Size and Composition of Board. (a) The Board shall consist of no more than nine (9) Directors. Until such date as First Reserve ceases to hold at least 25% of the then outstanding shares of Common Stock, the Company will not decrease or increase the number of Directors without the consent of First Reserve.
Appears in 4 contracts
Samples: Contribution and Assignment Agreement, Stockholders’ Agreement (Midstates Petroleum Company, Inc.), Contribution and Assignment Agreement (Midstates Petroleum Company, Inc.)
