Examples of Xxxxx Designees in a sentence
For the avoidance of doubt, Mercury and New Holdco and their respective Boards of Directors shall take all requisite action so that the Xxxxx Designees shall have been appointed to the Board of Directors of New Holdco prior to the First Merger Effective Time with such Xxxxx Designees taking office at 12:01 a.m. (Richmond, Virginia time) on the day after the date of the Second Merger Effective Time.
The Majority ----------------------------------------- Stockholder shall have the right to have included in any registration pursuant to Section 1 or Section 2 any shares of Class B Common Stock owned by any of the Xxxxx Designees as though such shares were Registrable Securities owned by the Majority Stockholder.
Except as expressly contemplated hereby, this Agreement may not be assigned by any party to it without the prior written consent of the other parties; provided, however, that subject to Section 4.7(a) without the prior written consent of the other parties hereto Xxxxx shall be entitled to assign his right to designate one or more of the Xxxxx Designees to any transferee of any shares of Common Stock then held by Xxxxx or any of his Affiliates.
Xxxxx Xxxxxxxxxx, III shall not be independent, for purposes of the proposed rules of the NYSE (as the same may be modified and/or become effective prior to the Effective Time) (the "Xxxxx Designees"), each to serve for a term expiring on the earlier of his or her death, resignation or removal or the next annual meeting of shareholders and, despite the expiration of his or her term, until his or her successor has been elected and qualified or there is a decrease in the number of directors.
Xxxxx Designees and Permitted Transferees........................
The Majority ----------------------------------------- Stockholder shall have the right to have included in any registration pursuant to Section 1 or Section 2 any shares of Common Stock owned by any of the Xxxxx Designees as though such shares were Registrable Securities owned by the Majority Stockholder.