Common use of Board Matters Clause in Contracts

Board Matters. Unless otherwise determined by the vote of a majority of the directors then in office, the Board of Directors shall meet at least quarterly in accordance with an agreed-upon schedule. The Company shall reimburse the directors for all reasonable out-of-pocket travel expenses incurred (consistent with the Company’s travel policy) in connection with attending meetings or any other activities of the Board of Directors that are requested by the Company and involve expenses. As soon as reasonably practicable, the Company shall cause to be established and will thereafter maintain, a compensation committee, which shall include at least two of the Preferred Directors then serving, if any, for the purposes of, among other things, reviewing and determining the compensation of the Company’s executive officers. Each non-employee director shall be entitled in such person’s discretion to be a member of any committee of the Board of Directors.

Board Matters. Unless otherwise determined by the vote of a majority of the directors then in office, the Board of Directors shall meet in person or by video conference or teleconference at least quarterly in accordance with an agreed-upon schedule. The Company shall reimburse the directors for all reasonable and actual out-of-pocket travel expenses incurred (consistent with the Company’s travel policy) in connection with attending meetings or any other activities of the Board of Directors that are requested by the Company and involve expensesDirectors. As soon as reasonably practicable, the The Company shall cause to be established established, as soon as practicable after the request of the Preferred Directors, and will thereafter maintain, a an audit and compensation committee, each of which shall include at least two consist solely of the non-management directors. The Preferred Directors then serving, if any, for the purposes of, among other things, reviewing and determining the compensation of the Company’s executive officers. Each non-employee director shall be entitled in such person’s persons’ discretion to be a member of any committee of the Board of DirectorsDirectors committee established from time to time.

Board Matters. Unless otherwise determined by the vote of a majority of the directors then in office, the Board of Directors shall meet at least quarterly in accordance with an agreed-upon schedule. The Company shall reimburse the directors and the Observers for all reasonable out-of-pocket travel expenses incurred (consistent with the Company’s travel policy) in connection with attending meetings or any other activities of the Board of Directors that are requested by the Company and involve expenseseach committee thereof. As soon as reasonably practicable, the The Company shall cause to be established established, as soon as practicable after such request, and will thereafter maintain, a an audit and compensation committee, which shall include at least two of the Preferred Directors then serving, if any, for the purposes of, among other things, reviewing and determining the compensation of the Company’s executive officers. Each non-employee director Preferred Director shall be entitled in such person’s discretion to be a member of any committee all committees of the Board of Directors.

Board Matters. Unless otherwise determined by the vote of a majority of the directors then in office, the Board of Directors shall meet at least quarterly in accordance with an agreed-upon schedule. The Company shall reimburse the nonemployee directors for all reasonable out-of-pocket travel expenses incurred (consistent with the Company’s travel policy) in connection with attending meetings or any other activities of the Board of Directors that are requested by the Company and involve expenses. As soon as reasonably practicable, the Company shall cause to be established and will thereafter maintain, a compensation committee, which shall include at least two of the Preferred Directors then serving, if any, for the purposes of, among other things, reviewing and determining the compensation of the Company’s executive officers. Each non-employee director shall be entitled in such person’s discretion to be a member of any committee of the Board of Directors. The Company shall have established, or to the extent not already in place, shall cause to be established, as soon as practicable after the date hereof, and will maintain, an audit and compensation committee, each of which shall consist solely of non-management directors. Each Board committee shall include at least one Series C Director, one Series D Director and one Series E Director.

Board Matters. Unless otherwise determined by the vote of a majority of the directors then in office, which majority shall include each of the Preferred Directors, the Board of Directors shall meet at least (4) times per year on a quarterly basis in accordance with an agreed-upon schedule. The Company shall reimburse the directors for all reasonable out-of-pocket travel expenses incurred (consistent with the Company’s travel policy) in connection with attending meetings or any other activities of the Board of Directors that are requested by the Company and involve expensesDirectors. As soon as reasonably practicable, the The Company shall cause to be established established, as soon as practicable after such request, and will thereafter maintain, a an audit and compensation committee, each of which shall include at least two each of the Preferred Directors then serving, if any, for (unless otherwise waived in writing by the purposes of, among other things, reviewing and determining the compensation of the Company’s executive officersPerson(s) entitled to designate such Preferred Director). Each non-employee director shall be entitled in such person’s discretion to be a No member of management shall participate any compensation committee of the Board of Directorsmeeting or discussion that pertains to his or her own compensation.

Board Matters. Unless otherwise determined by the vote of a majority of the directors then in officeoffice (which shall include the Investor Directors), the Board of Directors shall meet at least quarterly monthly unless approved by each Investor Director, in accordance with an agreed-upon schedule. The Company shall reimburse the non-employee directors for all reasonable out-of-pocket travel expenses incurred (consistent with the Company’s travel policy) in connection with attending meetings or any other activities of the Board of Directors that are requested by the Company and involve expensesDirectors. As soon as reasonably practicable, the The Company shall cause to be established established, as soon as practicable after such request, and will thereafter maintain, a an (i) audit and (ii) compensation committee, each of which shall include at least two consist solely of the Preferred Directors then serving, if any, for the purposes of, among other things, reviewing and determining the compensation of the Company’s executive officersnon-management directors. Each non-employee director shall be entitled in such person’s discretion to be a member of any committee of the Board of Directors.

Board Matters. Unless otherwise determined by the vote of a majority of the directors then in office, the Board of Directors shall meet at least quarterly in accordance with an agreed-upon schedule. The Company shall reimburse the nonemployee directors for all reasonable out-of-pocket travel expenses incurred (consistent with the Company’s travel policy) in connection with attending meetings or any other activities of the Board of Directors that are requested by the Company and involve expenses. As soon as reasonably practicable, the Company shall cause to be established and will thereafter maintain, a compensation committee, which shall include at least two of the Preferred Directors then serving, if any, for the purposes of, among other things, reviewing and determining the compensation of the Company’s executive officers. Each non-employee director shall be entitled in such person’s discretion to be a member of any committee of the Board of Directors. The Company shall have established, or to the extent not already in place, shall cause to be established, as soon as practicable after the date hereof, and will maintain, an audit and compensation committee, each of which shall consist solely of non-management directors. Each Board committee shall include at least one Series C Director.

Board Matters. Unless otherwise determined by the vote of a majority of the directors then in office, the Board of Directors shall meet in person or by video conference or teleconference at least quarterly in accordance with an agreed-upon schedule. The Company shall reimburse the directors for all reasonable and actual out-of-pocket travel expenses incurred (consistent with the Company’s travel policy) in connection with attending meetings or any other activities of the Board of Directors that are requested by the Company and involve expensesDirectors. As soon as reasonably practicable, the The Company shall cause to be established established, as soon as practicable after the request of the Preferred Directors, and will thereafter maintain, a an audit and compensation committee, each of which shall include at least two consist solely of the Preferred Directors then serving, if any, for the purposes of, among other things, reviewing and determining the compensation of the Company’s executive officersnon-management directors. Each non-employee director Preferred Director shall be entitled in such person’s persons’ discretion to be a member of any committee of the Board of DirectorsDirectors committee established from time to time.

Board Matters. Unless otherwise determined by the vote of a majority of the directors then in office, the Board of Directors shall meet at least quarterly in accordance with an agreed-upon schedule. The Company shall reimburse the nonemployee directors for all reasonable out-of-pocket travel expenses incurred (consistent with the Company’s travel policy) in connection with attending meetings or any other activities of the Board of Directors that are requested by the Company and involve expensesDirectors. As soon as reasonably practicable, the The Company shall cause to be established established, as soon as practicable after such request, and will thereafter maintain, a an audit and compensation committee, each of which shall include at least two of the one Preferred Directors then serving, if any, for the purposes of, among other things, reviewing and determining the compensation of the Company’s executive officersDirector. Each non-employee director Preferred Director shall be entitled in such person’s discretion to be a member of any Board committee of the Board of Directorsor subcommittee.