Common use of Replacement of Directors Clause in Contracts

Replacement of Directors. If at any time, a vacancy is created on the Board of Directors by reason of the incapacity, death, removal or resignation of a director designated by the Stockholders entitled to designate directors under Section 6.2(b) (each a “Designating Party”), then the Designating Party shall promptly designate a new director and, after written notice to each of the other Stockholders and the Company of such new designee, each Stockholder shall vote all of its or his Shares so as to elect such new designee to the Board of Directors.

Replacement of Directors. If at any time, a vacancy is created on the Board of Directors by reason of the incapacity, death, removal or resignation of a director designated by the Stockholders entitled to designate directors under Section 6.2(b) (each a “"Designating Party”"), then the Designating Party shall promptly designate a new director and, after written notice to each of the other Stockholders and the Company of such new designee, each Stockholder shall vote all of its or his Shares so as to elect such new designee to the Board of Directors.

Replacement of Directors. (i) If at any time, a vacancy is created on the Board of Directors by reason of the incapacity, death, removal or resignation of a director either (x) any of the Parent Directors designated by pursuant to Section 5.3(b) or (y) any of the Stockholders entitled Independent Directors designated pursuant to designate directors under Section 6.2(b) (each a “Designating Party”5.3(d), then the Designating Party Parent Stockholders shall promptly designate a new director and, after written notice qualified individual who shall be elected to each of fill the other vacancy until the next Stockholders and the Company of such new designee, each Stockholder shall vote all of its or his Shares so as to elect such new designee to the Board of DirectorsMeeting.