Changes in Board Designees Sample Clauses

Changes in Board Designees. From time to time during the term of this Agreement, a Designator or Designators may, in their sole discretion:
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Changes in Board Designees. From time to time during the term of this Agreement, the shareholders or persons entitled to designate a director pursuant to Section 2.2 (each a “Designator” and collectively, the “Designators”) may, in their sole discretion, as applicable:
Changes in Board Designees. (a) From time to time during the term of this Agreement, a Designator or Designators may, in their sole discretion: (1) elect to remove (with or without cause) from the Board any incumbent Board Designee who occupies a Board seat for which such Designator or Designators are entitled to designate the Board Designee under Section 4.1; and (2) designate a new Board Designee for election to a Board seat for which such Designator or Designators are entitled to designate the Board Designee under Section 4.1 and Networks3’s organizational documents (whether to replace a prior Board Designee or to fill a vacancy in such Board seat);
Changes in Board Designees. From time to time during the term of this Agreement, a Designator may in its sole discretion:
Changes in Board Designees. Until the Termination Date, in the event that Vertex wishes, in its sole discretion, (a) to remove the Vertex Common Board Designee from the Company's Board of Directors; and/or (b) to designate a new Vertex Common Board Designee (whether to replace a prior Vertex Common Board Designee or to fill a vacancy in such Board seat), provided that such removal and/or designation of the Vertex Common Board Designee is approved in a writing signed by Vertex, each Stockholder shall vote its outstanding Stockholder Shares, and each Investor shall vote its outstanding Investor Shares, as may be necessary to cause: (a) the removal from the Company's Board of Directors of the Vertex Common Board Designee and (b) the election to the Company's Board Directors of any new Vertex Common Board Designee so designated by Vertex.
Changes in Board Designees. Until the Termination Date, in the event that any party entitled to designate a Series A Director wishes, in its sole discretion, (a) to remove such party's designee from the Company's Board of Directors; and/or (b) to designate a new Series A Director (whether to replace an existing Series A Director or to fill a vacancy in such Board seat due to death of, resignation or any other termination by the departing Series A Director), then such party shall have the sole right to appoint a successor Series A Director to replace the departing Series A Director and such successor Series A Director shall serve the remaining portion of the departing Series A Director's unexpired term; provided, however, that such party shall provide the Company with prior written notice of such party's intent to remove an existing Series A Director and/or designate a new Series A Director. Thereafter, the provisions set forth in Section 2.1 above shall govern the appointment of the Series A Directors, subject to the application of this Section 2.2.
Changes in Board Designees. From time to time during the term of this Agreement, the Designators may, in their sole discretion, designate a new Board Designee for election to a Board seat for which such Designators are entitled to designate the Board Designee under Section 5.1(a) hereof (whether to replace a prior Board Designee or to fill a vacancy in such Board seat); provided such designation of a Board Designee is approved in a writing signed by Designators who are entitled to designate such Board Designee under Section 5.1(a), in which case such election of a new Board Designee will be binding on all Investors and Principal Common Shareholders. In the event of such a designation of a Board Designee under this Section 5.1(c), the Investors and the Principal Common Shareholders will vote their shares of the Company's capital stock as provided in Section 5.1(a) to cause the election to the Company's Board Directors of any new Board Designee or Designees so designated for election to the Company's Board of Directors by the Designators.
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Related to Changes in Board Designees

  • Change in Board of Directors Individuals who, as of the date hereof, constitute the Board, and any new director whose election by the Board or nomination for election by the Company’s 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 election for nomination for 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;

  • No Liability for Election of Recommended Directors No Stockholder, nor any Affiliate of any Stockholder, shall have any liability as a result of designating a person for election as a director for any act or omission by such designated person in his or her capacity as a director of the Company, nor shall any Stockholder have any liability as a result of voting for any such designee in accordance with the provisions of this Agreement.

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