Examples of Joint Designee in a sentence
The Interestate Oversight Board shall consist of: (1) a director designated by the Consolidated SWINC Estate Governing Board, who shall not be the SWINC Plan Administrator (the "SWINC Designee"); (2) a director designated by the SWE&C Liquidating Trust Advisory Board, who shall not be the SWE&C Liquidating Trustee (the "SWE&C Designee); and (3) a director agreed to by the SWINC Designee and the SWE&C Designee (the "Joint Designee").
In the event that there is no unanimity as to the resolution of any interestate dispute after 30 days, the Joint Designee shall issue a final and binding resolution based on the facts, equities and legal authorities.
The Joint Designee shall be entitled to compensation at such amounts agreed to by the Joint Designee and the other Interestate Oversight Board members.
In the event that the SWINC Designee and the SWE&C Designee cannot agree as to the appointment of the Joint Designee, each will recommend two (2) independent nominees (i.e., individuals who hold no interest in or claims against any of the Debtors or their affiliates) and the Court shall appoint the Joint Designee.
If, prior to the Effective Time, Parent and Company are not able to agree on the identity of the Joint Designee, then such position shall be vacant at the Effective Time and shall be filled thereafter in accordance with Parent's Bylaws and Certificate of Incorporation.
If such a written notice from the Secretary has not been received by BTG 17 Business Days after the receipt by GTSI of such written notice of nomination, the GTSI Board shall be conclusively deemed to have approved such nominee to be the Joint Designee and GTSI shall nominate such Joint Designee at the next annual meeting of holders of Common Stock for the purpose of electing directors to the GTSI Board.
The Joint Designee shall be deemed to be an independent director of bamboo if such person is neither a director, officer or employee of bamboo or IPIX or owns, directly or indirectly, more than 3% of the outstanding common stock of bamboo after the Effective Time.
The Joint Designee shall be deemed to be an independent director of Newco if such person is neither a director, officer or employee of bamboo or IPIX or owns, directly or indirectly, more than 3% of the outstanding common stock of Newco after the Effective Time.
Initially, four (4) of such directors shall be designated by Parent (the "Parent Designees"), four (4) of such directors shall be designated by Company (the "Company Designees") and one (1) of such directors shall be designated jointly by Parent and Company ("Joint Designee").
If the GTSI Board approves such nominee, such nominee shall be the Joint Designee and GTSI shall nominate such Joint Designee at the next annual meeting of holders of Common Stock for the purpose of electing directors to the GTSI Board.