Common use of Change in the Board Clause in Contracts

Change in the Board. Individuals who, as of the date hereof, constitute the Board, and any new director whose appointment by the Board or nomination for appointment by the Company’s shareholders was approved by a vote of at least two thirds of the directors then still in office who were directors on the date hereof or whose appointment or nomination for appointment was previously so approved (collectively, the “Continuing Directors”), cease for any reason to constitute at least a majority of the members of the Board;

Appears in 68 contracts

Samples: Indemnification Agreement (Andretti Acquisition Corp.), Indemnity Agreement (Andretti Acquisition Corp.), Indemnification Agreement (Andretti Acquisition Corp.)

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Change in the Board. Individuals who, as of the date hereof, constitute the Board, and any new director whose appointment election by the Board or nomination for appointment election by the Company’s shareholders stockholders was approved by a vote of at least two thirds of the directors then still in office who were directors on the date hereof or whose appointment or election for nomination for appointment election was previously so approved (collectively, the “Continuing Directors”), cease for any reason to constitute at least a majority of the members of the Board;

Appears in 2 contracts

Samples: Indemnification Agreement (Welsbach Technology Metals Acquisition Corp.), Indemnity Agreement (Zanite Acquisition Corp.)

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Change in the Board. Individuals who, as of the date hereofof this Agreement, constitute the Board, and any new director whose appointment or election by the Board or nomination for appointment election by the Company’s shareholders stockholders was approved or recommended by a vote of at least two thirds a majority of the directors then still in office who were directors on the date hereof of this Agreement or whose appointment appointment, election or nomination for appointment election was previously so approved or recommended by the directors referred to in this clause (b) (collectively, the “Continuing Directors”), cease for any reason to constitute at least a majority of the members of the Board;

Appears in 1 contract

Samples: Indemnification Agreement (Reservoir Media, Inc.)

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