Post-Combination Matters Sample Clauses

Post-Combination Matters. (a) Upon consummation of the Combination, the Board of Directors of AMHC shall be adjusted to include the Chief Executive Officer of Indianapolis Life as of immediately prior to the Combination Closing (as Vice-Chairman of the AMHC Board of Directors) and at least two additional members of the Board of Directors of Indianapolis Life as of immediately prior to the Combination Closing (the "IL/AmerUs Directors"). AMHC shall use its best efforts to cause its Board of Directors to appoint two of the IL/AmerUs Directors, at the Combination Closing Date, for a term expiring at AMHC's next Annual Meeting, and to nominate such IL/AmerUs Directors for election at such Annual Meeting to a three-year term of membership on the Board of Directors of AMHC. AMHC shall use its best efforts to cause its Board of Directors to appoint the third IL/AmerUs Director for the remainder of a three-year term of office that commenced at the Annual Meeting preceding the Combination Closing Date. The number of IL/AmerUs Directors shall be a number sufficient to cause the ratio of IL/AmerUs Directors to the number of directors on the AMHC Board to be proportional (subject to conventional rounding)