Examples of Organizational Documents Proposal in a sentence
Authorize the Board of Directors toIssue Preferred Stock Without Stockholder Consent (Organizational Documents Proposal B) Classified Board (Organizational Documents Proposal C)The Cayman Constitutional Documents authorize theissuance of 5,000,000 preferred shares with such designation, rights and preferences as may be determined from time to time by RTP’s board of directors.
See Article Seventh of the Proposed Certificate ofIncorporation.Exclusive Forum (Organizational Documents Proposal D) Takeovers by Interested Stockholders (Organizational Documents Proposal E)The Cayman Constitutional Documents do not contain a provision adopting an exclusive forum for certain shareholder litigation.
The approval of the Organizational Documents Proposal requires a special resolution under Cayman Islands Companies Law, being the affirmative vote of holders of at least two-thirds of the ordinary shares represented in person or by proxy and entitled to vote thereon and who vote at the Shareholders Meeting.
Each of the Business Combination Proposal, the Domestication Proposal, the Organizational Documents Proposal, the Advisory Organizational Documents Proposals, the PIPE Proposal, the 2021 Plan Proposal, the Founder Plan Proposal and the Director Election Proposal (each as defined herein, and collectively, the “Condition Precedent Proposals”) is cross-conditioned on the approval of each of the other Condition Precedent Proposals.
The approval of the Organizational Documents Proposal requires a special resolution under Cayman Islands law, being the affirmative vote of the holders of at least two-thirds of the ordinary shares of NAAC represented in person or by proxy and entitled to vote thereon and who vote at the extraordinary general meeting.