Examples of Newco Board in a sentence
For so long as Seagate owns (of record or beneficially) at least 5% of the outstanding Newco Common Stock, Seagate agrees that it will not exercise dissenter's or appraisal rights or otherwise dissent or seek appraisal rights with respect to any Corporate Event involving Newco that has been approved by the Newco Board.
Newco shall provide to the Seagate Designee(s) that are not employees of Newco the same compensation, rights and benefits and indemnities as are provided to other non-employee members of the Newco Board.
Newco shall use its best efforts (i) to cause the Newco Board to unanimously recommend to its stockholders that such stockholders vote in favor of the designee(s) of Seagate under Section 1.2 or 1.3 of this Agreement (the "SEAGATE DESIGNEE(S)"); and (ii) to cause the shares for which Newco's management holds proxies to be voted in favor of the election of such Seagate Designee(s) nominated pursuant to this Agreement.
Xxxx may be Hippo or Rhino director designees (but may not serve as Chairman of the Newco Board of Directors).
Newco shall also have such other officers as may be elected by the Newco Board.