Examples of CEI Board in a sentence
The Merger Agreement was approved by both the NU Board of Trustees and the CEI Board of Directors in meetings on October 12, 1999.
The Company shall not amend, or permit to be amended, its certificate of incorporation or bylaws in any manner that is inconsistent with, or conflicts with, this Section 5.4 or the right of the Purchaser to appoint a Purchaser Nominee to the CEI Board pursuant to this Section 5.4.
If any such Purchaser Nominee is not elected to the CEI Board at any stockholder meeting (or action by written consent) with respect to the election of such Purchaser Nominee, then subject to applicable law, the CEI Board shall create a new vacancy in the class of directors on the CEI Board with the longest remaining term in which a vacancy can be created and fill such newly created vacancy on the CEI Board with another Purchaser Nominee.
The CEI Board of Directors concluded that the common vision of NU and CEI, and their complementary strategies, in combination with their management, personnel, technical expertise and depth of experience in their respective markets, will create an energy company that is appropriately positioned and has the capabilities and resources to succeed in the new competitive energy marketplace.
The Company shall make available to the Purchaser Nominee all of the same indemnification and exculpation protections on the same terms as are available to other members of the CEI Board, and the Company shall procure directors and officers insurance for the Purchaser Nominee with the same terms as that procured for the other directors on the CEI Board.
Initially, the Purchaser Nominee shall be appointed to fill a vacancy among the Class I directors of the CEI Board (whether such vacancy is currently existing or newly created to comply with this covenant).
The merger agreement contemplates that four members of the New CEI Board of Directors will be recommended by NU, and that the remaining directors will be designated by CEI.
If prior to the end of the term of any member of the CEI Board that is a Purchaser Nominee, a vacancy in the office of such director shall occur by reason of death, resignation, removal or disability, or for any other cause, such vacancy may be filled by the Purchaser with another Purchaser Nominee, and the Purchaser shall have the right to replace any Purchaser Nominee, at any time, with or without cause.
Available at http://www.acf.hhs.gov/ programs/cb/resource/pi1011.
Notwithstanding the foregoing, the election and appointment of each Purchaser Nominee shall be subject to all legal requirements regarding service as a director of the Company and to the approval of the nominating and corporate governance committee of the CEI Board, which approval will not be unreasonably withheld or delayed.