{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "notwithstanding-articles", "type": "clause", "offset": [0, 24]}, {"key": "annual-general-meetings", "type": "definition", "offset": [48, 71]}, {"key": "unanimous-resolutions", "type": "clause", "offset": [75, 96]}, {"key": "the-directors", "type": "clause", "offset": [127, 140]}, {"key": "number-of", "type": "definition", "offset": [195, 204]}, {"key": "this-article", "type": "definition", "offset": [242, 254]}, {"key": "at-any-time", "type": "clause", "offset": [269, 280]}, {"key": "first-directors", "type": "definition", "offset": [320, 335]}, {"key": "time-of-the", "type": "clause", "offset": [348, 359]}, {"key": "term-of-office", "type": "definition", "offset": [444, 458]}, {"key": "other-case", "type": "clause", "offset": [474, 484]}, {"key": "current-directors", "type": "definition", "offset": [517, 534]}, {"key": "appointment-of-directors", "type": "clause", "offset": [702, 726]}, {"key": "under-article", "type": "definition", "offset": [727, 740]}], "snippet": "Notwithstanding Articles 13.1 and 13.2, between annual general meetings or unanimous resolutions contemplated by Article 10.2, the directors may appoint one or more additional directors, but the number of additional directors appointed under this Article 14.8 must not at any time exceed:\n(1) one-third of the number of first directors, if, at the time of the appointments, one or more of the first directors have not yet completed their first term of office; or\n(2) in any other case, one-third of the number of the current directors who were elected or appointed as directors other than under this Article 14.8. Any director so appointed ceases to hold office immediately before the next election or appointment of directors under Article 14.1(1), but is eligible for re-election or re-appointment.", "size": 66, "samples": [{"hash": "3Afl8LzZUFq", "uri": "/contracts/3Afl8LzZUFq#additional-directors", "label": "Separation and Distribution Agreement (Inpixon)", "score": 32.8069801331, "published": true}, {"hash": "iV7aVX15shf", "uri": "/contracts/iV7aVX15shf#additional-directors", "label": "Business Combination Agreement (Pono Capital Three, Inc.)", "score": 32.6180686951, "published": true}, {"hash": "3o4zbqI7yN2", "uri": "/contracts/3o4zbqI7yN2#additional-directors", "label": "Amalgamation Agreement", "score": 31.9056720734, "published": true}], "hash": "d8916b4c7320fe5fcc87781aa200bafc", "id": 1}, {"snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [3, 14]}, {"key": "definitive-dividends", "type": "definition", "offset": [39, 59]}, {"key": "company-preferred-securities", "type": "definition", "offset": [67, 95]}, {"key": "company-parity-preferred-securities", "type": "definition", "offset": [103, 138]}, {"key": "equal-to", "type": "definition", "offset": [167, 175]}, {"key": "dividend-payments", "type": "definition", "offset": [194, 211]}, {"key": "holders-of", "type": "clause", "offset": [217, 227]}, {"key": "single-class", "type": "clause", "offset": [323, 335]}, {"key": "right-to", "type": "definition", "offset": [361, 369]}, {"key": "a-majority", "type": "clause", "offset": [413, 423]}, {"key": "and-company", "type": "clause", "offset": [456, 467]}, {"key": "written-consent", "type": "definition", "offset": [523, 538]}, {"key": "the-request", "type": "clause", "offset": [626, 637]}, {"key": "paid-in-full", "type": "clause", "offset": [804, 816]}, {"key": "dividend-periods", "type": "definition", "offset": [912, 928]}, {"key": "office-of-the", "type": "clause", "offset": [977, 990]}, {"key": "by-the-holders", "type": "clause", "offset": [1031, 1045]}], "snippet": "If at any time the aggregate of unpaid Definitive Dividends on the Company Preferred Securities or any Company Parity Preferred Securities equals or exceeds an amount equal to three semi-annual dividend payments, the holders of Company Preferred Securities and any Company Parity Preferred Securities, voting together as a single class, will have the exclusive right to elect two additional directors. Holders of a majority of Company Preferred Securities and Company Parity Preferred Securities may exercise this right by written consent or at a meeting of such holders called for such purpose. This meeting may be called at the request of any holder of Company Preferred Securities or Company Parity Preferred Securities. This right will continue either until all unpaid Definitive Dividends have been paid in full or until full dividends have been paid on the Company Preferred Securities for two consecutive dividend periods. While this right continues, any vacancy in the office of the additional directors may be filled only by the holders of Company Preferred Securities and Company Parity Preferred Securities voting as described above.", "size": 10, "samples": [{"hash": "ioTP7YUqVAe", "uri": "/contracts/ioTP7YUqVAe#additional-directors", "label": "Limited Liability Company Agreement (UBS Preferred Funding Trust VIII)", "score": 18.0, "published": true}, {"hash": "iBaeYWaoa4b", "uri": "/contracts/iBaeYWaoa4b#additional-directors", "label": "Limited Liability Company Agreement (UBS Preferred Funding Trust VIII)", "score": 18.0, "published": true}, {"hash": "gIbLSF6lqNk", "uri": "/contracts/gIbLSF6lqNk#additional-directors", "label": "Limited Liability Company Agreement (UBS Preferred Funding Trust VIII)", "score": 18.0, "published": true}], "hash": "20bcaebcbc5d8d13042d9bca4158ffcd", "id": 2}, {"snippet_links": [{"key": "in-no-event", "type": "clause", "offset": [72, 83]}, {"key": "business-day", "type": "definition", "offset": [111, 123]}, {"key": "the-parties-hereto", "type": "clause", "offset": [170, 188]}, {"key": "size-of-the-board", "type": "clause", "offset": [218, 235]}, {"key": "by-the-stockholders", "type": "clause", "offset": [353, 372]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [373, 399]}, {"key": "on-the-board", "type": "definition", "offset": [467, 479]}, {"key": "class-iii-directors", "type": "definition", "offset": [483, 502]}, {"key": "annual-meeting-of-stockholders", "type": "clause", "offset": [545, 575]}, {"key": "class-ii-director", "type": "definition", "offset": [669, 686]}, {"key": "director-of", "type": "clause", "offset": [849, 860]}, {"key": "in-accordance-with", "type": "definition", "offset": [869, 887]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [892, 915]}, {"key": "in-writing", "type": "definition", "offset": [981, 991]}, {"key": "terms-and-conditions-of", "type": "clause", "offset": [1011, 1034]}, {"key": "applicable-to", "type": "definition", "offset": [1054, 1067]}, {"key": "without-limitation", "type": "clause", "offset": [1090, 1108]}, {"key": "code-of-business-conduct", "type": "clause", "offset": [1120, 1144]}, {"key": "corporate-governance-guidelines", "type": "clause", "offset": [1155, 1186]}], "snippet": "The Stockholders and Arbinet agree that as promptly as practicable (but in no event more than the second (2nd) business day) following the execution of this Agreement by the parties hereto, the Board will increase the size of the Board to nine (9) members and (i) appoint \u2587\u2587\u2587\u2587\u2587 \u2587\u2019\u2587\u2587\u2587\u2587\u2587\u2587\u2587 and \u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587 (together with any successor nominees appointed by the Stockholders pursuant to this Agreement, the \u201cClass III Nominees\u201d) to fill the newly created directorships on the Board as Class III directors whose term shall expire at Arbinet\u2019s 2007 annual meeting of stockholders, and (ii) appoint \u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 to fill the newly created directorships on the Board as a Class II director whose term shall expire at Arbinet\u2019s 2009 annual meeting of stockholders. At such time as \u2587\u2587\u2587\u2587\u2587 \u2587\u2019\u2587\u2587\u2587\u2587\u2587\u2587\u2587, \u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587, and \u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 shall each become a director of Arbinet in accordance with the terms of this Agreement, \u2587\u2587\u2587\u2587\u2587 \u2587\u2019\u2587\u2587\u2587\u2587\u2587\u2587\u2587, \u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587, and \u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 shall agree in writing to be bound by the terms and conditions of Arbinet\u2019s policies applicable to directors, including, without limitation, Arbinet\u2019s Code of Business Conduct & Ethics, Corporate Governance Guidelines, and \u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Policy.", "size": 9, "samples": [{"hash": "jpiBELH9Xo4", "uri": "/contracts/jpiBELH9Xo4#additional-directors", "label": "Settlement and Standstill Agreement (Arbinet Thexchange Inc)", "score": 19.0, "published": true}, {"hash": "jJ5C7p6gZ3h", "uri": "/contracts/jJ5C7p6gZ3h#additional-directors", "label": "Settlement and Standstill Agreement (Arbinet Thexchange Inc)", "score": 19.0, "published": true}, {"hash": "aMogWJb6daD", "uri": "/contracts/aMogWJb6daD#additional-directors", "label": "Settlement and Standstill Agreement (Arbinet Thexchange Inc)", "score": 19.0, "published": true}], "hash": "701e97f553c8a16e5e2c83c3e585466f", "id": 3}, {"snippet_links": [{"key": "article-vii", "type": "definition", "offset": [3, 14]}, {"key": "company-securities", "type": "definition", "offset": [15, 33]}, {"key": "subordinated-notes", "type": "definition", "offset": [35, 53]}], "snippet": "23 ARTICLE VII COMPANY SECURITIES; SUBORDINATED NOTES", "size": 7, "samples": [{"hash": "ioTP7YUqVAe", "uri": "/contracts/ioTP7YUqVAe#additional-directors", "label": "Limited Liability Company Agreement (UBS Preferred Funding Trust VIII)", "score": 18.0, "published": true}, {"hash": "iBaeYWaoa4b", "uri": "/contracts/iBaeYWaoa4b#additional-directors", "label": "Limited Liability Company Agreement (UBS Preferred Funding Trust VIII)", "score": 18.0, "published": true}, {"hash": "gIbLSF6lqNk", "uri": "/contracts/gIbLSF6lqNk#additional-directors", "label": "Limited Liability Company Agreement (UBS Preferred Funding Trust VIII)", "score": 18.0, "published": true}], "hash": "aed1aaa73f2584e6f690555e793425e5", "id": 4}, {"snippet_links": [{"key": "number-of-directors", "type": "clause", "offset": [8, 27]}, {"key": "admission-of-additional-members", "type": "clause", "offset": [65, 96]}, {"key": "substituted-members", "type": "clause", "offset": [100, 119]}, {"key": "the-board-of-directors", "type": "clause", "offset": [158, 180]}, {"key": "in-total", "type": "clause", "offset": [253, 261]}, {"key": "require-the", "type": "clause", "offset": [287, 298]}, {"key": "unanimous-vote", "type": "definition", "offset": [299, 313]}, {"key": "the-directors", "type": "clause", "offset": [317, 330]}, {"key": "in-accordance-with", "type": "definition", "offset": [331, 349]}, {"key": "in-connection-with", "type": "clause", "offset": [411, 429]}, {"key": "created-by", "type": "definition", "offset": [507, 517]}], "snippet": "(i) The number of Directors automatically will increase upon the admission of Additional Members or Substituted Members, up to a total of [***] Directors. If the Board of Directors wishes to increase the number of Directors to more than [***] Directors in total, then such increase will require the unanimous vote of the Directors in accordance with Section 7.1(d).\n(ii) If the number of Directors is increased in connection with the admission of Additional Members or Substituted Members, then the vacancy created by such increase in the number of Directors will be filled by [***].", "size": 7, "samples": [{"hash": "5rwQTzrf7pb", "uri": "/contracts/5rwQTzrf7pb#additional-directors", "label": "Limited Liability Company Agreement (Coca-Cola Consolidated, Inc.)", "score": 37.1314168378, "published": true}, {"hash": "hVLeBP9gwQP", "uri": "/contracts/hVLeBP9gwQP#additional-directors", "label": "Limited Liability Company Agreement (Coca-Cola Consolidated, Inc.)", "score": 36.1314168378, "published": true}, {"hash": "gDXuDz7PDz0", "uri": "/contracts/gDXuDz7PDz0#additional-directors", "label": "Limited Liability Company Agreement (Coca-Cola Consolidated, Inc.)", "score": 33.1375770569, "published": true}], "hash": "da7cbd48c69e3465b31f6f0100ddec49", "id": 5}, {"snippet_links": [{"key": "notwithstanding-articles", "type": "clause", "offset": [0, 24]}, {"key": "annual-general-meetings", "type": "definition", "offset": [48, 71]}, {"key": "unanimous-resolutions", "type": "clause", "offset": [75, 96]}, {"key": "the-directors", "type": "clause", "offset": [127, 140]}, {"key": "number-of", "type": "definition", "offset": [195, 204]}, {"key": "this-article", "type": "definition", "offset": [242, 254]}, {"key": "at-any-time", "type": "clause", "offset": [269, 280]}], "snippet": "Notwithstanding Articles 13.1 and 13.2, between annual general meetings or unanimous resolutions contemplated by Article 10.2, the directors may appoint one or more additional directors, but the number of additional directors appointed under this Article 14.8 must not at any time exceed:", "size": 7, "samples": [{"hash": "cFHQNH9U3rV", "uri": "/contracts/cFHQNH9U3rV#additional-directors", "label": "Business Combination Agreement (Plum Acquisition Corp. III)", "score": 35.6420249939, "published": true}, {"hash": "1kspD66lq7o", "uri": "/contracts/1kspD66lq7o#additional-directors", "label": "Business Combination Agreement (Schultze Special Purpose Acquisition Corp.)", "score": 29.8555774689, "published": true}], "hash": "caaaf72342cf98f159cbce3f5608b35a", "id": 6}, {"snippet_links": [{"key": "holders-of", "type": "clause", "offset": [25, 35]}, {"key": "series-of-preferred-stock", "type": "clause", "offset": [40, 65]}, {"key": "designated-sponsor-fund", "type": "definition", "offset": [86, 109]}, {"key": "right-to-designate", "type": "clause", "offset": [118, 136]}, {"key": "this-agreement", "type": "clause", "offset": [169, 183]}, {"key": "consent-of", "type": "clause", "offset": [197, 207]}, {"key": "each-designated", "type": "clause", "offset": [208, 223]}, {"key": "the-company-will", "type": "clause", "offset": [238, 254]}, {"key": "all-necessary-action", "type": "clause", "offset": [260, 280]}, {"key": "to-ensure", "type": "clause", "offset": [281, 290]}, {"key": "number-of-directors", "type": "clause", "offset": [300, 319]}, {"key": "board-shall", "type": "definition", "offset": [335, 346]}, {"key": "the-requirements", "type": "clause", "offset": [451, 467]}, {"key": "applicable-laws", "type": "definition", "offset": [471, 486]}, {"key": "exchange-regulations", "type": "definition", "offset": [497, 517]}], "snippet": "Subject to the rights of holders of any series of Preferred Stock, for so long as any Designated Sponsor Fund has the right to designate at least one (1) director under this Agreement, without the consent of each Designated Sponsor Fund, the Company will take all Necessary Action to ensure that the number of directors serving on the Board shall not exceed eleven (11); provided, that the number of directors may be increased if necessary to satisfy the requirements of applicable laws and stock exchange regulations.", "size": 6, "samples": [{"hash": "2klgXIMmVRQ", "uri": "/contracts/2klgXIMmVRQ#additional-directors", "label": "Stockholders Agreement (Sotera Health Co)", "score": 32.1841201782, "published": true}, {"hash": "bbyniLkynUf", "uri": "/contracts/bbyniLkynUf#additional-directors", "label": "Stockholders Agreement (Sotera Health Co)", "score": 31.8637924194, "published": true}, {"hash": "gVIilyYZN7j", "uri": "/contracts/gVIilyYZN7j#additional-directors", "label": "Stockholder Agreement (Sotera Health Co)", "score": 31.8364143372, "published": true}], "hash": "ecd32e08ab6f81a9ce0a1818cf5eba22", "id": 7}, {"snippet_links": [{"key": "notwithstanding-articles", "type": "clause", "offset": [0, 24]}, {"key": "the-directors", "type": "clause", "offset": [40, 53]}, {"key": "this-article", "type": "definition", "offset": [155, 167]}, {"key": "at-any-time", "type": "clause", "offset": [177, 188]}, {"key": "first-directors", "type": "definition", "offset": [228, 243]}, {"key": "time-of-the", "type": "clause", "offset": [256, 267]}, {"key": "term-of-office", "type": "definition", "offset": [352, 366]}, {"key": "other-case", "type": "clause", "offset": [382, 392]}, {"key": "current-directors", "type": "definition", "offset": [425, 442]}, {"key": "appointment-of-directors", "type": "clause", "offset": [600, 624]}, {"key": "under-article", "type": "definition", "offset": [625, 638]}, {"key": "the-meeting", "type": "clause", "offset": [680, 691]}, {"key": "the-appointment", "type": "clause", "offset": [770, 785]}, {"key": "election-of", "type": "clause", "offset": [789, 800]}, {"key": "an-additional", "type": "clause", "offset": [827, 840]}, {"key": "number-of-directors", "type": "clause", "offset": [855, 874]}], "snippet": "Notwithstanding Articles 13.1 and 13.2, the directors may appoint one or more additional directors, but the number of additional directors appointed under this Article must not at any time exceed:\n(a) one-third of the number of first directors, if, at the time of the appointments, one or more of the first directors have not yet completed their first term of office; or\n(b) in any other case, one-third of the number of the current directors who were elected or appointed as directors other than under this Article. Any director so appointed ceases to hold office immediately before the election or appointment of directors under Article 14.1(a), but is eligible for election at the meeting or appointment by unanimous resolution contemplated under Article 14.1(a). If the appointment or election of such directors is made as an additional director, the number of directors is deemed increased accordingly.", "size": 5, "samples": [{"hash": "f2HzmjIEVQf", "uri": "/contracts/f2HzmjIEVQf#additional-directors", "label": "Class a Preferred Share Purchase Agreement (Mechanical Technology Inc)", "score": 31.1711158752, "published": true}, {"hash": "eeodWMcVO2g", "uri": "/contracts/eeodWMcVO2g#additional-directors", "label": "Business Combination Agreement (Acreage Holdings, Inc.)", "score": 28.0759754181, "published": true}, {"hash": "3GDxruJOIKq", "uri": "/contracts/3GDxruJOIKq#additional-directors", "label": "Business Combination Agreement", "score": 23.3600273132, "published": true}], "hash": "2dcf43e54fb29d96f932cc4c066ec865", "id": 8}, {"snippet_links": [{"key": "the-stockholders", "type": "clause", "offset": [0, 16]}, {"key": "december-10", "type": "definition", "offset": [50, 61]}, {"key": "size-of-the-board", "type": "clause", "offset": [101, 118]}, {"key": "stockholder-designee", "type": "definition", "offset": [168, 188]}, {"key": "of-directors", "type": "clause", "offset": [202, 214]}, {"key": "annual-meeting-of-stockholders", "type": "clause", "offset": [253, 283]}, {"key": "director-of", "type": "clause", "offset": [607, 618]}, {"key": "in-accordance-with", "type": "definition", "offset": [623, 641]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [646, 669]}, {"key": "in-writing", "type": "definition", "offset": [709, 719]}, {"key": "terms-and-conditions-of", "type": "clause", "offset": [739, 762]}, {"key": "applicable-to", "type": "definition", "offset": [778, 791]}, {"key": "without-limitation", "type": "clause", "offset": [814, 832]}, {"key": "code-of-conduct", "type": "definition", "offset": [840, 855]}, {"key": "corporate-governance-guidelines", "type": "clause", "offset": [857, 888]}, {"key": "chief-executive-officer", "type": "definition", "offset": [999, 1022]}, {"key": "in-the-class", "type": "clause", "offset": [1048, 1060]}, {"key": "the-closing", "type": "definition", "offset": [1190, 1201]}, {"key": "the-asset-sale", "type": "definition", "offset": [1205, 1219]}], "snippet": "The Stockholders and NMS agree that, on or before December 10, 2008, the Board will (i) increase the size of the Board to eight (8) members and (ii)(A) appoint one (1) Stockholder Designee to the class of directors whose term shall expire at NMS\u2019s 2009 annual meeting of stockholders (such person is referred to as the \u201c2009 Stockholder Designee\u201d) and (B) appoint one (1) Stockholder Designee to the class of directors whose term shall expire at NMS\u2019s 2010 annual meeting of stockholders (such person is referred to as the \u201c2010 Stockholder Designee\u201d). At such time as a Stockholder Designee shall become a director of NMS in accordance with the terms of this Agreement, such Stockholder Designee shall agree in writing to be bound by the terms and conditions of NMS\u2019s policies applicable to directors, including, without limitation, NMS\u2019s Code of Conduct, Corporate Governance Guidelines and i\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587 policy. The Stockholders and NMS further agree that the Board will appoint J\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587 as Chief Executive Officer of NMS and as a director in the class of directors whose term shall expire at NMS\u2019s 2011 annual meeting of stockholders upon the sooner of (i) January 1, 2009 or (ii) the closing of the Asset Sale.", "size": 4, "samples": [{"hash": "lEwQDpcfLvL", "uri": "/contracts/lEwQDpcfLvL#additional-directors", "label": "Voting and Standstill Agreement (NMS Communications Corp)", "score": 19.0, "published": true}, {"hash": "djzPlt7Vg5q", "uri": "/contracts/djzPlt7Vg5q#additional-directors", "label": "Voting and Standstill Agreement (NMS Communications Corp)", "score": 19.0, "published": true}, {"hash": "aU7kdnr5nOU", "uri": "/contracts/aU7kdnr5nOU#additional-directors", "label": "Voting and Standstill Agreement (NMS Communications Corp)", "score": 19.0, "published": true}], "hash": "5501558e78302016ff26fdb4637af765", "id": 9}, {"snippet_links": [{"key": "the-directors", "type": "clause", "offset": [0, 13]}, {"key": "annual-meetings", "type": "clause", "offset": [37, 52]}, {"key": "to-serve", "type": "definition", "offset": [105, 113]}, {"key": "next-annual-meeting", "type": "definition", "offset": [124, 143]}, {"key": "at-any-time", "type": "clause", "offset": [200, 211]}, {"key": "number-of-directors", "type": "clause", "offset": [233, 252]}, {"key": "expiration-of-the", "type": "clause", "offset": [276, 293]}, {"key": "annual-general-meeting", "type": "clause", "offset": [299, 321]}], "snippet": "The directors of Amalco may, between annual meetings, appoint one or more additional directors of Amalco to serve until the next annual meeting of Amalco but the number of additional directors is not at any time to exceed 1/3 of the number of directors who held office at the expiration of the last annual general meeting of Amalco;", "size": 4, "samples": [{"hash": "i2MFvIUxmNn", "uri": "/contracts/i2MFvIUxmNn#additional-directors", "label": "Amalgamation Agreement (Genterra Inc)", "score": 21.0, "published": true}, {"hash": "brTipzuM0zK", "uri": "/contracts/brTipzuM0zK#additional-directors", "label": "Amalgamation Agreement (Genterra Inc)", "score": 21.0, "published": true}], "hash": "3465e3f6c28953877b4e5a485c06c25d", "id": 10}], "next_curs": "Cl0SV2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjkLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih1hZGRpdGlvbmFsLWRpcmVjdG9ycyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"children": [["company-common-securities", "Company Common Securities"], ["general-provisions-regarding-company-preferred-securities-and-company-parity-preferred-securities", "General Provisions Regarding Company Preferred Securities and Company Parity Preferred Securities"], ["", ""], ["limitation-on-access-to-records", "Limitation on Access to Records"], ["the-company", "The Company"]], "title": "Additional Directors", "size": 193, "parents": [["election-and-removal-of-directors", "Election and Removal of Directors"], ["production-of-evidence-of-authority-to-vote", "Production of Evidence of Authority to Vote"], ["gratuity-pension-or-allowance-on-retirement-of-director", "Gratuity, Pension or Allowance on Retirement of Director"], ["general", "General"], ["directors", "Directors"]], "id": "additional-directors", "related": [["initial-directors", "Initial Directors", "Initial Directors"], ["leave-board-of-directors", "Leave, Board of Directors", "Leave, Board of Directors"], ["parent-board-of-directors", "Parent Board of Directors", "Parent Board of Directors"], ["board-of-directors-meetings", "Board of Directors Meetings", "Board of Directors Meetings"], ["the-board-of-directors", "The Board of Directors", "The Board of Directors"]], "related_snippets": [], "updated": "2026-02-20T05:50:57+00:00", "also_ask": ["What safeguards should be included to prevent abuse in appointing additional directors?", "How can the clause be structured to balance board flexibility with shareholder rights?", "What are the key legal limitations or statutory requirements for appointing additional directors?", "How have courts interpreted the enforceability of additional director appointments in disputes?", "What negotiation leverage does this clause provide to minority or majority stakeholders?"], "drafting_tip": "Specify appointment procedures and qualifications to ensure clarity; set maximum number of additional directors to prevent board dilution; require board approval to maintain governance control.", "explanation": "The 'Additional Directors' clause defines the process by which new directors can be appointed to a company's board outside of the standard election cycle. Typically, this clause allows the existing board or shareholders to appoint one or more individuals as directors, often to fill vacancies or to expand the board's size as needed. By providing a clear mechanism for adding directors, this clause ensures the board can maintain effective governance and adapt to changing needs without waiting for the next general meeting."}, "json": true, "cursor": ""}}