TAM Chairman. For so long as TEP is entitled to select at least one individual to be elected as a board member of TAM, TEP shall have the right to designate from time to time one of its Board Representatives to serve as the chairman of the TAM Board (the “TAM Chairman”). After any such designation, Holdco I shall cause the TAM Board to appoint such Board Representative as the TAM Chairman in accordance with the Organizational Documents of TAM. From and after the Effective Time until the second anniversary of the Effective Time, the TAM Chairman shall be Xxxxx Xxxxxxx Xxxxxxxx Xxxxx. In no event shall the TAM Chairman have a casting vote with respect to any matter before the TAM Board.
Appears in 3 contracts
Samples: Shareholders Agreement, Shareholders Agreement (Tam S.A.), Shareholders Agreement (Holdco II S.A.)
TAM Chairman. For so long as TEP is entitled to select at least one individual to be elected as a board member of TAM, TEP shall have the right to designate from time to time one of its Board Representatives to serve as the chairman of the TAM Board (the “TAM Chairman”). After any such designation, Holdco I 1 shall cause the TAM Board to appoint such Board Representative as the TAM Chairman in accordance with the Organizational Documents of TAM. From and after the Effective Time until the second anniversary of the Effective Time, the TAM Chairman shall be Xxxxx Xxxxxxx Xxxxxxxx Xxxxx. In no event shall the TAM Chairman have a casting vote with respect to any matter before the TAM Board.
Appears in 2 contracts
Samples: Shareholders Agreement (Lan Airlines SA), Shareholders Agreement
TAM Chairman. For so long as TEP is entitled to select at least one individual to be elected as a board member of TAM, TEP shall have the right to designate from time to time one of its Board Representatives to serve as the chairman of the TAM Board (the “TAM Chairman”). After any such designation, Holdco I 1 shall cause the TAM Board to appoint such Board Representative as the TAM Chairman in accordance with the Organizational Documents of TAM. From and after the Effective Time until the second anniversary of the Effective Time, the TAM Chairman shall be Xxxxx Mxxxx Xxxxxxx Xxxxxxxx XxxxxAxxxx. In no event shall the TAM Chairman have a casting vote with respect to any matter before the TAM Board.
Appears in 1 contract
