Common use of Parent Board of Directors Clause in Contracts

Parent Board of Directors. Parent shall take all necessary action to cause, as of the Effective Time, Xxxxx X. Xxxxxx to be appointed Chairman of the Parent Board, entitled to receive compensation for such services in accordance with Parent’s policies for director compensation.

Appears in 2 contracts

Samples: Merger Agreement (Thomas Properties Group Inc), Merger Agreement (Parkway Properties Inc)

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Parent Board of Directors. Parent shall take all necessary action to cause, cause Xxxxxx Xxxxx to be appointed to the Board of Directors of Parent as of the Effective TimeTime and to serve until the next annual election of directors of Parent. In connection with such election, Parent shall take all necessary action to include Xxxxxx Xxxxx X. Xxxxxx as a nominee for the Board of Directors of Parent recommended by such Board of Directors of Parent for election by Parent's stockholders to be appointed Chairman such Board of the Parent Board, entitled to receive compensation for such services in accordance with Parent’s policies for director compensationDirectors.

Appears in 1 contract

Samples: Merger Agreement (Universal Outdoor Holdings Inc)

Parent Board of Directors. Parent shall take all necessary action to cause, cause Xxxxxxx Xxxxx to be appointed to the Board of Directors of Parent as of the Effective Time, to serve until the next annual election of directors of Parent. In connection with such election, Parent shall take all necessary action to include Xxxxxxx Xxxxx X. Xxxxxx as a nominee for the Board of Directors of Parent recommended by such Board of Directors for election by Parent's shareholders to be appointed Chairman of the Parent Board, entitled to receive compensation for such services in accordance with Parent’s policies for director compensation.

Appears in 1 contract

Samples: Merger Agreement (C Me Run Corp)

Parent Board of Directors. Parent shall take all necessary action to cause, cause Dxxxxx Xxxxx to be appointed to the Board of Directors of Parent as of the Effective TimeTime and to serve until the next annual election of directors of Parent. In connection with such election, Parent shall take all necessary action to include Dxxxxx Xxxxx X. Xxxxxx as a nominee for the Board of Directors of Parent recommended by such Board of Directors of Parent for election by Parent's stockholders to be appointed Chairman such Board of the Parent Board, entitled to receive compensation for such services in accordance with Parent’s policies for director compensationDirectors.

Appears in 1 contract

Samples: Merger Agreement (Clear Channel Communications Inc)

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Parent Board of Directors. Parent shall take all necessary action to cause, cause Camexxx Xxxxx xx be appointed to the Board of Directors of Parent as of the Effective Time, to serve until the next annual election of directors of Parent. In connection with such election, Parent shall take all necessary action to include Camexxx Xxxxx X. Xxxxxx xx a nominee for the Board of Directors of Parent recommended by such Board of Directors for election by Parent's shareholders to be appointed Chairman of the Parent Board, entitled to receive compensation for such services in accordance with Parent’s policies for director compensation.

Appears in 1 contract

Samples: Merger Agreement (C Me Run Corp)

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