Number of Board Members. At all times prior to the effective time (the "Closing Time") that Blue Cross and Blue Shield of Missouri, Inc., a Missouri general business corporation which will be a wholly owned subsidiary of the Corporation immediately prior to the Closing Time, merges into RightCHOICE Managed Care, Inc., a Delaware corporation which will be a wholly owned subsidiary of the Corporation immediately prior to the Closing Time, the total number constituting the members of the Board shall be three (3). From and after the Closing Time, the total number constituting the members of the Board shall be fifteen (15). These numbers are exclusive of the Executive Director who, from the time of his or her election, shall be an ex officio, non-voting member of the Board.
Appears in 2 contracts
Sources: Settlement Agreement (Rightchoice Managed Care Inc), Settlement Agreement (Rightchoice Managed Care Inc)