Common use of Size of Board of Directors Clause in Contracts

Size of Board of Directors. The Board of Directors shall consist of up to seven (7) members. Four directors shall be elected by the holders of a majority of the outstanding shares of Preferred Stock (on an as-converted basis), and the outstanding shares of Common Stock, voting as a single class and three directors shall be elected by a majority of the outstanding shares of Common Stock, voting as a single class. Notwithstanding the foregoing, each of the stockholders of the Company shall vote all of its shares in favor of, and take all action necessary to elect, those directors selected in accordance with the provisions of Section 4.2.