Common use of Obligations as Director and/or Officer Clause in Contracts

Obligations as Director and/or Officer. If at any time prior to the Expiration Date, Stockholder (or any affiliate of Stockholder) is a member of the board of directors of Company (“Director”) or an officer of Company (“Officer”) of Company, nothing in this Agreement shall be deemed to limit or restrict the Stockholder’s ability to act or vote in his capacity as a Director or Officer in any manner he so chooses, it being agreed and understood that this Agreement shall apply to the Stockholder solely in his capacity as a stockholder of Company and shall not apply to his actions, judgments or decisions as a Director or Officer of Company.

Appears in 2 contracts

Samples: Stockholder Voting Agreement (Nptest Holding Corp), Stockholder Voting Agreement (Credence Systems Corp)

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Obligations as Director and/or Officer. If at any time prior to the Expiration Date, Stockholder (or any affiliate of Stockholder) is a member of the board Board of directors Directors of Company (“Director”) or an officer of Company (“Officer”) of Company, nothing in this Agreement shall be deemed to limit or restrict the Stockholder’s ability to act Director or vote Officer in acting in his capacity as a Director or Officer in any manner he so choosesOfficer, as the case may be, of Company and exercising his fiduciary duties and responsibilities, it being agreed and understood that this Agreement shall apply to the Stockholder solely in his capacity as a stockholder of Company and shall not apply to his actions, judgments or decisions as a Director or Officer of Company.

Appears in 2 contracts

Samples: Stockholder Voting Agreement (Plumtree Software Inc), Stockholder Voting Agreement (Bea Systems Inc)

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Obligations as Director and/or Officer. If at any time -------------------------------------- prior to the Expiration Date, Stockholder (or any affiliate of Stockholder) is a member of the board Board of directors Directors of Company ("Director") or an officer of Company ("Officer") of Company, nothing ------- ------- in this Agreement shall be deemed to limit or restrict the Stockholder’s ability to act Director or vote Officer in acting in his capacity as a Director or Officer in any manner he so choosesOfficer, as the case may be, of Company and exercising his fiduciary duties and responsibilities, it being agreed and understood that this Agreement shall apply to the Stockholder solely in his capacity as a stockholder of Company and shall not apply to his actions, judgments judgements or decisions as a Director or Officer of Company.

Appears in 1 contract

Samples: Stockholder Voting Agreement (Gasonics International Corp)

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