Subsidiary Governance. The Company and each Stockholder agree that (i) the board of directors or other persons performing similar functions of each Subsidiary of the Company (other than any NPTest Foreign Subsidiary and any NPTest Insignificant Subsidiary) shall be comprised of the individuals who are serving as directors on the Board in accordance with Section 2.01 and (ii) the board of directors or other persons performing similar functions of any Subsidiary of the Company shall be subject to all the provisions of this Article 2, including paragraph (d) of Section
Appears in 2 contracts
Samples: Stockholders' Agreement (Nptest Holding Corp), Shareholder Agreement (Nptest Holding Corp)
Subsidiary Governance. The Company and each Stockholder Shareholder agree that (i) the board of directors or other persons performing similar functions of each Subsidiary of the Company (other than any NPTest Foreign Subsidiary and any NPTest Insignificant Subsidiary) shall be comprised of the individuals who are serving as directors on the Board in accordance with Section 2.01 and (ii) the board of directors or other persons performing similar functions of any Subsidiary of the Company shall be subject to all the provisions of this Article 2, including paragraph (d) of Section
Appears in 1 contract
Subsidiary Governance. The Company and each Stockholder Shareholder agree that (i) the board of directors or other persons performing similar functions of each Subsidiary of the Company (other than any NPTest AMI Foreign Subsidiary and any NPTest Insignificant Subsidiary) shall be comprised of the individuals who are serving as directors on the Board in accordance with Section 2.01 and (ii) the board of directors or other persons performing similar functions of any Subsidiary of the Company shall be subject to all the provisions of this Article 2, including paragraph (d) of Sectionother
Appears in 1 contract
Subsidiary Governance. The Company and each Stockholder Shareholder agree that (i) the board of directors or other persons performing similar functions of each Subsidiary of the Company (other than any NPTest AMI Foreign Subsidiary and any NPTest AMI Insignificant Subsidiary) shall be comprised of the individuals who are serving as directors on the Board in accordance with Section 2.01 and (ii) the board of directors or other persons performing similar functions of any Subsidiary of the Company shall be subject to all the provisions of this Article 2, including paragraph (d) of SectionSection 2.
Appears in 1 contract