Sentences with phrase «voting agreement»

But, according to the complaint, Kalanick has not been willing to codify those changes via an amended voting agreement.

They'll argue that the board's voting agreement means this case must be sent to an arbiter, and are alleging that Benchmark's claims — which relies heavily on media coverage, as opposed to primary documents — will melt away under private scrutiny.

Under the current voting agreement — which is part of the Benchmark litigation — Uber is obligated to seat them.

The firm takes particular issue with a new voting agreement they claim they were «fraudulently induced» to sign, giving Kalanick the right to appoint new board directors.

It was at the same time that Travis agreed in writing to modify the company's voting agreement to ensure that the board was composed of independent, diverse, and well qualified directors.

For financing led by a U.S. investor, provisions usually included in a shareholder agreement may be included in two separate agreements — a stockholder agreement and a voting agreement.

Mr. Buffett has entered into a voting agreement with Berkshire providing that, should the combined voting power of Berkshire shares as to which Mr. Buffett has or shares voting and investment power exceed 49.9 % of Berkshire's total voting power, he will vote those shares in excess of that percentage proportionately with votes of the other Berkshire shareholders.

Kalanick, however, says Benchmark had 14 months to voice its concerns over that agreement and the first mention of the claims that they were defrauded into singing those voting agreements was in the lawsuit Benchmark filed.

Kalanick calls Benchmark's claims — that he defrauded the firm into signing amendments to the board's voting agreements — fabrications.

If Benchmark had no problem with the voting agreement for 14 months, as Kalanick alleges, then that could help Kalanick's argument against the need for an injunction.

In a bid to get Kalanick off the board, Benchmark filed a complaint that said Kalanick defrauded the firm into singing a voting agreement that gave him the right to appoint three new board directors.

A voting agreement among the common and preferred stockholders forces the stockholders to vote in favor of director nominees selected in a certain manner (i.e. all of the Series A stockholders agree to vote in favor of the nominee from VC Fund X for the Series A seat).

A clause was crafted in the company's voting agreement that could respond to such an allegation quickly while also avoiding reputational damage and protracted legal action.

According to the bill, the power of control includes control of management, right to appoint a majority of directors, and make policy decisions related to the management rights, shareholding, voting agreements or shareholder agreements.

Additionally, as previously disclosed, on July 23, 2012 the company entered into a voting agreement with the Estate of William Polk Carey and W. P. Carey & Co..

The voting agreement, which allocated votes based on the number of members in each association, did not affect the quorum requirements for shareholder votes, said the court.