Subsidiary Boards definition
Examples of Subsidiary Boards in a sentence
Upon termination of Executive’s employment for any reason, Executive agrees to resign, as of the date of such termination and to the extent applicable, from the Board and any Subsidiary Boards (and any committees thereof).
The terms and conditions set out above shall to the extent practical and possible, apply mutatis mutandis to the board of directors of any potential Subsidiary (the "Subsidiary Boards") and the Shareholders shall take necessary actions to implement this.
The Company shall take such actions, including causing its Subsidiaries to take such actions, to ensure that the provisions of Subsidiaries' organizational documents applicable to Subsidiary Boards are not inconsistent with the provisions of this Agreement applicable to the Board or any Subsidiary Board.
The Chairman shall also attend meetings of the Board and any other Subsidiary Boards to which he is appointed (whether in person or by means of conference telephone or other communications equipment).
Board Committees and Subsidiary Boards: Subject to approval by the Requisite Stockholder Majority, the Parent Board and the boards of subsidiaries of Parent, will appoint audit, compensation and such other committees as will be necessary to comply with any applicable legal or securities exchange requirements or as otherwise desired by such board.