Examples of Preferred Stock Designee in a sentence
Upon conversion of the Convertible Preferred Stock, the Convertible Preferred Stock Director Designee then serving on the Corporation’s board of directors shall continue in such capacity as the Redeemable Preferred Stock Designee.
Upon conversion of the Convertible Preferred Stock, the Convertible Preferred Stock Director Designee then serving on the Corporation's board of directors shall continue in such capacity as the Redeemable Preferred Stock Designee.
Upon conversion of the Convertible Stock, the holder or holders of not less than a majority in voting power of the outstanding Series A Redeemable Preferred Stock shall designate one of the Convertible Stock Director Designees then serving on the Corporation's board of directors to continue in such capacity as the Series A Redeemable Preferred Stock Designee.
For so long as the Purchasers and their Affiliates, as holders of the Preferred Stock and Warrants maintain ownership at the Ownership Threshold, shall have the right under this Agreement and the Certificate of Designation to designate the Preferred Stock Designee, TWCP shall have the right, separately enforceable by it without further action required or permitted by any of the Purchasers or their Affiliates, to designate such Preferred Stock Designee.
Upon conversion of the Convertible Stock, the Convertible Stock Director Designee then serving on the Corporation's board of directors shall continue in such capacity as the Redeemable Preferred Stock Designee.
Xxxxx, and one Preferred Stock Designee and Class III directors will consist of Xxxxxx X.
The Board shall establish an Audit Committee comprised of three (3) individuals and shall include the Independent Director, one of the Series A Preferred Stock Designees, who, for so long as Planet Zanett shall be entitled hereunder to appoint a Series A Preferred Stock Designee, shall be the Series A Preferred Stock Designee nominated by Planet Zanett, and a Board member designated by the Board members elected by a majority of the holders of the Company's Common Stock.
Xxxxx and a Preferred Stock Designee; and Class III directors will consist of Xxxxxx X.
Without the approval of a majority of the members of the Board, which approval must include the affirmative vote of the Series A Preferred Stock Designee, the Company shall not enter into any new line of business.
The Board shall establish a Compensation Committee comprised of three (3) individuals and shall include the Independent Director, one of the Series A Preferred Stock Designees, who, for so long as Planet Zanett shall be entitled hereunder to appoint a Series A Preferred Stock Designee, shall be the Series A Preferred Stock Designee nominated by Planet Zanett, and a Board member designated by the Board members elected by a majority of the holders of the Company's Common Stock.