Common use of BOARD COMPOSITION AND VOTING AGREEMENTS Clause in Contracts

BOARD COMPOSITION AND VOTING AGREEMENTS. Section 2.1. Board Composition from the Initial Closing Date through the Second Closing Date. From the Initial Closing Date through and including the Second Closing Date, the Restricted Stockholders shall use their reasonable best efforts to have the Board of Directors of the Company consist of seven (7) persons as follows: (a) Xxxxx Xxxxxx, and two (2) additional directors nominated by the PCP Entities (nominating as a single group) (Mr. Penske and any additional directors nominated by the PCP Entities are collectively referred to as the "PCP Directors"). (b) One (1) director nominated by Trace. (c) The chief operating officer of the Company as of the date immediately prior to the Initial Closing Date, or in his absence, another person designated by the Independent Directors. (d) Two (2)

BOARD COMPOSITION AND VOTING AGREEMENTS. Section SECTION 2.1. Board Composition from the Initial Closing Date through the Second Closing DateBOARD COMPOSITION FROM THE INITIAL CLOSING DATE THROUGH THE SECOND CLOSING DATE. From the Initial Closing Date through and including the Second Closing Date, the Restricted Stockholders shall use their reasonable best efforts to have the Board of Directors of the Company consist of seven (7) persons as follows: (a) Xxxxx Xxxxxx, and two (2) additional directors nominated by the PCP Entities (nominating as a single group) (Mr. Penske and any additional directors nominated by the PCP Entities are collectively referred to as the "PCP Directors"). (b) One (1) director nominated by Trace. (c) The chief operating officer of the Company as of the date immediately prior to the Initial Closing Date, or in his absence, another person designated by the Independent Directors. (d) Two (2)) Independent Directors.