Number; Appointment. The Board of Managers initially shall consist of three persons (each such person, along with any other persons appointed from time to time, the “Board Members”). The Member may increase or decrease the number of Board Members. Any appointment of a Board Member shall be made and any removal of a Board Member shall be carried out by a writing signed by the Member. Any such appointment or removal shall be effective upon execution of such writing or as otherwise stated therein.
Number; Appointment. The Board of Managers shall consist of up to eleven (11) Managers as determined by the Board of Managers and shall initially consist of seven (7)
Number; Appointment. Upon the effectiveness of this Agreement, the authorized number of managers on the Board of Managers (each, a “Board Manager”) will initially be five (5) Board Managers, and will consist of the following:
Number; Appointment. There shall be one manager, and the Manager shall be Evolve.
Number; Appointment. The Board of Managers initially shall consist of four members, who shall be the persons set forth in Exhibit A attached hereto (each such member, individually, a “Board Member”, and collectively with any other member, as appointed from time to time, the “Board Members”). The Member or the Board of Managers may increase or decrease the number of Board Members. Any appointment of a Board Member shall be made and shall be carried out by a writing signed by the Member. Any removal of a Board Member shall be made and shall be carried out by a writing signed by the Member. Any such appointment or removal shall be effective upon execution of such writing or as otherwise stated therein.
Number; Appointment. The number of Persons constituting the Board of Managers (the “Board” and such Persons, the “Board Members” or the “Managers”) shall be as set forth in this Section 1, and the Board of Managers shall be elected by the Members either at the Annual Meeting of Members or at a special meeting called for such purposes, subject to the other terms of this Section 1. The holders of record of the Series A Convertible Preferred Units, exclusively and as a separate class, shall be entitled to elect four Managers of the Company (the “Series A Managers”). The holders of record of the Common Units, exclusively and as a separate class, shall be entitled to elect two Managers of the Company (the “Common Managers”). Any Manager elected as provided in the preceding two sentences may be removed without cause by, and only by, the affirmative vote of the holders of the shares of the class or series of Units entitled to elect such director or directors, given either at a special meeting of such Members duly called for that purpose or pursuant to a written consent of Members. If the holders of Series A Convertible Preferred Units or Common Units, as the case may be, fail to elect a sufficient number of Managers to fill all Board seats for which they are entitled to elect Managers, voting exclusively and as a separate class, pursuant to the first sentence of this Section 1, then any Board seat not so filled shall remain vacant until such time as the holders of the Series A Convertible Preferred Units or Common Units, as the case may be, elect a person to fill such Board seat by vote or written consent in lieu of a meeting; and no such Board seat may be filled by Members of the Company other than by the Members of the Company that are entitled to elect a person to fill such Board seat, voting exclusively and as a separate class. Subject to Section 6.7 of the Agreement, the holders of record of the Common Units and of any other class or series of voting stock (including the Convertible Preferred Units), exclusively and voting together as a single class, shall be entitled to elect the balance of the total number of Managers of the Company (the “Independent Managers”). At any meeting held for the purpose of electing a Manager, the presence in person or by proxy of the holders of at least a majority of the outstanding Units of the class or series entitled to elect such Manager shall constitute a quorum for the purpose of electing such Manager. A vacancy in any Board seat filled by the...
Number; Appointment. The Board shall initially consist of eight (8)
Number; Appointment. Each Unit of 600 or more employees may have one full-time Health and Safety Representative who shall be appointed by the National Ford Department Director.
Number; Appointment. The initial Managers shall consist of the following:
(i) Petro River shall have the right to appoint (A) one Institutional Investor Manager with four votes; (B) two Institutional Investor Managers each with two votes; or (C) four Institutional Investor Managers each with one vote. The initial Institutional Investor Managers shall be Sxxx Xxxxx and Jxxxxxxx Xxxxxx, each with two votes;
(ii) The Board shall have the right to appoint two Management Managers, each having one vote; provided, however, that so long as Ranger Station LLC remains a Series A Member, one such Management Manager shall be a person designated by Ranger Station LLC and the second Management Manager shall be a person reasonably acceptable to Ranger Station LLC. The initial Management Managers shall be Mxxxxx, as the Manager designated by Ranger Station LLC, and Cxxxxxx X. Xxxxxxxxx; and
(iii) Petro River shall have the right to appoint one Independent Manager, who shall have relevant industry experience and qualify as an “independent director” under the listing rules of the Nasdaq Stock Market or the New York Stock Exchange. The initial Independent Manager shall be Ganesh H. Betanabhatla.
(iv) Each Manager elected, designated or appointed shall hold office until his or her successor is elected or until such Manager’s earlier death, resignation or removal. Managers need not be Members.
Number; Appointment. The total number of members of the Board of Managers (the “Managers”) will be at least one unless otherwise fixed at a different number by an amendment to this Agreement or a resolution signed by the Members or the Board of Managers. The Managers may be referred to, and may refer to themselves, as “directors.” The Managers serving on the Board of Managers as of the date hereof shall be L. Xxxxxx Xxxxx, Xxxxxx X. Xxxxx and Xxxxx Xxxxxx.
