KKR Director definition
Examples of KKR Director in a sentence
In the event of any vacancy created by the removal, replacement, resignation or death of a KKR Director, such vacancy shall be filled in the sole discretion of KKR.
Subject to Section 2.1(d)(vi), for so long as the Company maintains the Compensation Committee and Nominating Committee, such committees shall each consist of at least one KKR Director (but only if the KKR Parties are then entitled to nominate at least one KKR Director) and at least one SL Director (but only if the SL Parties are then entitled to nominate at least one SL Director).
If Rajini ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ is no longer a member of the Board, the Principal Stockholders shall take all necessary action to cause the KKR Director to vote in favor of such other officer of the Company designated by the Chief Executive Officer and approved by the Board for appointment to the Board and thereafter vote, or provide a written consent or proxy with respect to, their shares of Common Stock in favor of such officer for election to the Board.
It is understood by the parties hereto that no KKR Director is required to be designated by KKR on any committee and any failure by KKR to exercise such right in this section in a prior period shall not constitute any waiver of such right in a subsequent period.
From and after the closing of the IPO, the rights of the Principal Stockholders to designate directors to the Board and its committees shall be as set forth in the remainder of this Section 2.1. At the completion of the IPO, the Board shall include the applicable KKR Director referred to in this paragraph (a), and such other individuals as shall be nominated and elected to the Board from time to time by the Board or the Company’s stockholders consistent herewith and with applicable law.
The Corporation is entitled, solely for the purposes set forth in this Section 2(a), to identify each such individual as a KKR Director pursuant to this Agreement.
Subject to Section 2.1(d)(vi), for so long as the Company maintains the Audit Committee, it shall consist of at least one KKR Director (but only if the KKR Parties are then entitled to nominate at least one KKR Director) and at least one SL Director (but only if the SL Parties are then entitled to nominate at least one SL Director).
The Company is entitled to identify such individual as a KKR Director pursuant to this Agreement.
Each KKR Director is permitted to disclose to the Principal Stockholder Group information about the Company and its Affiliates that he or she receives as a result of being a Director, subject to his or her fiduciary duties under Delaware law.
Subject to Section 2.1(d)(vi), for so long as the Company maintains the Audit Committee, it shall consist of at least one KKR Director (but only if the KKR Parties are then entitled to nominate at least one KKR Director) and at least one Silver Lake Director (but only if the SL Parties are then entitled to nominate at least one Silver Lake Director).