Common use of Composition of the Board Clause in Contracts

Composition of the Board. (a) Until the Substantial Ownership Requirement is no longer met, the Holders holding a majority of the shares of Class B Common Stock held by the Holders may, by means of a written resolution or consent in lieu thereof, designate the nominees for a majority of the members of the Board of Directors, including the Chair of the Board of Directors.

Appears in 4 contracts

Samples: Shareholder Agreements (BRP Group, Inc.), Reorganization Agreement (BRP Group, Inc.), Shareholder Agreements (BRP Group, Inc.)

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Composition of the Board. (a) Until the Substantial Ownership Requirement is no longer long met, the Holders holding a majority of the shares of Class B Common Stock held by the Holders may, by means of a written resolution or consent in lieu thereof, designate the nominees for a majority of the members of the Board of Directors, including the Chair Chairman of the Board of Directors.

Appears in 1 contract

Samples: Reorganization Agreement (Goosehead Insurance, Inc.)

Composition of the Board. (a) Until the Substantial Ownership Requirement is no longer met, the Holders holding a majority of the shares of Class B Common Stock held by the Holders may, by means of a written resolution or consent in lieu thereof, designate the nominees for a majority of the members of the Board of Directors, including the Chair Chairman of the Board of Directors.

Appears in 1 contract

Samples: Stockholders Agreement (Goosehead Insurance, Inc.)

Composition of the Board. (a) Until the Substantial Ownership Requirement is no longer met, the Holders holding a majority of the shares of Class B Common Stock held by the Holders may, by means of a written resolution or consent in lieu thereof, designate the nominees for a majority of the members of the Board of Directors, including the Chair of the Board of Directors.

Appears in 1 contract

Samples: Shareholder Agreement (Goosehead Insurance, Inc.)

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Composition of the Board. (a) Until the Substantial Majority Ownership Requirement is no longer met, the Holders holding a majority of the shares of Class B Common Stock held by the Holders may, by means of a written resolution or consent in lieu thereof, designate the nominees for a majority of the members of the Board of Directors, including the Chair of the Board of Directors.

Appears in 1 contract

Samples: Stockholders Agreement (Weber Inc.)

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