Common use of Board Nominee Clause in Contracts

Board Nominee. At each of the next two annual meetings of stockholders where directors are elected, the Company agrees to place Hunter’s designee on the slate of directors for nomination to the Board at each such meeting. In addition, the Company agrees to cause a proposal to be put in front of the Board of Directors for its consideration at its next regular meeting following Hunter’s selection of a designee to elect such designee to a vacancy presently existing as of the date hereof on the Board of Directors.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Java Detour Inc.), Securities Purchase Agreement (Java Detour Inc.)

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Board Nominee. At each of the next two annual meetings of stockholders where directors are elected, the Company agrees to place Hunter’s designee on the slate of directors for nomination to the Board at each such meeting. In addition, the Company agrees to cause a proposal to be put in front of the Board of Directors for its consideration at its next regular meeting following Hunter’s selection in the month of a designee November 2005 to elect such designee Txxx Xxxxxx to a vacancy presently existing as of the date hereof on the Board of DirectorsBoard.

Appears in 1 contract

Samples: Securities Purchase Agreement Purchase Agreement (Micromed Cardiovascular Inc)

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Board Nominee. At each of the next two annual meetings of stockholders where directors are elected, the Company agrees to place Hunter’s designee on the slate of directors for nomination to the Board at each such meeting. In addition, Txxx Xxxxxx to the Company agrees to cause a proposal to be put in front of the Board of Directors for its consideration at its next regular meeting following Hunter’s selection of a designee to elect such designee to a vacancy presently existing as of the date hereof on the Board of DirectorsBoard.

Appears in 1 contract

Samples: Securities Purchase Agreement Purchase Agreement (Micromed Cardiovascular Inc)

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