Resignation of Shareholder Nominees. Unless otherwise agreed by the Company, the Shareholder shall cause each of the Shareholder Nominees then serving on the Board to offer their resignations from the Board immediately upon the earlier to occur of the following: (a) The termination of this Agreement pursuant to and in accordance with Section 5.2 hereof; and (b) The Shareholder Group's Total Ownership Percentage falling below 10.0%.
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Samples: Shareholder Agreement (Oneok Inc), Shareholder Agreement (Westar Industries Inc), Shareholder Agreement (Westar Capital Inc)
Resignation of Shareholder Nominees. Unless otherwise agreed by the Company, the Shareholder shall cause each of the Shareholder Nominees then serving on the Board to offer their resignations from the Board immediately upon the earlier to occur of the following:
(a) The termination of this Agreement pursuant to and in accordance with Section 5.2 hereof; and
(b) The Shareholder Group's Total Ownership Percentage falling below 10.0%.
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