Xxxxxx Designee. Until Xxxxxx or any of his Permitted Transferees ceases to be a Stockholder (or ceases to have beneficial ownership of at least a majority of the shares of Stock held by him on the Effective Date, unless the reduction of such beneficial ownership below such amount results from an event which has a proportionate effect on the beneficial ownership of all other Stockholders), Xxxxxx shall have the right to designate in writing up to one nominee for election to the Board of Directors as a Class A Director at each of the Company's annual or special meetings of stockholders at which directors are to be elected ("XXXXXX DESIGNEE") such that after giving effect to such election the number of Class A Directors being a Xxxxxx Designee shall be not more than one.
Xxxxxx Designee. Subject to Section 3(d), until the Sunset Date applicable to the Xxxxxx Holders, Xxxxxx shall have the right to nominate, and the Board and the Stockholder Parties will appoint and vote for, one (1) member of the Board (the “Xxxxxx Designee”), which individual shall initially be Xxxxxx.
Xxxxxx Designee. Upon the conclusion of the Term of Service of Xxxxx X. Xxxxxx as a member of the Executive Committee, the resulting vacancy on the Executive Committee, and any subsequent vacancies in such seat of the Executive Committee, shall be filled by one of the then-serving directors nominated by the Xxxxxx Family within 30 days thereafter by written notice signed by the then-serving directors nominated by the Xxxxxx Family to the Corporate Secretary at the principal executive offices of the corporation; provided, however, that in the event such then-serving directors nominated by the Xxxxxx Family do not designate such successor within 30 days or there are no then-serving directors nominated by the Xxxxxx Family, then the successor Xxxxxx Designee shall, within 30 days after the end of such first 30-day period, be appointed by a majority of all of the members of the Board of Directors (excluding any director who is a member of the Xxxxxx Family or nominated by FIC and excluding the Senior Officer).
Xxxxxx Designee. Neither the Stockholders, nor any of the officers, directors, stockholders, members, managers, partners, employees or agents of any Stockholder, makes any representation or warranty as to the fitness or competence of the Xxxxxx Designee to serve on the Board of Directors by virtue of such party’s execution of this Agreement or by the act of such party in designating or voting for such Xxxxxx Designee pursuant to this Agreement.
Xxxxxx Designee. 29 (c) Best Efforts to Elect Board of Directors Designees.................29 (d) Removal of Designees...............................................30 (e) Board of Directors Vacancies.......................................30 (f) Committee Designees................................................30 (i) Audit Committee....................................................30 (ii)
