Examples of Buyer Nominees in a sentence
For one year after the Closing Date, the Company will use its best efforts to cause and maintain the election to the Board of Directors of four nominees of Buyer reasonably satisfactory to the Company (the "Buyer Nominees") and provide that the Board of Directors will consist of no more than eight members.
From and after the Closing, so long as any Notes or shares of Stock are held by the Buyer, no options to purchase Common Stock shall be repriced or new options to purchase Common Stock issued without the approval of the Buyer Nominees.
In consideration of the sale by the Seller Entities to Buyer of the Transferred Assets, subject to the assumption by Buyer of the Assumed Liabilities, Buyer or, to the extent required by applicable Law, Buyer Nominee(s) will pay the Purchase Price as set forth below, as adjusted pursuant to Section 3.3 below and, if applicable, the Letter Agreement (as defined herein).
All shares for which the Company's management or Board holds proxies (including undesignated proxies) shall be voted in favor of the election of such Buyer Nominees, except as may otherwise be provided by stockholders submitting such proxies.
The nominees designated by the Buyer are herein referred to as the "Buyer Nominees." The Company's Board of Directors shall recommend or approve all such Buyer Nominees prior to their appointment as directors.
In furtherance of the foregoing, the Company, acting through its Board and in accordance with its Certificate of Incorporation, By-laws and applicable law, shall recommend in the proxy statement for each annual or special meeting of stockholders at which directors shall be elected, and shall recommend at each such stockholders meeting, as part of the management or Board slate for election to the Board, the Buyer Nominees.
No consideration in addition to that due and payable under Section 3.1 hereof shall be due from Buyer, Buyer Nominee(s) or their designee(s) to the Seller Entities, their Affiliates or designees upon the transfer to Buyer, Buyer Nominee(s) or designees in connection with the delivery of possession of, or transfer, assignment or conveyance of, legal title to any Transferred Assets.
Pending receipt by Buyer, Buyer Nominee(s) or their designee(s) of the Required Licenses, certain of the Seller Entities will continue to manufacture Products for, and sell Products to, Buyer or Buyer Nominee or their respective designee(s) to permit Buyer or Buyer Nominee or such designee(s) to supply the Products to distributors and other third parties.
The input to this agenda item within this meeting was provided by Flinn (No surname provided) during Open Forum following the Green Park Way deliberation and decision being brought forward.
The Buyer shall take all necessary actions to ensure that upon the completion of the Arrangement the Buyer Board will be reconstituted such that the Buyer Board will be comprised solely of the Company Nominees and the Buyer Nominees and shall ensure that the Company Nominees are nominated for election as directors of the Buyer at the Buyer’s next annual general meeting of Buyer Shareholders.