Examples of Buyer Director in a sentence
Any Demand, notice, request, instruction, correspondence or other document to be given hereunder by any party to another (herein collectively called “Notice”) shall be in writing and delivered personally or mailed by certified mail, postage prepaid and return receipt requested, or by telegram or facsimile, as follows: To the Buyer: Director, Energy Procurement Liberty Utilities (Granite State Electric) Corp.
NRG agrees to vote all of its shares of Common Stock for the removal of a Buyer Director upon the request of the Buyer, and agrees not to vote any of its shares of Common Stock for the removal of any Buyer Director under any other circumstance.
Each Buyer Director agrees that he or she shall be bound by the Company’s ixxxxxx xxxxxxx policy.
With respect to Buyer’s nominee (other than the initial Buyer Director), at least 60 days prior to the Company’s annual meeting of stockholders, Buyer shall provide the Company with the Buyer’s nominee for the Buyer Director.
Notwithstanding the forgoing, Buyer Directors will not be paid any compensation for serving on the Company’s Board or any of its committees, and the Company will not reimburse the Buyer Directors for reasonable out of pocket expenses; provided that to the extent one of the Buyer Directors is not an employee of Buyer, the Company may compensate such Buyer Director for their role as a director consistent with other directors, as shall be reasonably determined by the Company and Buyer.
If there shall be any vacancy with respect to any Buyer Director position due to the death, resignation or removal of any Buyer Director, increase in the size of the Board, or otherwise, Buyer shall select a person or persons to fill such vacancy and, subject to the last sentence of this Section 2.2(c), take such actions as may be necessary to cause such person or persons to be elected to the Board.
The Buyer has exercised reasonable care to determine whether any such Buyer Director is subject to a Disqualification Event.
If a vacancy shall exist in the office of a Buyer Director, Buyer shall be entitled to designate a successor and the Board of Directors shall elect such successor and, in connection with the meeting of shareholders of the corporation next following such election, nominate such successor for election as director by the shareholders and use its best efforts to cause the successor to be such elected.
The Buyer Director agrees that he or she shall be bound by the Company’s ixxxxxx xxxxxxx policy.
The nomination and election of each Buyer Director pursuant to this Section 2.2 shall be subject to the prior approval of a majority of the Board's nominating committee, which approval shall not unreasonably be withheld or delayed.