Examples of FF Top Designee in a sentence
The parties expressly agree that time is of the essence in effecting the removal and replacement of any FF Top Designee that FF Top has determined to remove and/or replace pursuant to this Section 2.1(b).
Each FF Top Designee shall be entitled to the same rights and privileges applicable to all other members of the Board generally or to which all such members of the Board are entitled (in each case, taking into account Board committee obligations).
Subject to Section 2.1(b) and the reasonable verification/reasonable approval of the Nominating and Corporate Governance Committee pursuant to Section 2.1(a) that such FF Top Designee satisfies the Criteria, the Company shall use reasonable best efforts to support each FF Top Designee for election to the Board in a manner no less rigorous and favorable than the manner in which the Company supports its other nominees, including by soliciting proxies in favor of the election of each FF Top Designee.
FF Top has the right, at any time and from time to time, to remove any FF Top Designee (including, for the avoidance of doubt, any of the 2023 FF Top Nominees), and FF Top has the exclusive right, but not the obligation, to nominate a replacement nominee to fill any vacancy so created by such removal or resignation of such FF Top Designee.
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The Company shall, to the fullest extent permitted by Law, take all Necessary Actions to (i) include each FF Top Designee in the slate of nominees recommended by the Board at any meeting of shareholders called for the purpose of electing directors (or consent in lieu of meeting), and (ii) include each FF Top Designee in the proxy statement prepared by the management of the Company with respect to the election of members of the Board and at every adjournment or postponement thereof.
FF Top agrees that no FF Top Designee shall be subject to any “bad actor” disqualifying event described in Rule 506(d)(1)(i)-(viii) promulgated under the Securities Act of 1933, as amended, and that all such FF Top Designees shall be subject to the prior and reasonable approval of the Nominating and Corporate Governance Committee.
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The Company shall pay the reasonable and documented out-of-pocket expenses incurred by each FF Top Designee serving on the Board in connection with such Director’s services provided to or on behalf of the Company, including attending meetings or events on behalf of the Company at the Company’s request.
Except as provided in Sections 2.3, 2.4 and 2.5, each FF Top Designee and the other members serving on the Board shall be entitled to the same rights and privileges applicable to all other members of the Board generally or to which all such members of the Board are entitled.