Right to Nominate Director. For so long as the Investor holds more than 15% of the outstanding shares of Common Stock, the Investor shall have the right, but not the obligation, to designate himself to be nominated to be a member of the Company's Board of Directors. The Company and the Company's Board of Directors shall use its best efforts to take all required steps to effect the nomination of the Investor to the Company's Board of Directors, including, but not limited to, amendment of the Company's Certificate of Incorporation and Bylaws (if such amendments would be required by the terms thereof to effect such nomination).
Right to Nominate Director. For so long as Chemesis holds 10% or more of the total issued and outstanding GSRX Shares:
Right to Nominate Director. Conditional upon the Chemesis Board of Directors being increased by Chemesis such that it is then comprised of at least seven Directors, then, and for so long thereafter as GSRX holds 5% or more of the total issued and outstanding Chemesis Shares:
Right to Nominate Director. Tekgraf shall use its best efforts to cause a nominee of Aginsky (so long as such nominee is not Aginsky) to be elected to the Board; provided, however, that such nominee must have qualifications suitable for a director of Tekgraf and that said nomination will be subject to the approval of the independent directors of the Board at the time of Aginsky's submission of the nominee. If the independent directors approve the presentation of the nominee to the shareholders, each then current member of the Board shall agree to vote for approval of that nominee at the annual meeting. This nominee shall serve for a one-year term and Aginsky shall not have any right to nominate nor re-nominate any candidate following the initial one-year term of his nominee pursuant to this Agreement. Aginsky shall have the aforementioned opportunity to present such a nominee only once and must utilize this opportunity within the three-year period following the date of this Agreement. Should for any reason, the Board fail to nominate Aginsky's nominee, the right of Aginsky pursuant to this ---------------------- **** Omitted pursuant to a request for confidential treatment and filed separately with the Commission. 3
Right to Nominate Director. So long as 50% or more of the original aggregate principal amount of the Subordinated Debentures is outstanding, Seller shall have the right to nominate one person of its choice for election as a director of Purchaser, such nominee to run for election on the management slate of nominees or whatever slate is being endorsed by Xxxxx Xxxxx, and Xxxxx Xxxxx shall undertake to vote all of the Company Shares held by him, his designees and affiliates in favor of the election of such nominee.
Right to Nominate Director
