Common use of Director Resignation Clause in Contracts

Director Resignation. Upon any decrease in the number of directors that an Investor is entitled to designate for nomination to the Board, such Investor will take all reasonably necessary action to cause the appropriate number of such Investor’s Directors to offer to tender their resignation.

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