Examples of Purchaser Designees in a sentence
The Board shall elect a chairman of the Board from among the Standby Purchaser Designees.
Notwithstanding the foregoing, at the election of the Standby Purchaser, in lieu of the designation of a replacement Company Designee as provided above, the size of the Board may be reduced by two directors so long as one of the Standby Purchaser Designees resigns, such that the Standby Purchaser will continue to have one more designee than the number of Company Designees (provided that the number of Company Designees, as reduced as aforesaid, may not be reduced below two).
The majority of the members of each committee shall consist of Standby Purchaser Designees, and at least one (1) Company Designee shall serve on each committee.
The Company shall disclose in its proxy statement, if a proxy statement is required to be filed, the nominated Purchaser Designees.
The number of the initial Company Designees and Standby Purchaser Designees shall be as provided in the Standby Purchase Agreement.