Increase in the Board Clause Samples
Increase in the Board. Initially, there shall be three (3) ▇▇▇▇▇▇▇-▇▇▇▇▇▇ Designees and two (2) Growblox Designees on the Board. The number of directors on the Board may be increased by the vote of Members holding not less than 75% of all outstanding Common Units, or by the Board by Super-Majority Approval. Unless otherwise agreed by the ▇▇▇▇▇▇▇-▇▇▇▇▇▇ Designees, the number of directors on the Board shall never be less than five (5), and any increase shall be in increments of three (3) additional members, two additional members of which shall always be designated by ▇▇▇▇▇▇▇-▇▇▇▇▇▇, and one additional member of which shall always be designated by Growblox; provided, that (i) no such increase shall be made unless approved by both ▇▇▇▇▇▇▇-▇▇▇▇▇▇ and Growblox and (ii) unless ▇▇▇▇▇▇▇-▇▇▇▇▇▇ expressly agrees otherwise, the ▇▇▇▇▇▇▇-▇▇▇▇▇▇ Designees shall at all times constitute a majority of the Board.
