Common use of Board of Directors of the Company Clause in Contracts

Board of Directors of the Company. (a) As of the Effective Date, the number of directors constituting the entire Board of Directors of the Company is seven, but the Board of Directors may increase its size to eight (8). Apollo (or any representative thereof designated by Apollo) shall be entitled, but not required, to nominate up to three (3) members to the Board of Directors (collectively, the "APOLLO NOMINEES") and the Company shall be entitled, but not required, to nominate the remaining members to the Board of Directors. One Apollo Nominee shall be classified as a Class I Director of the Company, one Apollo Nominee shall be classified as a Class II Director of the Company, and one Apollo Nominee shall be classified as a Class III Director of the Company.

Appears in 3 contracts

Samples: Stockholders Agreement (Rent a Center Inc De), Stockholders Agreement (Rent a Center Inc De), Stockholders Agreement (Rent a Center Inc De)

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Board of Directors of the Company. (a) As of the Effective Date, the number of directors constituting the entire Board of Directors of the Company is seven, but the Board of Directors may increase its size to eight (8). Apollo (or any representative thereof designated by Apollo) shall be entitled, but not required, to nominate up to three (3) members to the Board of Directors (collectively, the "APOLLO NOMINEES"“Apollo Nominees”) and the Company shall be entitled, but not required, to nominate the remaining members to the Board of Directors. One Apollo Nominee shall be classified as a Class I Director of the Company, one Apollo Nominee shall be classified as a Class II Director of the Company, and one Apollo Nominee shall be classified as a Class III Director of the Company.

Appears in 1 contract

Samples: Stockholders Agreement (Apollo Investment Fund Iv Lp)

Board of Directors of the Company. (a) As of the Effective Date, the number of directors constituting the entire Board of Directors of the Company is seveneight (8), but three (3) of which have been previously designated by Apollo for nomination to the Board of Directors may increase its size to eight (8)each, an “Apollo Nominee” and collectively, the “Apollo Nominees”). Apollo (or any representative thereof designated by Apollo) shall hereafter be entitled, but not required, to nominate designate up to three two (32) members Apollo Nominees for nomination to the Board of Directors, such that, subject to Section 4.1(j) hereof, up to two (2) Apollo Nominees shall be members of the Board of Directors (collectivelyof the Company, the "APOLLO NOMINEES") and the Company shall be entitled, but not required, to nominate the remaining members to the Board of Directors. One So long as Apollo Nominee shall be entitled to nominate two (2) Apollo Nominees, such Apollo Nominees shall be classified as a in separate classes (be it Class I Director of the CompanyI, one Apollo Nominee shall be classified as a Class II Director of the Company, and one Apollo Nominee shall be classified as a or Class III Director of the CompanyIII).

Appears in 1 contract

Samples: Stockholders Agreement (Rent a Center Inc De)

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Board of Directors of the Company. (a) As of the Effective Date, the number of directors constituting the entire Board of Directors of the Company is seven, but the Board of Directors may increase its size to eight (8). Apollo (or any representative thereof designated by Apollo) shall be entitled, but not required, to nominate up to three (3) members to the Board of Directors (collectively, the "APOLLO NOMINEESApollo Nominees") and the Company shall be entitled, but not required, to nominate the remaining members to the Board of Directors. One Apollo Nominee shall be classified as a Class I Director of the Company, one Apollo Nominee shall be classified as a Class II Director of the Company, and one Apollo Nominee shall be classified as a Class III Director of the Company.

Appears in 1 contract

Samples: Stockholders Agreement (Apollo Investment Fund Iv Lp)

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