Board of Directors Composition. From and after the earlier of (i) the sixth anniversary of the Closing, and (ii) the date on which all provisions of this Agreement terminate pursuant to Section 5, the Stockholder shall take, and shall cause to be taken, such actions as are necessary to cause the Board of Directors to include at least five directors who are independent of and otherwise unaffiliated with the Parent or the Company and shall not be an officer or an employee, consultant or advisor (financial, legal or other) of the Parent or the Company or any of their respective Affiliates, or any person who shall have served in such capacity within the three-year period immediately preceding the date such determination is made.
Appears in 2 contracts
Sources: Governance Agreement (Continental Airlines Inc /De/), Governance Agreement (Northwest Airlines Corp)