Common use of Parent Board Clause in Contracts

Parent Board. Prior to, and conditioned upon the occurrence of, the Company Merger Effective Time, Parent shall take all actions necessary in order to, upon the Company Merger Effective Time, add one (1) member of the Company Board as of the date of this Agreement as set forth on Section 7.22 of the Company Disclosure Schedule (“Company Board Designee”) to the Parent Board, to serve, together with the then members of the Parent Board, until the next annual meeting of stockholders of Parent. In connection with such next annual meeting of stockholder of Parent, the Board Governance and Nomination Committee of the Parent Board intends to recommend to the Parent Board the Company Board Designee for election to the Parent Board at such annual meeting of stockholders; provided that at such time the Company Board Designee satisfies the qualifications to serve on the Parent Board.

Parent Board. Prior to, and conditioned upon the occurrence of, the Company Merger Effective Time, Parent shall take all actions necessary in order to, upon the Company Merger Effective Time, add one three (13) member members of the Company Board as of the date of this Agreement as set forth on Section 7.22 7.21 of the Company Disclosure Schedule (“Company Board DesigneeDesignees”) to the Parent Board, to serve, together with the then members of the Parent Board, until the next annual meeting of stockholders of Parent. In connection with such next annual meeting of stockholder stockholders of Parent, the Board Nominating and Governance and Nomination Committee of the Parent Board intends to recommend to the Parent Board the Company Board Designee Designees for election to the Parent Board at such annual meeting of stockholders; provided that at such time the each such Company Board Designee satisfies the qualifications to serve on the Parent Board.