SUBJECT TO BOARD APPROVAL Sample Clauses

The 'Subject to Board Approval' clause establishes that a particular action, agreement, or decision will only become effective if it receives formal approval from the company's board of directors. In practice, this means that even if parties have negotiated and agreed upon terms, the arrangement is not binding or enforceable until the board has reviewed and authorized it, often through a formal vote or resolution. This clause serves to ensure that significant decisions undergo proper oversight and align with the company's governance procedures, thereby protecting the organization from unauthorized commitments or actions.
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SUBJECT TO BOARD APPROVAL. This Agreement is subject to approval of the Board of Directors of Employer. In connection therewith, Employer agrees to submit this Agreement for approval to its Board of Directors on or before April 30, 1999, and to advise Employee promptly following such meeting as to whether this Agreement was approved. In the event this Agreement is not approved on or before such date, this Agreement shall be void and of no further force or effect.
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SUBJECT TO BOARD APPROVAL. This Contract is subject to approval by written resolution of the Board of Education of the Olentangy Local School District.
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SUBJECT TO BOARD APPROVAL. This Second Amendment is subject to the approval of the Board of Directors of CPFC, ACE and AFC prior to the close of business on June 23, 1998.
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SUBJECT TO BOARD APPROVAL. The terms of this agreement are subject to approval by the Board of Directors.
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SUBJECT TO BOARD APPROVAL. This Agreement is entered into between the IA and the employee (DIRECTOR) but both parties understand that is not binding until it is formally approved and voted on by the Board of Directors of IA.
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SUBJECT TO BOARD APPROVAL. Contractor understands and acknowledges that this Amendment No. 2 shall not be binding upon the District or School Board until it is formally approved and voted on by the District’s School Board. Nor shall this Amendment No. 2 be binding on Contractor until executed in accordance with such approval.
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Related to SUBJECT TO BOARD APPROVAL

  • Board Approval The Board of Directors of Company has, as of the date of this Agreement, (i) determined that the Merger is fair to, and in the best interests of Company and its shareholders, and has approved this Agreement and (ii) declared the advisability of the Merger and recommends that the shareholders of Company approve and adopt this Agreement and approve the Merger.

  • Board Approvals The Company Board of Directors, at a meeting duly called and held, has unanimously (i) determined that each of the Agreement, the Offer and the Merger are advisable and fair to and in the best interests of the stockholders of the Company, (ii) duly and validly approved, adopted and declared advisable this Agreement and the Transactions and taken all other corporate action required to be taken by the Company Board of Directors to authorize the consummation of the Transactions, and (iii) resolved to recommend, subject to Section 5.2, that the stockholders of the Company accept the Offer, tender their Shares to the Purchaser pursuant to the Offer, and approve and adopt this Agreement and the Merger, and none of the aforesaid actions by the Company Board of Directors has been amended, rescinded or modified, except as provided in Section 5.2. The action taken by the Company Board of Directors constitutes approval of the Transactions (including each of the Offer and the Merger) by the Company Board of Directors under Section 203 of the DGCL, and no other state takeover statute or similar statute or regulation in any jurisdiction in which the Company does business is applicable to the Transactions (including each of the Offer and the Merger).

  • Director Approval The Board of Directors of Holdings shall have approved this Agreement and the transactions contemplated herein.

  • Board of Director Approval This Agreement shall have been approved by the Board of Directors of Acquirer.

  • Shareholders' Approval The Company shall: (a) call a special meeting of the Shareholders (the "Shareholders' Meeting") within 30 days (or such other period as may be required by applicable law) after the S-4 shall have been declared effective by the SEC for the purpose of obtaining the approval of the Merger, this Agreement and the Plan of Merger and the transactions contemplated hereby and thereby (the "Shareholder Action"); and (b) recommend that the Shareholders vote in favor of the Merger and approve this Agreement and the Plan of Merger and take or cause to be taken all such other action as may be required by the New Jersey Statute and any other applicable law in connection with the Merger, this Agreement and the Plan of Merger, in each case as promptly as possible. The Company shall prepare and distribute any written notice and other materials relating to the Shareholder Action, including, without limitation, a proxy statement (the "Shareholder Statement"), in accordance with the Certificate and by-laws of the Company, the New Jersey Statute and any other Federal and state laws relating to the Merger, such Shareholders' Meeting or any other transaction relating to or contemplated by this Agreement (collectively, the "Shareholders' Materials"); PROVIDED, HOWEVER, that Parent and its counsel shall have the opportunity to review all Shareholders' Materials prior to delivery to the Shareholders, and all Shareholders' Materials shall be in form and substance reasonably satisfactory to Parent and its counsel; PROVIDED, FURTHER, HOWEVER, that if any event occurs which should be set forth in an amendment or supplement to any Shareholders' Materials, the Company shall promptly inform Parent thereof (or, if such event relates solely to Parent, Parent shall promptly inform the Company thereof), and the Company shall promptly prepare an amendment or supplement in form and substance satisfactory to Parent in accordance with the Certificate and by-laws of the Company, the New Jersey Statute and any other Federal or state laws.