Common use of Renomination Rights; Support Services Clause in Contracts

Renomination Rights; Support Services. So long as you continue to beneficially own, directly or indirectly, at least 50% of the aggregate number of shares of Parent Common Stock and Parent Limited Voting Stock owned by you immediately following the Parent Effective Time (subject to appropriate adjustment for any stock split, stock dividend, reclassification, subdivision or reorganization, recapitalization or similar event), we shall include you in the slate of nominees recommended by the Parent Board to Parent stockholders, and included in the related proxy statement, for election to the Parent Board at the 2014 annual meeting of stockholders of Parent, and if you are so elected shall cause you to be reappointed as Chairman of the Parent Board for an additional one-year term expiring at the 2015 annual meeting of stockholders of Parent. In consideration for your services on the Parent Board, you shall be entitled to receive from Parent the cash, equity and other compensation payable to a non-employee director who is a non-executive Chairman of the Board, as set forth in Parent’s policies for compensation of directors approved from time to time by the Parent Board or the Compensation Committee of the Parent Board. Furthermore, so long as you are a member of the Parent Board, we shall provide you with offices at the location of your choice not to exceed 700 square feet for you and a secretary of your choice and shall provide all computers, printers and other office equipment reasonably necessary for you to conduct business from that location. We shall convey ownership to you of all computers, printers and other office equipment that occupy the current offices of both you and your secretary. It is acknowledged that you personally own all of the furniture, paintings and other personal effects that occupy your current office, and neither the Company nor any of its Affiliates have any interest or ownership therein. We shall reimburse you for any reasonable costs related to relocating such computers, printers, other office equipment, furniture, paintings and other personal effects to your new office.

Renomination Rights; Support Services. So long as you continue to beneficially own, directly or indirectly, at least 50% of the aggregate number of shares of Parent Houston Co Common Stock and Parent Houston Co Limited Voting Stock owned by you immediately following the Parent Effective Time effective date of the Merger (subject to appropriate adjustment for any stock split, stock dividend, reclassification, subdivision or reorganization, recapitalization or similar event), we shall cause Houston Co to include you in the slate of nominees recommended by the Parent Houston Co Board to Parent Houston Co stockholders, and included in the related proxy statement, for election to the Parent Houston Co Board at the 2014 2017 annual meeting of stockholders of ParentHouston Co, and if you are so elected shall cause you to be reappointed as Chairman of the Parent Houston Co Board for an additional three (3) one-year term terms expiring at the 2015 2020 annual meeting of stockholders of Parent. Houston Co. In consideration for your services on the Parent Houston Co Board, you shall be entitled to receive from Parent Houston Co the cash, equity and other compensation payable to a non-employee director who is a non-executive Chairman of the Board, as set forth in ParentHouston Co’s policies for compensation of directors approved from time to time by the Parent Houston Co Board or the Compensation Committee of the Parent Houston Co Board. Furthermore, so So long as you are a member of the Parent BoardBoard of Houston Co, we Houston Co shall provide you with offices at the location of your choice not to exceed 700 square feet for you and a secretary of your choice and shall provide all computers, printers and other office equipment reasonably necessary for you to conduct business from that location. We shall convey ownership Notwithstanding the foregoing, in no event xxxx Xxxxxxx Co incur costs, contribute resources, reimburse expenses or otherwise compensate you for the operation of your offices as provided in this Section 2, for the compensation payable to the secretary of your choice, or otherwise, in excess of $120,000 in the aggregate in any twelve month period so long as you of all computers, printers and other office equipment that occupy the current offices of both you and your secretary. It is acknowledged that you personally own all are Chairman of the furnitureBoard. If you cease to be Chairman of the Board, paintings the foregoing limitation on the payment of costs or expenses for the operation of your offices shall terminate and other personal effects be of no further force or effect (so that occupy your current office, and neither the Company nor any of its Affiliates have any interest or ownership therein. We shall Houston Co will reimburse you for the full cost of the office, secretary, and equipment provided pursuant to the prior paragraph of this Section 2, with a pro ration of such amount for any reasonable costs related to relocating such computers, printers, other office equipment, furniture, paintings and other personal effects to partial 12 month period in which your new officeposition as Chairman of the Board terminates).