BOARD EXPANSION FOLLOWING CERTAIN SUBSEQUENT SHARE ISSUANCES. (a) Promptly after the occurrence of a 20% Share Issuance, and upon the request of the Company, Purchaser agrees, and shall cause each member of the Investor Group and each Investor Group Designee to agree, to cooperate with the Company and to take all action reasonably necessary to increase the size of the Board to eleven (11) and to fill the vacancy resulting therefrom with an Independent Director approved by a Consenting Vote.
Appears in 5 contracts
Samples: Securities Purchase Agreement (Ivillage Inc), Stockholder Agreement (Hearst Communications Inc), Securities Purchase Agreement (Ivillage Inc)