Common use of Vacancy on the Company Board Clause in Contracts

Vacancy on the Company Board. In the event of any vacancy on the Company Board, however occurring, the Company shall give prompt notice of such vacancy to the Parent and DCSA, through its FSO, and such vacancy shall be filled promptly by the Parent. In a case of vacancy of an Outside Director position, such vacancy shall not exist for a period of more than ninety (90) days after that Outside Director’s resignation, death, disability or removal unless DCSA is notified of the delay.

Appears in 1 contract

Samples: Special Security Agreement

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Vacancy on the Company Board. In the event of any vacancy on the Company Board, however occurring, the Company shall give prompt notice of such vacancy to the Parent Foreign Shareholder and DCSADOE, through its FSO, and such vacancy shall be filled promptly by the Parentshareholders. In a case of vacancy of an Outside Director position, such vacancy shall not exist for a period of more than ninety (90) days after that Outside Director’s resignation, death, disability or removal unless DCSA DOE is notified of the delay.

Appears in 1 contract

Samples: Security Control Agreement

Vacancy on the Company Board. In the event of any vacancy on the Company Board, however occurring, the Company shall give prompt notice of such vacancy to the Parent Foreign Shareholder and DCSA, through its FSO, and such vacancy shall be filled promptly by the Parentshareholders. In a case of vacancy of an Outside Director position, such vacancy shall not exist for a period of more than ninety (90) days after that Outside Director’s resignation, death, disability or removal unless DCSA is notified of the delay.

Appears in 1 contract

Samples: Security Control Agreement

Vacancy on the Company Board. In the event of any vacancy on the Company Board, however occurring, the Company shall give prompt notice of such vacancy to the Parent and DCSADOE, through its FSO, and such vacancy shall be filled promptly by the Parent. In a case of vacancy of an Outside Director position, such vacancy shall not exist for a period of more than ninety (90) days after that Outside Director’s resignation, death, disability or removal unless DCSA DOE is notified of the delay.

Appears in 1 contract

Samples: Special Security Agreement

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Vacancy on the Company Board. In the event of any vacancy on the Company Board, however occurring, the Company shall give prompt notice of such vacancy to the Parent Shareholder and DCSADSS, through its FSO, and such vacancy shall be filled promptly by the ParentShareholder. In a case of vacancy of an Outside Director position, such vacancy shall not exist for a period of more than ninety (90) days after that Outside Director’s resignation, death, disability or removal unless DCSA DSS is notified of the delay.

Appears in 1 contract

Samples: Security Control Agreement (Macdonald Dettwiler & Associates LTD)

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