Common use of Continuing Board Representation Clause in Contracts

Continuing Board Representation. (a) As long as the Holders, in the aggregate, own Stockholder Shares constituting at least 20% of the outstanding Company Common Stock, the parties hereto shall exercise all authority under applicable law to cause any slate of Directors presented to the stockholders of the Company for election to the Board to consist of such nominees that, if elected, would result in a Board that included two, and only two, individuals designated by the Stockholder, at least one of whom will be an Independent Director.

Continuing Board Representation. (a) As long as the Holders, in the aggregate, own Stockholder Shares constituting at least 2055% of the outstanding Company Common StockInitial Shares, the Stockholder may nominate the Stockholder Director for appointment to the Board and the parties hereto shall exercise all authority under applicable law to cause any slate of Directors presented to the stockholders of the Company for election to the Board to consist of such nominees that, if elected, would result in a Board that included two, and only two, individuals designated by include the Stockholder, at least one of whom will be an Independent Stockholder Director.

Continuing Board Representation. (a) As long as the Holders, in the aggregate, own Stockholder Investor owns Shares constituting at least 2010% of the outstanding Company Common StockStock (the “Minimum Threshold”), the parties hereto shall exercise all authority under applicable law Law to cause any slate of Directors presented by the Company to the stockholders of the Company for election to the Board to consist of such nominees that, if elected, would result in a Board that included twoone, and only twoone, individuals individual designated by the Stockholder, at least one of whom will be an Independent DirectorInvestor.