Examples of Reorganized Board in a sentence
From and after the Effective Date, the Reorganized Board may determine to deregister the New Common Equity if the Reorganized Parent is eligible to do so in accordance with the rules and regulations of the Exchange Act.
A five-member search committee (the “Search Committee”) will select the members of the Reorganized Board of Directors.
The existing officers of the Debtors as of the Effective Date shall remain in their current capacities as officers of the Reorganized Debtors, subject to their right to resign and the ordinary rights and powers of the Reorganized Board to remove or replace them in accordance with the New Governance Documents and any applicable employment agreements that are assumed pursuant to the Plan.
After the Effective Date, the Reorganized Board shall adopt the Management Incentive Plan.
As a result of this negotiated agreement, the interests of numerous parties should be adequately represented by the Reorganized Board of Directors.