Action by the Board. (a) A quorum of the Board shall consist initially of four directors; provided that DLJMB shall have the right, in its sole discretion, until such time as the Percentage Ownership of the DLJ Entities is less than 10% on a Fully Diluted basis of the DLJ Entities' Initial Ownership of Common Stock, to increase or decrease the number of directors necessary to constitute a quorum.
Appears in 5 contracts
Samples: Investors' Agreement (Decisionone Holdings Corp), Investors' Agreement (Lee Thomas H Equity Fund Iii L P), Investors' Agreement (Decisionone Holdings Corp)
Action by the Board. (a) A quorum of the Board shall consist initially of four directors; provided that DLJMB shall have the right, in its sole discretionand, until such time for so long as the Percentage Ownership DLJMB Entities and their Permitted Transferees shall own 50% of the DLJ Entities is less than 10% on a Fully Diluted basis of the DLJ Entities' Initial Ownership outstanding shares of Common Stock, to increase or decrease the number at least three of such four directors necessary to constitute a quorum.must be designees of DLJ
Appears in 1 contract
Samples: Stockholders Agreement (Manufacturers Services LTD)
