Examples of Designating Shareholder in a sentence
A majority of the total number of directors (including at least two directors designated by a Designating Shareholder (as defined in the Shareholders’ Agreement) pursuant to the Shareholder’s Agreement) shall constitute a quorum for the transaction of business.
Upon written request of the Series A Designating Shareholder, the Company and the Shareholders shall take, or cause to be taken, all actions necessary to cause the Series A Representative designated by the Series A Designating Shareholder to be elected to the Board, including recommending to the shareholders of the Company that they vote for the election to the Board of the individual designated by the Series A Designating Shareholder.
If at any time a vacancy is ------------------------ created on the Board of Directors by reason of the incapacity, death, removal or resignation of a director designated pursuant to Section 6.2, then the Designating Shareholder entitled to designate such director shall designate a director to fill such vacancy.
For so long as the Series A Designating Shareholder shall be entitled to appoint a Series A Observer pursuant to this Section 10.2(a), the Series A Designating Shareholder shall, by written election delivered to the Company, be entitled to designate a representative for appointment as a director to the Board (the “ Series A Representative”), in lieu of the Series A Observer contemplated above.
The Board of Directors of the Company as of the date of Amendment No. 2 will consist of the following persons: --------------------------------------------------------------- Name of Directors Designating Shareholder --------------------------------------------------------------- Goran Mornhed USE --------------------------------------------------------------- Allen J.
Neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by the Designating Shareholder (whether by operation of law or otherwise) without the prior written consent of the Company; provided, however, that the rights of the Designating Shareholder may be assigned by the Designating Shareholder to a Permitted Holder thereof; provided, further, that such Permitted Holder agrees in writing to be bound by and subject to the terms and conditions of this Agreement.
This Agreement may be amended or modified from time to time only by a written instrument executed and agreed to by the Company and each Designating Shareholder; provided that if a higher percentage or the unanimous consent of all Parties hereto is required pursuant to Dutch Law, then such higher percentage or unanimous consent shall be required.
Subject to the Companies Acts 1963 to 2001, a Director may only be removed from the Board with the written consent of the Designating Shareholder who designated such Director.
The size of the Board shall be subject to increase or reduction in accordance with the Articles; provided that no such reduction shall reduce the number of Directors that the Designating Shareholder is entitled to nominate pursuant to this Agreement.
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