PROPOSED CHANGE OF BOARD COMPOSITION Sample Clauses

PROPOSED CHANGE OF BOARD COMPOSITION. The Board is currently made up of seven Directors, comprising four executive Directors and three independent non-executive Directors. The Offeror currently intends to nominate one new executive Director, being Xx. Xxxx, to the Board with effect from the date immediately after the composite offer document has been posted as required by the Takeovers Code. The Offeror has not yet decided any further nomination to the Board. Any changes to the Board will be made in compliance with the Takeovers Code and the Listing Rules and further announcement(s) will be made accordingly.
Sample 1
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PROPOSED CHANGE OF BOARD COMPOSITION. The Board is currently made up of five Directors, comprising two executive Directors and three independent non-executive Directors. Pursuant to the Share Sale Agreement, Xx. Xxxx Xxxxx Xxxx, Xxxx and Xx. Xxxx Xxx Xxxxx, Xxxxxx, being executive Directors, will resign with effect from the earliest time permitted under the Takeovers Code. As disclosed above, the Offeror intends to nominate new Directors to the Board with effect from the earliest time permitted under the Takeovers Code. Any changes to the Board will be made in compliance with the Takeovers Code and the Listing Rules and further announcement will be made accordingly. Save as disclosed above, the Offeror does not intend that there would be any material changes to the existing management and employees of the Group following the closing of the Offer.
Sample 1
PROPOSED CHANGE OF BOARD COMPOSITION. At present, the Board comprise six executive Directors and three independent non-executive Directors. Upon Completion, it is intended that a number of Directors will resign and that China United will appoint a majority of Directors to the Board. The Board has not decided on how many existing Directors will resign and how many new directors will be appointed. China United has informed the Board that it intends to appoint Xx. Xxxx and Xx. Xx immediately after the despatch of the circular to Shareholders in relation to, among other things, the Subscription Agreement, or at such later date as permitted by the Executive. China United will decide on the additional Board appointments as soon as possible. Further announcement will be made should there be any change of the Board composition in future.
Sample 1
PROPOSED CHANGE OF BOARD COMPOSITION. The Board is currently made up of five Directors, comprising two executive Directors and three independent non-executive Directors. Xx. Xx, being an executive Director and Chairman of the Company, and Xx. Xxx Xxx Xxxx and Xx. Xxxxx Wing Xxx, being the independent non- executive Directors, will resign after the close of the Offer. Pursuant to the Service Contract entered into between Xx. Xx and the Company, the Company shall employ Xx. Xx as an executive Director with effect from 1 March 2009 for an initial period of 12 months. At Completion, Xx. Xx and the Company entered into the Termination Agreement, under which Xx. Xx and the Company agreed to terminate the Service Contract with effect after the close of the Offer. Save for any antecedent breach of the Termination Agreement, each party’s liabilities and obligations under the Service Contract shall be released and discharged with effect from the same time of Xx. Xx’x resignation from the Company. The Offeror currently intends to nominate two new executive Directors, being Xx. Xxx and Xx. Xxx, and two new independent non-executive Directors to the Board with effect from the closing date of the Offer. Any changes to the Board will be made in compliance with the Takeovers Code and the Listing Rules and further announcement will be made accordingly. Biographies of new Directors to be appointed by the Company Xx. Xxx Xxxx Xxx Xx. Xxx, aged 39, is an associate member of the Hong Kong Institute of Certified Public Accountants and a fellow member of The Association of Chartered Certified Accountants. He has over nine years of working experience in auditing and business advisory services and had worked for international accounting firms for six years. Xx. Xxx is currently the qualified accountant and company secretary of Richfield Group. He also held various senior financial management positions in various local companies. Save for being a director of the Offeror, Xx. Xxx does not have any relationships with any directors, senior management or substantial or controlling shareholders of the Company. As at the date of this joint announcement, save for the 16,000 Shares held by Xx. Xxx, Xx. Xxx does not have any interest in the Shares within the meaning of Part XV of the SFO.
Sample 1

Related to PROPOSED CHANGE OF BOARD COMPOSITION

  • CHANGE OF T-PIN The Account Holder may change his T-PIN from time to time in accordance with the Bank’s prescribed procedure then prevailing. The Bank shall be entitled, in its reasonable discretion but without liability and without giving any reason, to reject any selection made by the Account Holder as his substituted T-PIN; if the Bank so approves, such substituted T-PIN, shall take effect from the time of receipt by the Bank of such instructions from the Account Holder. The Account Holder shall take all steps not to select such numbers as a substitute T-PIN which may easily be ascertained or otherwise facilitate fraud or forgery.

  • Change of Use Alter or change the use of the Facility or enter into any management agreement for the Facility other than the Management Agreement or enter into any operating lease for the Facility, unless Borrower first notifies Lender and provides Lender a copy of the proposed lease agreement or management agreement, obtains Lender’s written consent thereto, which consent may be withheld in Lender’s sole discretion, and obtains and provides Lender with a subordination agreement in form satisfactory to Lender, as determined by Lender in its sole discretion, from such manager or lessee subordinating to all rights of Lender.

  • Procedure for Change of Scope 16.2.1 In the event of the Authority determining that a Change of Scope is necessary, it shall issue to the Concessionaire a notice specifying in reasonable detail the works and services contemplated thereunder (the “Change of Scope Notice”).

  • 253 Design Change (a) “Design Change” is a change in work and/or materials shown in the Schedule of Items and described in Plans or specifications that has been mutually agreed to in writing or ordered by Contracting Officer. Changes of a minor nature (such as adjustment in horizontal and vertical alignment, that do not exceed specified tolerance, necessary to maintain or balance earthwork quantities substantially as designed) and variation in quantities, as described in B5.251, shall not be considered Design Changes.

  • Change of Scope 16.1.1 The Authority may, notwithstanding anything to the contrary contained in this Agreement, require the provision of additional works and services which are not included in the Scope of the Project as contemplated by this Agreement (the “Change of Scope”). Any such Change of Scope shall be made in accordance with the provisions of this Article 16 and the costs thereof shall be expended by the Concessionaire and reimbursed to it by the Authority in accordance with Clause 16.3.

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  • Technical Proposal The technical proposal may be presented in free format. It shall not exceed ten pages, not counting the CVs. It shall respect the following page limit and structure: • Technical methodology (max. 7 pages) • Quality management (max. 1 page) • Project management (max. 1 page) • Resource management (proposal (max. 1 page) + CVs of experts)

  • Payment for Change of Scope Payment for Change of Scope shall be made in accordance with the payment schedule specified in the Change of Scope Order.

  • CHANGE OF CIRCUMSTANCES The Company will, at any time during the pendency of a Placement Notice advise the Agent promptly after it shall have received notice or obtained knowledge thereof, of any information or fact that would alter or affect in any material respect any opinion, certificate, letter or other document required to be provided to the Agent pursuant to this Agreement.

  • Change of Schedule (a) (applicable to full-time employees only) Where an employee's schedule is changed by the Hospital with less than twenty-four (24) hours notice, she shall receive time and one-half (1½) of her regular straight time hourly rate for all hours worked on her next shift.

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