Common use of Designation and Nomination of Directors Clause in Contracts

Designation and Nomination of Directors. During the two-year period commencing on the date hereof, the Company shall nominate at each annual meeting of stockholders of the Company, the Company Nominees and the Acquiror Nominees to serve on the Company's Board of Directors. Each year during such period, the Company Stockholders and the Acquiror Stockholders shall submit to the Company their director designees for Company Nominees and Acquiror Nominees, respectively, not less than twenty (20) calendar days before the date of the Company's proxy statement released to stockholders in connection with the previous year's annual meeting.