Parent Directors. 53. There shall be a minimum of 2 Parent Directors for every 10 or fewer Academies.
Parent Directors. Parent shall take all requisite action to, effective as of the Effective Time, (i) cause two directors currently serving on the Company Board of Directors to be appointed to the Parent Board of Directors through the procedures of the nominating committee consistent with past practice and (ii) expand, to the extent necessary in connection with appointing such two directors, the Parent Board of Directors.
Parent Directors. In accordance with the by-laws of Parent, at the Effective Time, the Board of Directors of Parent shall increase by three the number of directors on the Board of Directors of Parent and shall thereupon elect as directors of Parent, Xx. Xxxxxxxx and two additional directors of the Company to be mutually agreed upon by Parent and the Company.
Parent Directors. Parent’s Board of Directors shall select and appoint, effective as of the Effective Time, (i) at least two (2) directors currently serving on the Edge Board of Directors to the Parent Board of Directors (one of whom shall be a Class II Director and one of whom shall be a Class III Director, in accordance with the Amended Certificate of Incorporation) and (ii) expand, to the extent necessary in connection with appointing such directors, the Parent Board of Directors.
Parent Directors. 53. There shall be a minimum of two Parent Directors unless there are Local Governing Bodies which include at least two Parent Members.
Parent Directors. Parent shall take such action, including amending the Parent Bylaws, as may be required to cause the number of directors constituting the Parent board of directors immediately after the Closing Date to be increased to seven (7) directors. Parent shall have received the resignation of three current directors (which resignation may be conditioned upon the occurrence of the Merger) and the election of the Director Nominees (as hereafter defined) as members of the Parent board of directors by the remaining members of the Parent board of directors effective upon the Effective Time to fill the vacancies created by such increase in the size of the board and such resignations. Each Director Nominee shall serve as a director for a term expiring at Parent’s next annual meeting of stockholders following the Closing Date and until his or her successor is elected and qualified. “Director Nominees” means Jxxx X. Xxxxxxxxx, M.D., Rxxxxx Xxxxxx, Sxxxx Xxxxxxxx, Sxxxxx X. Xxxxx, Sxxxxxxx Xxxxxxxx, Gxxxx X. Xxxxxxx and a designee to be named by Jxxx X. Xxxxxxxxx, M.D. Notwithstanding anything to the contrary set forth herein, at least four of the seven directors of Parent must qualify as independent directors as required by applicable Law. Furthermore, Parent shall cause Jxxx Xxxxxxxxx, Rxxxxx Xxxxxx and Sxxxxx X. Xxxxx to be elected to the board of directors of Surviving Corporation.
Parent Directors. 53. In circumstances where the Directors have not appointed Local Governing Bodies in respect of the Academies as envisaged in Article 100 there shall be a minimum of 2 Parent Directors and otherwise such number as the Directors shall decide who shall be appointed or elected in accordance with Articles 54 - 56.
Parent Directors. Effective as of the Closing, the authorized number of directors of Parent shall be seven (7). Concurrently with the Closing, Xxxxxx Xxxxxx shall be appointed as a director of Parent.
Parent Directors. Subject to the Parent Stockholder Approval, the parties shall take all action necessary (including, to the extent necessary, procuring the resignation or removal of any directors on the Board of Directors of Parent immediately prior to the Effective Time) so that, as of immediately after the Effective Time, the number of directors that comprise the full Board of Directors of Parent shall be five (5), and such Board of Directors shall immediately after the Effective Time initially consist of the individuals listed in Schedule 1.7(c) unless otherwise designated by the Contributors prior to the Closing, who shall serve in such capacity in accordance with the terms of the governing documents of Parent following the Closing.
Parent Directors. 1.9(b) Parent Disclosure Schedule. . . . . . . . . . . . . . . . . Article XIV
