ONE DESIGNEE Sample Clauses
The ONE DESIGNEE clause establishes that only a single individual or entity may be designated to perform a specific role or receive certain rights under the agreement. In practice, this means that the party making the designation must clearly identify one designee, and cannot split responsibilities or benefits among multiple parties. This clause ensures clarity and avoids confusion or disputes over who is authorized or entitled to act, thereby streamlining communication and responsibility within the contractual relationship.
ONE DESIGNEE. For so long as Seagate owns at least 5% and not more than 15% of the outstanding Common Stock of Newco, Newco and its Board of Directors shall nominate, in connection with each stockholder solicitation relating to the election of Newco directors, one candidate designated by Seagate who is reasonably acceptable to Newco.
ONE DESIGNEE. For so long as Warburg continues to own equal to or less than 15% and more than 5% of the outstanding Common Stock of the Company, the Company shall nominate, in connection with each stockholder solicitation relating to the election of directors, one candidate designated by Warburg.
ONE DESIGNEE. For so long as Warburg continues to own equal to or less than 15% and more than 7% of the outstanding Common Stock of the Company on a fully diluted basis, the
ONE DESIGNEE. In so long as ▇▇▇▇▇▇ continues to own equal to or less than 15% and more than 7% of the outstanding Common Stock of the Company on a fully diluted basis, the Company shall nominate, in connection with each stockholder solicitation relating to the election of directors, one candidate designated by ▇▇▇▇▇▇, which may be ▇▇▇▇▇▇.
ONE DESIGNEE. For so long as Comvita owns more than 10% of the outstanding common stock of the Company, the Company shall nominate, in connection with each shareholder solicitation relating to the election of directors of the Company, one candidate designated by Comvita. The candidate shall be the Chief Executive Officer of Comvita, the Chairman of the Board of Comvita, or such other person as is reasonably acceptable to the Company (the “Comvita Designee”).