Examples of Sempra Group in a sentence
The Board shall have the authority to fix the compensation of Directors, which compensation shall in no manner be tied to, reflect, and/or be related to the financial performance of any Sempra Group member (other than the Company), or any Person holding a direct or indirect ownership interest in the Company or the Majority Member, or the performance of the stock or business of any Sempra Group member or any Person holding a direct or indirect ownership interest in the Company or the Majority Member.
Notwithstanding the foregoing, unless otherwise ordered by the PUCT, to the extent that any member of the Sempra Group acquires the Minority Member’s Interests in the Company, the Minority Member’s right to designate two Minority Member Directors pursuant to Section 10(b) and this Section 10(c)(iv) shall be eliminated and the number of Directors sitting on the Board shall be reduced by those two positions.