Common use of Notification Regarding Directors Clause in Contracts

Notification Regarding Directors. The Investor Stockholders shall notify the Company in writing of each proposed Appointed Director a reasonable time in advance of any action taken for the purpose of electing or appointing such Appointed Director, to fill a vacancy and of the mailing of any proxy statement, information statement or registration statement in which any Board nominee or Board member of the Company would be named (which in the event of any proxy statement relating to an annual meeting of stockholders of the Company shall be no later than 30 days prior to the first anniversary of the mailing of the proxy statement related to the previous year’s annual meeting of stockholders), together with all information concerning such nominee reasonably requested by the Company, so that the Company may determine whether such nominee complies with the above qualifications and so that the Company can comply with applicable disclosure rules; provided that in the absence of such notice, the Investor Stockholders shall be deemed to have designated or nominated the same Investor Directors as set forth in the most recent notice delivered to the Company pursuant to this Section 2.1(f).

Appears in 3 contracts

Samples: Stockholders’ Agreement (Elevation Partners, L.P.), Stockholders’ Agreement (Palm Inc), Preferred Stock Rights Agreement (Elevation Partners, L.P.)

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Notification Regarding Directors. The Investor Stockholders Securityholders shall notify the Company in writing of each proposed Appointed Nominated Director a reasonable time in advance of any action taken for the purpose of electing or appointing such Appointed Nominated Director, to fill a vacancy and of the mailing of any proxy statement, information statement or registration statement in which any Board nominee or Board member of the Company would be named (which in the event of any proxy statement relating to an annual meeting of stockholders of the Company shall be no later than 30 days prior to the first anniversary of the mailing of the proxy statement related to the previous year’s annual meeting of stockholders), together with all information concerning such nominee reasonably requested by the Company, so that the Company may determine whether such nominee complies with the above qualifications and so that the Company can comply with applicable disclosure rules; provided that in the absence of such notice, the Investor Stockholders Securityholders shall be deemed to have designated designated, nominated or nominated appointed the same Investor Directors as set forth in the most recent notice delivered to the Company pursuant to this Section 2.1(f7.1(d).

Appears in 1 contract

Samples: Registration Rights Agreement (Power One Inc)

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Notification Regarding Directors. The Investor Stockholders shall notify the Company in writing of each proposed Appointed Series B Director a reasonable time in advance of any action taken for the purpose of electing or appointing such Appointed Director, a Series B Director to fill a vacancy and of the mailing of any proxy statement, information statement or registration statement in which any Board nominee or Board member of the Company would be named (which in the event of any proxy statement relating to an annual meeting of stockholders of the Company shall be no later than 30 days prior to the first anniversary of the mailing of the proxy statement related to the previous year’s annual meeting of stockholders), together with all information concerning such nominee reasonably requested by the Company, so that the Company may determine whether such nominee complies with the above qualifications and so that the Company can comply with applicable disclosure rules; provided that in the absence of such notice, the Investor Stockholders shall be deemed to have designated or nominated the same Investor Directors as set forth in the most recent notice delivered to the Company pursuant to this Section 2.1(f2.1(e).

Appears in 1 contract

Samples: Stockholders’ Agreement (Palm Inc)

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