Class B Shareholders Agreement definition
Examples of Class B Shareholders Agreement in a sentence
Simultaneously with the first such issuance to such Class D Limited Partner of Class B Shares, such Class B Limited Partner shall be joined to the Class B Shareholders Agreement.
On the 30th day following the completion of the Liquidity Redemption (such date, the “Transition Date”), DSO will relinquish his proxy under the Class B Shareholders Agreement and disband the Class B Shareholder Committee.
Any Officer, agent or employee of the Company may be removed by the Board of Directors with or without cause at any time, subject to the approval rights granted to the Class B Shareholders pursuant to the Class B Shareholders Agreement.
Simultaneously with the first such issuance to such Class D Limited Partner of Class B Shares, such Class D Limited Partner shall be joined to the Class B Shareholders Agreement.
Unless otherwise expressly provided in this Agreement, if any provision of this Agreement conflicts with the provisions of the Class B Shareholders Agreement, as it exists on the Closing Date, the terms of the Class B Shareholders Agreement shall govern over such provision and shall not constitute a breach of this Agreement.
Any Officer, agent or employee of the Corporation may be removed by the Board of Directors with or without cause at any time, subject to the approval rights granted to the Class B Shareholders pursuant to the Class B Shareholders Agreement.
Simultaneously with the first such issuance to such Class P Limited Partner of Class B Shares, such Class P Limited Partner shall be joined to the Class B Shareholders Agreement.
Unless otherwise required by law and subject to Article III Section 1 and the Class B Shareholders Agreement, any vacancy on the Board of Directors that results from newly created directorships resulting from any increase in the authorized number of directors may be filled by a majority of the directors then in office, provided that a quorum is present, and any other vacancies may be filled by a majority of the directors then in office, though less than a quorum, or by a sole remaining director.
After completion of the IPO, the number of Directors which shall constitute the whole Board of Directors shall be determined from time to time by resolution adopted by a majority of the Board of Directors then in office, provided that for so long as the Class B Shareholder Committee shall have the right to designate nominees to the Board of Directors under the Class B Shareholders Agreement, the number of Directors may not be increased beyond seven without the Consent of the Class B Shareholder Committee.
The Board of Directors shall consist of not fewer than one nor more than fifteen members, the exact number of which shall initially be seven and thereafter from time to time fixed by the Board of Directors, provided that for so long as the Class B Shareholder Committee shall have the right to designate nominees to the Board of Directors under the Class B Shareholders Agreement, the number of directors may not be increased beyond seven without Class B Consent.