Board of Directors; Number and Composition. (a) The Company shall take all actions reasonably necessary to cause the nomination to the Board of Directors of one (1) individual designated by the General Atlantic Stockholders but only if the General Atlantic Stockholders are not entitled to elect one director of the Company by virtue of their rights as the holders of a majority of the shares of Series D Preferred Stock (the "General Atlantic Director"). (b) In addition, the Company shall cause each committee of the Board of Directors to include at least one General Atlantic Director, whether elected pursuant to this Agreement or by virtue of the rights of the General Atlantic Stockholders as holders of Series D Preferred Stock. (c) In addition, the Company shall cause one additional Independent Director to be appointed to the Board of Directors within six (6) months of the date hereof. The initial appointment of the Independent Director shall be approved by a majority of the Board of Directors. (d) In addition, the Company shall cause, as long as Cenwell Stockholders continues to own at least 750,000 shares of Series D Preferred Stock (subject to adjustment for stock splits, stock dividends in similar transactions) one (1) individual designated by the Cenwell Stockholders to serve as a non-voting observer on the Board of Directors.
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Samples: Stockholders Agreement (Critical Path Inc), Stockholders Agreement (Vectis Cp Holdings LLC)
Board of Directors; Number and Composition. (a) The Company shall take all actions reasonably necessary to cause the nomination to the Board of Directors of one (1) individual designated by the General Atlantic Stockholders but only if the General Atlantic Stockholders are not entitled to elect one director of the Company by virtue of their rights as the holders of a majority of the shares of Series D Preferred Stock (the "General Atlantic Director").. -------------------------
(b) In addition, the Company shall cause each committee of the Board of Directors to include at least one General Atlantic Director, whether elected pursuant to this Agreement or by virtue of the rights of the General Atlantic Stockholders as holders of Series D Preferred Stock.
(c) In addition, the Company shall cause one additional Independent Director to be appointed to the Board of Directors within six (6) months of the date hereof. The initial appointment of the Independent Director shall be approved by a majority of the Board of Directors.
(d) In addition, the Company shall cause, as long as Cenwell Stockholders continues to own at least 750,000 shares of Series D Preferred Stock (subject to adjustment for stock splits, stock dividends in similar transactions) one
(1) individual designated by the Cenwell Stockholders to serve as a non-voting observer on the Board of Directors.
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Board of Directors; Number and Composition. (a) The Company shall take all actions reasonably necessary to cause the nomination to the Board of Directors of one (1) individual designated by the General Atlantic Stockholders but only if the General Atlantic Stockholders are not entitled to elect one director of the Company by virtue of their rights as the holders of a majority of the shares of Series D Preferred Stock (the "General Atlantic DirectorGENERAL ATLANTIC DIRECTOR").
(b) In addition, the Company shall cause each committee of the Board of Directors to include at least one General Atlantic Director, whether elected pursuant to this Agreement or by virtue of the rights of the General Atlantic Stockholders as holders of Series D Preferred Stock.
(c) In addition, the Company shall cause one additional Independent Director to be appointed to the Board of Directors within six (6) months of the date hereof. The initial appointment of the Independent Director shall be approved by a majority of the Board of Directors.
(d) In addition, the Company shall cause, as long as Cenwell Stockholders continues to own at least 750,000 shares of Series D Preferred Stock (subject to adjustment for stock splits, stock dividends in similar transactions) one
(1) individual designated by the Cenwell Stockholders to serve as a non-voting observer on the Board of Directors.
Appears in 1 contract
Samples: Stockholders Agreement (General Atlantic Partners LLC)