NEW MEMBERS ELECTED TO BOARD OF DIRECTORS. The Parties shall have taken all necessary steps under the Utah Revised Business Corporation Act, the rules of the American Stock Exchange and the rules and regulations promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act") to elect AWK's nominees to the board of directors of the Company. The Company agrees to accept the resignations from no fewer than that number of directors on the Company's incumbent board of directors that will give the AWK's nominees to the board a majority on the Company's Board of Directors.
Appears in 4 contracts
Samples: Waiver and Release of Employee Shareholders (Chequemate International Inc), Waiver and Release (Chequemate International Inc), Waiver and Release (Chequemate International Inc)
