Newly Created Directorships and Vacancies. Subject to the rights granted to the holders of any one or more series of Preferred Stock then outstanding in respect of any Preferred Stock Directors and without limiting the rights of any party to the Investor Rights Agreement, any newly-created directorship on the Board that results from an increase in the number of directors and any vacancy occurring in the Board (whether by death, resignation, retirement, disqualification, removal or other cause) shall be filled by the affirmative vote of a majority of the directors then in office, although less than a quorum, or by a sole remaining director (and not by the stockholders). Any director (other than a Preferred Stock Director) elected to fill a vacancy or newly created directorship shall hold office until the next election of the class for which such director shall have been chosen and until his or her successor shall be elected and qualified, or until his or her earlier death, resignation, retirement, disqualification or removal.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (Mudrick Capital Acquisition Corp. II), Business Combination Agreement (Altimar Acquisition Corp.), Merger Agreement (Mudrick Capital Acquisition Corp. II)
Newly Created Directorships and Vacancies. Subject to the rights granted to the holders of any one or more series of Preferred Stock then outstanding in respect of any Preferred Stock Directors and without limiting the rights of any party granted pursuant to the Investor Rights Agreement, any newly-created directorship on the Board that results from an increase in the number of directors and any vacancy occurring in the Board (whether by death, resignation, retirement, disqualification, removal or other cause) shall be filled by the affirmative vote of a majority of the directors then in office, although less than a quorum, or by a sole remaining director (and not by the stockholders). Any director (other than a Preferred Stock Director) elected to fill a vacancy or newly created directorship shall hold office until the next election of the class for which such director shall have been chosen and until his or her successor shall be elected and qualified, or until his or her earlier death, resignation, retirement, disqualification or removal.
Appears in 2 contracts
Samples: Business Combination Agreement (dMY Technology Group, Inc.), Business Combination Agreement (dMY Technology Group, Inc.)
Newly Created Directorships and Vacancies. Subject to the rights granted to the holders of any one or more series of Preferred Stock then outstanding in respect of any Preferred Stock Directors and without limiting the rights or obligations of any party granted pursuant to the Investor Rights Agreement, any newly-created directorship on the Board that results from an increase in the number of directors and any vacancy occurring in the Board (whether by death, resignation, retirement, disqualification, removal or other cause) shall be filled (a) by the affirmative vote of a majority of the directors then in office, although even if less than a quorum, or by a sole remaining director (and not by the stockholders)) or (b) upon the affirmative vote of the holders of a majority of the voting power of all the then outstanding shares of stock of the Corporation entitled to vote generally in the election of directors, voting together as a single class. Any director (other than a Preferred Stock Director) elected to fill a vacancy or newly created directorship shall hold office until the next election of the class for which such director shall have been chosen and until his or her successor shall be elected and qualified, or until his or her earlier death, resignation, retirement, disqualification or removal.
Appears in 1 contract
Samples: Business Combination Agreement (Clean Earth Acquisitions Corp.)
Newly Created Directorships and Vacancies. Subject to the rights granted to the holders of any one or more series of Preferred Stock then outstanding in respect of any Preferred Stock Directors and without limiting the rights of any party to the Investor Rights Agreement, any newly-created directorship on the Board that results from an increase in the number of directors and any vacancy occurring in the Board (whether by death, resignation, retirement, disqualification, removal or other cause) shall be filled solely by the affirmative vote of a majority of the directors then in office, although less than a quorum, or by a sole remaining director (and not by the stockholders). Any director (other than a Preferred Stock Director) elected to fill a vacancy or newly created directorship shall hold office until the next election of the class for which such director shall have been chosen and until his or her successor shall be elected and qualified, or until his or her earlier death, resignation, retirement, disqualification or removal.
Appears in 1 contract
Samples: Business Combination Agreement (Dragoneer Growth Opportunities Corp. II)
Newly Created Directorships and Vacancies. Subject to the rights granted to the holders of any one or more series of Preferred Stock then outstanding in respect of any Preferred Stock Directors and without limiting the rights of any party to the Investor Rights AgreementDirectors, any newly-created directorship on the Board that results from an increase in the number of directors and any vacancy occurring in the Board (whether by death, resignation, retirement, disqualification, removal or other cause) shall be filled by the affirmative vote of a majority of the directors then in office, although less than a quorum, or by a sole remaining director (and not by the stockholders). Any director (other than a Preferred Stock Director) elected to fill a vacancy or newly created directorship shall hold office until the next election of the class for which such director shall have been chosen and until his or her successor shall be elected and qualified, or until his or her earlier death, resignation, retirement, disqualification or removal.
Appears in 1 contract
Samples: Business Combination Agreement (CF Acquisition Corp. VI)
Newly Created Directorships and Vacancies. Subject to the rights granted to rights, if any, of the holders of any one or more outstanding series of Preferred Stock then outstanding in respect of any to elect Preferred Stock Directors and without limiting the rights of any party to the Investor Rights AgreementDirectors, any newly-created directorship on the Board that results from an increase in the total number of directors and any vacancy occurring in the Board (whether by death, resignation, retirement, disqualification, removal disqualification or other causeremoval) shall be filled solely and exclusively by the affirmative vote of a majority of the directors then in officeoffice (other than any Preferred Director), although less than a quorum, or by a sole remaining director (other than any Preferred Director), and not by stockholders of the stockholders)Corporation. Any director (other than a Preferred Stock Director) elected to fill a vacancy or newly created directorship shall hold office until the next election of the class for which such director shall have been chosen and until his or her successor shall be elected and qualified, or until subject to his or her earlier death, resignation, retirement, disqualification or removal.
Appears in 1 contract
Samples: Merger Agreement (Breeze Holdings Acquisition Corp.)
Newly Created Directorships and Vacancies. Subject to applicable law and the rights granted to rights, if any, of the holders of any class of capital stock of the Corporation then outstanding to elect one or more directors by or pursuant to the provisions of this Certificate of Incorporation (such directors, the “Class Directors” and each, a “Class Director”) or the holders of any series of Preferred Stock then outstanding in respect of any to elect one or more Preferred Stock Directors and without limiting the rights of any party to the Investor Rights AgreementDirectors, any newly-newly created directorship on the Board that results directorships resulting from an increase in the authorized number of directors and or any vacancy occurring in vacancies on the Board (whether by of Directors resulting from death, resignation, retirement, disqualification, removal or other cause) cause shall be filled solely and exclusively by the affirmative vote of a majority of the directors then in office, although less than a quorum, or by a the sole remaining director (and not by the stockholders)director. Any director (other than a Preferred Stock Director) so elected to fill a vacancy or newly created directorship shall hold office until the next election expiration of the class for which such term of office of the director shall have been chosen whom he or she has replaced and until his or her successor shall be elected and qualified, or until his or her subject to such director’s earlier death, resignation, retirement, disqualification or removal. No decrease in the number of directors shall shorten the term of any incumbent director.
Appears in 1 contract
Samples: Business Combination Agreement (Aurora Technology Acquisition Corp.)