Examples of CEC Board in a sentence
New CEC shall use its reasonable best efforts to cause the individuals appointed as Initial Directors to receive all Approvals, including adopting such internal governance structures as may be required to enable an appointee herein contemplated to serve on the New CEC Board of Directors.
On February 24, 2011, the CEC Board of Directors approved an increase in the maximum amount to $750.0 million.
Where the Offer is declared wholly unconditional and subject to applicable law and regulation, Amaya anticipates that the CEC Board would require the mandatory exchange (redemption) of all outstanding Exchangeable Shares for CryptoLogic Shares pursuant to the provisions attaching to the Exchangeable Shares.
Prior to the Effective Time, the CAC Board or the CEC Board, as applicable, shall adopt appropriate resolutions and take all other actions necessary to cause each CAC Award to be converted, adjusted, assumed and amended, as applicable, in accordance with the foregoing.
The transaction was unanimously approved by the CEC Board, which recommends that CEC shareholders tender their shares in the offer.
All grants of stock options and restricted stock are contingent upon formal approval by the Compensation Committee of the CEC Board of Directors.
If the Offer is declared wholly unconditional, and subject to applicable law and regulation, Amaya anticipates that the CEC Board would require the mandatory exchange (redemption) of all outstanding Exchangeable Shares for CryptoLogic Shares pursuant to the provisions attaching to the Exchangeable Shares, which resulting CryptoLogic Shares could also be tendered to the Offer.
As soon as the facts and circumstances would justify such a recommendation, CEC shall, through the CEC Board, recommend to its stockholders that they give the CEC Requisite Vote, include such recommendation in the Joint Proxy Statement/Prospectus and use its commercially reasonable best efforts to obtain from its stockholders the CEC Requisite Vote, subject to the right of CEC and the CEC Board to take the actions permitted by Section 5.7.
The announcement follows a thorough review of strategic alternatives undertaken by the CEC Board of Directors to maximize shareholder value.
Instead, the other CEC Board members allowed the most conflicted parties to negotiate the Proposed Buyout with unfettered discretion.