Common use of Compensation and Nominating Committees Clause in Contracts

Compensation and Nominating Committees. In connection with M▇. ▇▇▇▇▇▇▇’▇ resignation from the Board, the Board shall take all actions necessary to appoint M▇. ▇▇▇▇▇▇▇▇▇▇ as a member of the Compensation Committee, and M▇. ▇▇▇▇▇▇▇▇▇▇ shall continue to serve as a member of the Nominating Committee. In each case, M▇. ▇▇▇▇▇▇▇▇▇▇ will serve on such committees during the Standstill Period, unless he ceases to satisfy the applicable Independence Conditions, and after the Standstill Period at the discretion of the Board.

Appears in 1 contract

Sources: Settlement Agreement (Stadium Capital Management LLC)

Compensation and Nominating Committees. In connection with M▇. ▇▇▇▇▇▇▇’▇ resignation from the Board, the Board shall take all actions necessary to appoint M▇. ▇▇▇▇▇▇▇▇▇▇ as a member of the Compensation Committee, and M▇. ▇▇▇▇▇▇▇▇▇▇ shall continue to serve as a member of the Nominating Committee. In each case, M▇. ▇▇▇▇▇▇▇▇▇▇ will serve on such committees during the Standstill Period, unless he ceases to satisfy the applicable Independence Conditions, and after the Standstill Period at the discretion of the Board.

Appears in 1 contract

Sources: Settlement Agreement (BIG 5 SPORTING GOODS Corp)