Management Succession. At the Effective Time, Verne G. Istock shall be Chairman of the Board of the Surviving Coxxxxxxxxn and John B. McCoy shall be the President and Chief Executive Officer ox xxx Xxxxxxxng Corporation.
Management Succession. At the Effective Time, Xxxx X. Xxxxxxxxxx shall be Chairman of the Board and Chief Executive Officer of Parent. At the Effective Time, Xxxxxxx X. X. Xxxxx shall be the President and Chief Operating Officer of Parent.
Management Succession. At the Effective Time, Xxxxx X. Istock shall be Chairman of the Board of the Surviving Corporation and Xxxx X. XxXxx shall be the President and Chief Executive Officer of the Surviving Corporation.
Management Succession. At the Effective Time, E. Xxxx Xxxx shall be Chairman of the Board of the Combined Company and Xxxxxxx X. Xxxxxxx shall be the President and Chief Executive Officer of the Combined Company and otherwise the officers of Newco immediately prior to the Effective Time shall be the initial officers of the Combined Company and shall hold office until their respective successors are duly elected and qualified, or their earlier death, resignation or removal.
Management Succession. (a) At the Effective Time, Xx. Xxxxxxx X. Thomas shall be Chairman of the Board of the Surviving Corporation, and shall serve in such capacity until the annual meeting of stockholders of the Surviving Corporation (anticipated to be held on May 20, 1996). At the Effective Time, Xx. Xxxxx X. Istock shall be the President and Chief Executive Officer of the Surviving Corporation. Mr. Istock shall immediately and without further action of the Board of Directors become Chairman of the Board of the Surviving Corporation on the date (which in no event shall be later than May 31, 1996) upon which Xx. Xxxxxx ceases to be Chairman of the Board.
(b) At the annual meeting of stockholders of the Surviving Corporation (anticipated to be held on May 20, 1996), Xx. Xxxxxx shall retire from all positions he then holds as an officer of the Surviving Corporation or as an officer or employee of any of its Subsidiaries.
Management Succession. Paragraph 2.1 Xxxxxx confirms his consent to the nomination and selection of Xxxxxxx Xxxxx to be his successor as Chief Executive Officer and Chairman of the Board by executing the Special Board Resolution of March 16, 2005 attached hereto as Exhibit "B".
Management Succession. The Compensation Committee will, at least annually, review a succession plan for executive officers of the General Partner, which succession plan will include appropriate contingencies in case the Chief Executive Officer retires, resigns or is incapacitated. The Board will evaluate potential successors to the Chief Executive Officer. The Chief Executive Officer should at all times make available his recommendations and evaluations of potential successors, along with a review of any development plans recommended for such individuals.
Management Succession. (1) Within ninety (90) days, the Board shall develop and approve a management succession program to promote the retention and continuity of capable management to include, at a minimum:
(a) Positions covered by the program, which shall include, at a minimum, every executive officer and any other employee deemed to have authority to participate in the major policymaking decisions of the bank;
(b) Identification of qualified, internal candidates for each identified position covered by the program; and
(c) Plans to fill each vacant position covered by the program.
(2) Upon adoption, a copy of the management succession plan shall be forwarded to the Assistant Deputy Comptroller for review.
Management Succession. At the Effective Time, E. Gary Cook shall be Chairman of the Board of the Combined Company and Xxxxxxx X. Calarco shall be the President and Chief Executive Officer xx xxx Xxxxxxxx Xompany and otherwise the officers of Newco immediately prior to the Effective Time shall be the initial officers of the Combined Company and shall hold office until their respective successors are duly elected and qualified, or their earlier death, resignation or removal.
Management Succession. Finding: A high number of impending retirements presents both a risk and opportunity to the Secretariat. Recommendation: Develop a strategy to address succession planning and document procedures for key positions.
