TMR BOARD OF DIRECTORS. (a) Subject to restrictions of applicable law and unless this Agreement has been terminated, on the Director Election Date (defined below), TMR shall appoint SLOPI Designee(s) (defined below) to fill the vacancies created by the removal of the Preferred Director(s) in accordance with the Certificate of Designation for the Preferred Stock, to serve until their successors are elected or their earlier resignation or removal.
Appears in 4 contracts
Samples: Agreement and Plan of Merger (Meridian Resource Corp), Stock Rights and Restrictions Agreement (Meridian Resource Corp), Stock Rights and Restrictions Agreement (Shell Louisana Onshore Properties Inc)
