Common use of Notice; Cumulative Voting Clause in Contracts

Notice; Cumulative Voting. The Company shall promptly give each of the Holders written notice of any change in composition of the Board and of any proposal by the Investor to remove or elect a new Investor Designee. In any election of directors pursuant to this Section 2, the Holders shall vote their shares in a manner sufficient to elect to the board the individuals to be elected thereto as provided in this Section 2, utilizing cumulative voting, if and to the extent necessary to do so.

Appears in 1 contract

Samples: Voting Agreement (Vobis Microcomputer Ag)

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Notice; Cumulative Voting. The Company shall promptly give each ------------------------- of the Holders written notice of any change in composition of the Company's Board of Directors and of any proposal by the Investor a Designator or Designators to remove or elect a new Investor Board Designee. In any election of directors pursuant to this Section 21, the Holders shall vote their shares in a manner sufficient to elect to the board Company's Board of Directors the individuals to be elected thereto as provided in this Section 21.1, utilizing cumulative voting, if and to the extent necessary to do so.

Appears in 1 contract

Samples: Series D Preferred Stock Purchase Agreement (Alladvantage Com Inc)

Notice; Cumulative Voting. The Company shall promptly give each ------------------------- of the Holders written notice of any change in composition of the Company's Board of Directors and of any proposal by the Investor a Designator or Designators to remove or elect a new Investor Board Designee. In any election of directors pursuant to this Section 2, the Holders shall vote their shares in a manner sufficient to elect to the board Company's Board of Directors the individuals to be elected thereto as provided in this Section 2, utilizing cumulative voting, if and to the extent necessary to do so.

Appears in 1 contract

Samples: Series B Preferred Stock Exchange Agreement (Asymetrix Learning Systems Inc)

Notice; Cumulative Voting. The Company shall promptly give each ------------------------- of the Holders Shareholders written notice of any change in composition of the Company's Board of Directors and of any proposal by the Investor to remove or elect a new Investor Designee. In any election of directors pursuant to this Section 21, the Holders Shareholders shall vote their shares in a manner sufficient to elect to the board Company's Board of Directors the individuals to be elected thereto as provided in this Section 2, utilizing cumulative voting, if and to the extent necessary to do soInvestor Designee.

Appears in 1 contract

Samples: Voting Agreement (Netpliance Inc)

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Notice; Cumulative Voting. The Company shall promptly give each of the Holders ------------------------- Investors written notice of any change in composition of the Company's Board of Directors and of any proposal by the Investor a Designator or Designators to remove or elect a new Investor Board Designee. In any election of directors pursuant to this Section 2Agreement, the Holders Investors shall vote their shares in a manner sufficient to elect to the board Company's Board of Directors the individuals to be elected thereto as provided in this Section 2Agreement, utilizing cumulative voting, if and to the extent necessary to do so.

Appears in 1 contract

Samples: Voting Agreement (Salon Internet Inc)

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