Initial Board. The initial Board shall be comprised of the individuals listed on Schedule IV, and hereafter the composition of the Board shall be determined as follows: (i) two (2) Managers appointed by the LMP Member, with one of the LMP Managers serving as the Chairman; and (ii) one (1) Manager appointed by the AAG Member.
Appears in 4 contracts
Sources: Membership Interest Purchase Agreement (LMP Automotive Holdings, Inc.), Membership Interest Purchase Agreement (LMP Automotive Holdings, Inc.), Membership Interest Purchase Agreement (LMP Automotive Holdings, Inc.)