Examples of Subsidiary Governing Body in a sentence
The Board shall have the right (but not the obligation) to authorize observers (each an “Observer”, and collectively, the “Observers”) to attend any meeting of the Board, each Subsidiary Governing Body, and each committee of the Board and each Subsidiary Governing Body (each such meeting, a “Meeting”).
NGR Management, or the applicable Subsidiary of NGR Management, shall give the Observers advance notice of all Meetings and all materials given to members of the Board, any Subsidiary Governing Body and any such committee of any of them.
In addition to the Initial Awards pursuant to Section 6, Awards under the Plan shall be made to such members of the Board and any Subsidiary Governing Body and such employees and prospective employees, officers and prospective officers of the Company and/or its subsidiaries and/or the Management Company, as the Committee selects in its sole discretion, in consultation with the Chief Executive Officer of the Company, and in accordance with Section 5(b), below.
In the event any Subsidiary of the Company has any board of directors, board of managers or similar governing authority (a “Subsidiary Governing Body”), the Company shall take such action as necessary to cause such Subsidiary Governing Body to be comprised of not more than seven (7) persons and each of the Holder Designees to be appointed as a member of such Subsidiary Governing Body.
For the avoidance of doubt, the “Person” referred to in the immediately preceding sentence shall only mean the Person serving as an Officer of NGR Management (or holding any equivalent position at a Subsidiary Governing Body) and not any other Person (including any of such Person’s colleagues, associates, employers, employees, partners or Affiliates, or any Investment Fund with which such Person may be associated).
The EQT Stockholders (for so long as they have a Nomination Right) and the Brigade Stockholders (for so long as they have a Nomination Right) shall be entitled to proportional representation on any Subsidiary Governing Body.
In addition to the Initial Awards pursuant to Section 6,Awards under the Plan shall be made to such members of the Board and any Subsidiary Governing Body and such employees and prospective employees, officers and prospective officers of the Company and/or its subsidiaries and/or the Management Company, as the Committee selects in its sole discretion, in consultation with the Chief Executive Officer of the Company, and in accordance with Section 5(b), below.
None of the Stockholders and Significant Holders, and no officer, director, manager, stockholder, partner, member, employee or agent of any Stockholder or Significant Holder, makes any representation or warranty as to the fitness or competence of the designee of any party hereunder to serve on the Board of Directors or any Subsidiary Governing Body by virtue of being a party to this Agreement or by the act of such party in voting for such nominee pursuant to this Agreement.