Common use of Director Resignation Clause in Contracts

Director Resignation. Upon the decrease of the Investors’ collective beneficial ownership below 5% of the outstanding shares of Common Stock, the Investors will take all reasonably necessary action to cause the Investor Director to offer to tender their resignation.

Director Resignation. Upon any decrease in the decrease number of directors that an Investor is entitled to designate for nomination to the Investors’ collective beneficial ownership below 5% of the outstanding shares of Common StockBoard, the Investors such Investor will take all reasonably necessary action to cause the Investor Director appropriate number of such Investor’s Directors to offer to tender their resignation.