Key Man Event. From and after the Effective Date for so long as Centerbridge continues to hold at least the Minimum Ownership Threshold, in the event that the Chief Executive Officer or President of the Company, TypTap Insurance Company or Exzeo USA, Inc. as of the date hereof ceases to be the Chief Executive Officer or President of the Company, TypTap Insurance Company or Exzeo USA, Inc., as applicable (the “Key Man Event”), then his successor will be identified and selected by a special committee of the Board, which committee shall include the Centerbridge Director.
Appears in 4 contracts
Samples: Shareholders Agreement (TypTap Insurance Group, Inc.), Preferred Stock Purchase Agreement (TypTap Insurance Group, Inc.), Shareholders Agreement (HCI Group, Inc.)
