Initial Board Members Clause Samples
The 'Initial Board Members' clause defines who will serve as the first members of a company's board of directors upon its formation or at the start of a new agreement. This clause typically lists the names of the individuals appointed to the board and may specify their roles or terms of service. By clearly identifying the initial decision-makers, the clause ensures organizational leadership is established from the outset, providing clarity and stability during the company's early operations.
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Initial Board Members. The CEO Designee shall be ▇▇▇▇▇▇▇▇▇ Sum; the Secretary Designee shall be ▇▇▇▇▇▇▇ ▇▇▇▇; the Series A, B and C Designee shall be ▇▇▇▇▇▇▇ ▇▇▇; the Series D Designee shall be ▇▇▇▇▇ ▇▇▇▇; the Series E Designee shall be ▇▇▇ ▇▇▇▇; the initial Series F Designees shall be ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇; the Shareholders’ Designee shall be ▇▇▇▇▇▇▇ ▇▇▇▇▇ and the CapInfo Designee shall be Xinxiang Chen.
Initial Board Members. The initial Series E Designee shall be ▇▇▇▇▇▇▇ ▇▇▇▇▇▇; the initial Series D Designee shall be ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇; the initial Series C Designee shall be ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇; the initial Series B Designee shall be ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇; the initial Stockholders’ Designees shall be ▇▇▇▇ Nahi and ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇; the Independent Director will be designated following the Effective Date.
Initial Board Members. Following the date of this Agreement, the initial Series A/B Directors shall be ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ and ▇▇▇▇▇ ▇▇▇▇▇▇▇; the initial Series C Directors shall be ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ and ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇; the initial Independent Directors shall be a vacant seat and ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇; and the initial CEO Director shall be ▇▇▇▇ ▇▇▇▇▇▇▇▇▇.
Initial Board Members. The initial KPCB Series E Designee shall be ▇▇▇ ▇▇▇▇▇▇▇▇; the initial Bay Series E Designee shall be ▇▇▇▇ ▇▇▇▇▇▇▇; the initial Series D Designee shall be ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇; the initial Series C Designee shall be ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇; the initial Series B Designee shall be ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇; the initial Stockholders’ Designees shall be ▇▇▇▇ Nahi and ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇; the Independent Director will be designated following the Effective Date.”
3. Section 4.1(b) of the Voting Agreement is amended and restated to read in its entirety as follows:
Initial Board Members. As of the date of this Agreement and prior to the Initial Closing, the initial CEO Designee shall be ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇, the initial Artiman Designee shall be ▇▇▇▇▇ ▇▇▇▇▇▇▇ and the initial dSpace Initial Designees shall be undesignated.
Initial Board Members. The initial CEO shall be Mich▇▇▇ ▇. ▇▇▇▇▇▇▇▇; ▇▇e initial HNC Designees shall be Robe▇▇ ▇. ▇▇▇th and Raym▇▇▇ ▇. ▇▇▇▇▇▇; ▇▇d the initial HNC Director Designee shall be Char▇▇▇ ▇. ▇▇▇▇▇▇▇, ▇▇. ▇▇e parties acknowledge that the initial Selected Director has not yet been designated.
Initial Board Members. As of the Effective Date, the initial Vobis Designee shall be Theo ▇▇▇▇▇▇.
Initial Board Members. Initially, and until replaced by the Members pursuant to Sections 6.2, 6.3 or 6.4, the Board shall be comprised of Primo L. Montesi, Dennis C. Cossey, and Alex G. Fassbender.
Initial Board Members. The person initially filling the CEO --------------------- position on the Board shall be ▇▇▇▇▇▇▇ ▇▇▇▇▇, the Company's Vice President and General Manager; the initial Asymetrix Designee shall be ▇▇▇▇ ▇▇▇▇▇▇▇; and the initial Vulcan Designee shall be ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇.
Initial Board Members. The Chiefs of Police of Algonquin, ▇▇▇▇, Lake in the Hills, and McHenry City and the Sheriff of the County, or their designees, shall make up the initial Joint Training Facilities Board (the “Initial Members”) and shall serve so long as they remain “Members” (hereinafter defined).