CVS » Topics » Provisions in Merger Agreement Relating to Board Committees

This excerpt taken from the CVS DEF 14A filed Apr 4, 2007.

Provisions in Merger Agreement Relating to Board Committees

CVS and Caremark agreed in the Merger Agreement that, at the effective time of the merger:


  n the chairman of the audit committee would be designated by the Caremark-designated directors, and the chairman of each of the management, planning and development committee and nominating and corporate governance committee would be designated by the CVS-designated directors; and


  n the Executive Committee initially would consist of four members: E. Mac Crawford, Thomas M. Ryan, one member appointed by the CVS-designated directors and one member appointed by the Caremark-designated directors.
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