediately following the execution of this Agreement, the Board of Directors shall take such action as shall be required to create vacancies on the Board of Directors and to elect persons to the Board of Directors as specified in this Section 3.5. The parties will make their designations to the Committees at a later date.

Initial Designations. The parties make the following designations pursuant to this Section 3: (a) Two of the The Pagon Designees are Pagon and Xxxxx, Xxxxxx X. Xxxxxxxxxx. (b) The Columbia Designee is , Xxx X. Lodge and Xxxxx X. Xxxxxx, III. (c) The Whitney Designee is Xxxxxxx X. Xxxxxx. (db) The Xxxxxxxx Designee is Xxxxxxx X. Xxxxx. (c) The Spectrum Designee is Xxxxxxx X. Xxxxxxxx. (d) The Alta Designee is Xxxxxx X. Xxxxxx. (e) The Independent Directors specified in Section 3.1(e3.1(f) are Xxxxx X. XxXxxxx, III, Xxxx X. Xxxxxx, Xxxxxxx X. Phoenix and Xxxxxx X. Xxxxx, each of whom is currently a director of the Company. Immediately following the execution of this Agreement, the Board of Directors shall take such action as shall be required to create vacancies on the Board of Directors and to elect persons to the Board of Directors as specified in this Section 3.5. The parties will make their designations to the Committees at a later date.