New Board of Directors Sample Clauses
New Board of Directors. On the Closing Date, the board of directors for the Issuer shall be comprised of seven (7) directors consisting of: (a) the chief executive officer of the Company, (b) four (4) directors designated by the members of the Ad Hoc Group and (c) two (2) directors designated by a majority of the holders of Credit Facility Claims.
New Board of Directors. (a) The slate of directors to be presented to stockholders of Hexcel in accordance with Section 4.18 is expected to be Marshall S. Geller, Joseph L. Harrosh, Peter A. Langerman, John ▇. ▇▇▇, ▇▇▇▇▇▇ ▇. Sp▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ W. ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇n ▇. ▇▇▇▇▇, ▇et▇▇ ▇. ▇▇▇▇▇▇▇ ▇▇▇ Ro▇▇▇▇ ▇. ▇▇▇▇.
(b) On the Closing Date, Hexcel shall cause to be delivered to Ciba (i) duly signed resignations, effective immediately after the Closing, of Messrs. Harrosh, Wimer, Wolfson and Witt in order to permit the appointment of John M.D. ▇▇▇▇▇▇ond, ▇▇▇▇ley Sherman, Joseph T. Sullivan and Her▇▇▇▇ Vodic▇▇ ▇▇ ▇▇▇l ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇he▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇corda▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇vernance Agreement and (ii) such other resignations as may be necessary permit Ciba's nominees to become directors and committee members in accordance with the Governance Agreement, and Hexcel shall take such other action as is necessary to accomplish the foregoing. Immediately following the appointment of such Ciba nominees, the number of directors constituting Hexcel's Board of Directors shall be fixed at ten and Juergen Habermeier shall be appointed to fill the remaining vaca▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇▇ with the Governance Agreement. On the Closing Date, Ciba shall cause to be delivered to Hexcel duly signed resignations (from the applicable boards of directors and committees thereof), effective immediately after the Closing, of the directors of each of the Divested Subsidiaries.
New Board of Directors. The board of directors of the Reorganized Debtor on and after the Effective Date.
New Board of Directors. The Seller and the Buye agree that the new Board of Directors shall consist of 5 members: Mehanem Golan, Evgeny Afineevsky, Ilia Kokarev, Alexander Wal▇▇▇,
New Board of Directors. At or immediately before closing, the directors of the Company shall appoint a board consisting of J. Ralph Armijo and Robert Grizzle. The members of the Company's Board o▇ ▇▇▇▇▇▇▇▇▇ shall ▇▇▇▇▇▇▇▇▇▇ ▇▇sign. The Company agrees to maintain the indemnification rights as they apply to the outgoing Board of Directors in full force and effect based on the corporate charter of the Company and the Business Corporation Act of the State of Colorado during any period legally required.
New Board of Directors. The nominees of Silo Wellness shall have been duly elected or appointed, as applicable, to the board of directors and management of the Resulting Issuer as of the Closing Time;
New Board of Directors. In accordance with the Purchase Agreement and the Stockholders’ Agreement, the Company’s Board of Directors is currently composed of the following persons: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇.
New Board of Directors. On the Closing Date, the composition of the board of directors of Reorganized Holdings shall be as described in the Plan.
New Board of Directors. The board of directors of the Reorganized Debtor on and after the Effective Date. New Common Stock: The common stock, par value $0.01 per share, to be issued by the Reorganized Debtor on the Effective Date to the holders of Claims in Classes 3, 4, and 5 pursuant to sections 5.3, 5.4, and 5.5 of the Plan and reserved for issuance upon the conversion of New Preferred Stock into New Common Stock.
New Board of Directors. On the Closing Date, the composition of the board of directors of Reorganized Momentive shall be as described in the Term Sheet.