Board Composition means that for so long as at least 25% percent of the initially issued shares of Preferred Stock remain outstanding:
Board Composition means that for so long as at least twenty five percent (25%) of the initially issued shares of Preferred Stock remain outstanding, the holders of record of the shares of Series Seed Preferred Stock exclusively and as a separate class, shall be entitled to elect [Preferred Directors] director(s) of the Corporation (the “Series Seed Director(s)”), the holders of record of the shares of Common Stock, exclusively and as a separate class, shall be entitled to elect [Common Directors] director(s) of the Corporation, and any additional directors shall be elected by the affirmative vote of a majority of the Preferred Stock and Common Stock, voting together as a single class on an as-converted basis. For administrative convenience, the initial Series Seed Director may also be appointed by the Board in connection with the approval of the initial issuance of Series Seed Preferred Stock without a separate action by the holders of a majority of Series Seed Preferred Stock.
Board Composition means so long as any shares of Class F Common remain outstanding, the holders of Class F Common, voting as a separate class, shall be entitled to elect two (2) directors (the “Class F Directors”) at each meeting or pursuant to each action by written consent of the Company's stockholders for the election of directors.
Examples of Board Composition in a sentence
Board Composition The Governing Boards of each Party Member shall appoint three (3) members to serve on the Alliance Advisory Board.
See “— Interests of VEREIT Directors and Executive Officers in the Merger — Officer Employment Agreements.” Directors and Management Following the Mergers Initial Board Composition of Realty Income following the Mergers Following the consummation of the Mergers, the Realty Income board of directors is expected to have members, with Xx. Xxxxxxx X.
Board Composition The board of the Joint Venture Company will consist of seven directors, whereas TG BVI is entitled to appoint five directors and the Joint Venture Partner is entitled to appoint two directors.
Board Composition The board of directors of the Target Company, the Project Company, Shenzhen LVGEM Hexing and Shenzhen LVGEM Management shall all comprise the same group of five directors, one of whom shall be nominated by the Investor and the remaining four directors by ICDL.
Please refer to Principle 2 under Board Composition and Guidance.
More Definitions of Board Composition
Board Composition means that:
Board Composition. The Board shall consist of seven representatives from the three categories of members: Standard, Small Business, and Individual. Standard members may designate five directors to represent all members in that category. The Small Business category may designate one director to represent all of the members in that category. One additional board seat is reserved for the special At Large category, which is comprised of all Standard, Small Business, or Individual members. If a Board seat cannot be filled by the member category, a member from any category may fill the empty Board seat with approval of the other Board members.
Board Composition. Moon Sub and the Company will have the same board of directors or equivalent body (the “Board”). The Board will consist of seven members, each with one vote on all matters considered. The Board will govern the activities of Moon Sub and the Company. The initial Board will be comprised of five Moon designees (designated by LIM), X. Xxxxxx and X. Xxxxxx. X. Xxxxxx and X. Xxxxxx will each serve on the Board for so long as he is employed in his current position with the Company. The majority member of Moon will have the right to designate up to two observers entitled to attend all Board meetings. Moon has the right to replace any Board member, including X. Xxxxxx and X. Xxxxxx in the event their employment is terminated; provided, however, that any board replacement for X. Xxxxxx and/or X. Xxxxxx shall be a member of the Company’s senior management team. Moon’s right to designate Board members is transferable, in whole or in proportionate part, to “affiliated entities” and to entities acquiring at least 20% of Moon Sub’s equity interest. All Board action will require approval by a majority of the directors. Board Committees: The Board will have an investment committee (currently known as the Asset Allocation Committee) comprised of X. Xxxxxx and X. Xxxxxx (to the extent they serve on the full Board) and three Moon designees. All investment committee action will require approval of a majority of the committee members. Company management will have discretion to make Company decisions with respect to investments, acquisitions, developments and dispositions consistent with the Company’s investment criteria, in amounts not in excess of $10 million. Investments, acquisitions, new developments and dispositions of more than $10 million and less than $25 million require investment committee approval. Board approval is required for all investments, acquisitions, new developments and dispositions of $25 million or more. The Board also expects to have audit and compensation committees, and such other committees as may be designated by the Board from time to time. A majority of the members of each such committee will consist of Moon designees so long as it owns a majority of the Equity Interests of Moon Sub. The Board will consider the existing policies of the Company prior to the consummation of the Merger with respect to the duties of the Board and the committees thereof but will not be bound by any such policy unless the Board adopts the same following the acquisition o...
Board Composition means that for so long as at least 50% percent of the initially issued shares of Series A Preferred Stock remain outstanding:
Board Composition means that the holders of record of the shares of Common Stock will be entitled to elect all directors of the Corporation.
Board Composition. At the closing of the Transaction, the board of directors of the Company will be comprised of eight members, one of whom will be designated by the Lead Investor.
Board Composition. The Project Company shall establish the board of directors. The specific composition and appointment shall be negotiated and decided by the Investment Consortium and the Project Partner separately. However, the rights and obligations enjoyed by and borne by CSCIICL or CCEED shall be in proportion to their respective equity interest in the Project Company. Management and operation : Pursuant to the JV Agreement, it is intended that CCEED will enter into a general construction contracting agreement with the Project Company, pursuant to which CCEED will undertake the construction work of the Foshan Development Project as a main contractor. The details of such construction contracting arrangement will be specified in the investment construction agreement to be entered into between the Project Company and the Foshan Shunde Urban Construction of Land and Water Conservancy Bureau relating to the project financing investment, construction management and payments receivable of the Foshan Development Project.