Examples of Class A Managers in a sentence
One of the Class A Managers serving on the Compensation Committee initially shall be the Chairman of the Compensation Committee.
Unless otherwise provided by Law or this Agreement, the presence of Managers constituting a majority of the voting authority of the whole Board of Managers shall be necessary to constitute a quorum for the transaction of business; provided that the presence of at least a majority of the Class A Managers and at least a majority of the Class B Managers shall be required for a quorum to exist.
However, if the Management Committee (including all of the Class A Managers but excluding the Chief Executive Officer) commences deliberations to consider removing the Chief Executive Officer from such position, the Chief Executive Officer will immediately cease to be a Manager.
Xxxxxxx and Xxxxxxx to CEP’s board of managers (the “Board”) as Class A Managers and removes Messrs.
Xxxxxxx and Xxxxxxxxx as CEP’s current Class A Managers therefrom, (b) rescinds the Units issued by CEP to SEPI in the Xxxxxxx Transaction, and (c) determines that CEPM has sole voting power with respect to the outstanding CEP Class A Units; (2) a determination that Defendants have breached certain fiduciary and contractual duties and Defendants are not entitled to indemnification from CEP; and (3) an award of monetary damages.