Common use of Size of the Board Clause in Contracts

Size of the Board. Each Stockholder agrees to vote, or cause to be voted, all Shares (as defined below) owned by such Stockholder, or over which such Stockholder has voting control, from time to time and at all times, in whatever manner as shall be necessary to ensure that the size of the Board shall be set and remain at six (6) directors and may be increased only with the written consent of Stockholders representing at least 75% of the shares of Common Stock issuable upon conversion of the then outstanding shares of Preferred Stock. For purposes of this Agreement, the term “Shares” shall mean and include any securities of the Company the holders of which are entitled to vote for members of the Board, including without limitation, all shares of Common Stock, Series A Preferred Stock, and Series Seed Preferred Stock, by whatever name called, now owned or subsequently acquired by a Stockholder, however acquired, whether through stock splits, stock dividends, reclassifications, recapitalizations, similar events or otherwise.

Appears in 3 contracts

Samples: Voting Agreement (Groundfloor Finance Inc.), Adoption Agreement (Groundfloor Finance Inc.), Adoption Agreement (Groundfloor Finance Inc.)

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Size of the Board. Each Stockholder agrees to vote, or cause to be voted, all Shares (as defined below) owned by such Stockholder, or over which such Stockholder has voting control, from time to time and at all times, in whatever manner as shall be necessary to ensure that the size of the Board shall be set and remain at six four (64) directors and may be increased only with the written consent of Stockholders Investors holding Series A Preferred Stock representing at least 75% a majority of the shares of Common Stock issuable upon conversion of the then outstanding shares of Series A Preferred Stock. For purposes of this Agreement, the term “Shares” shall mean and include any securities of the Company the holders of which are entitled to vote for members of the Board, including without limitation, all shares of Common Stock, Series A Preferred Stock, and Series Seed Preferred Stock, by whatever name called, now owned or subsequently acquired by a Stockholder, however acquired, whether through stock splits, stock dividends, reclassifications, recapitalizations, similar events or otherwise.

Appears in 2 contracts

Samples: Voting Agreement (Lantern Pharma Inc.), Voting Agreement (Lantern Pharma Inc.)

Size of the Board. Each Stockholder agrees to vote, or cause to be voted, all Shares (as defined below) owned by such Stockholder, or over which such Stockholder has voting control, from time to time and at all times, in whatever manner as shall be necessary to ensure that the size of the Board shall be set and remain at six five (65) directors and may be increased only with the written consent of Stockholders representing at least 75% of the shares of Lead Investor (voting as a single separate class and on an as-converted to Common Stock issuable upon conversion of the then outstanding shares of Preferred Stockbasis). For purposes of this Agreement, the term “Shares” shall mean and include any securities of the Company that the holders of which are entitled to vote for members of the Board, including without limitation, all shares of Common Stock, Series A Preferred Stock, Stock and Series Seed Preferred the Convertible Debentures on an as-converted basis in Common Stock, by whatever name called, now owned or subsequently acquired by a Stockholder, however acquired, whether through stock splits, stock dividends, reclassifications, recapitalizations, similar events or otherwise.

Appears in 2 contracts

Samples: Voting Agreement (Athena Bitcoin Global), Voting Agreement (Athena Bitcoin Global)

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Size of the Board. Each Stockholder agrees to vote, or cause to be voted, all Shares (as defined below) owned by such Stockholder, or over which such Stockholder has voting control, from time to time and at all times, in whatever manner as shall be necessary to ensure that the size of the Board shall be initially set and remain at six three (63) directors and may be directors, unless otherwise increased only or decreased by a vote of the Board in accordance with the written consent Company Bylaws and the Restated and Amended Articles of Stockholders representing at least 75% of the shares of Common Stock issuable upon conversion of the then outstanding shares of Preferred StockIncorporation. For purposes of this Agreement, the term “Shares” shall mean and include any securities of the Company the holders of which are entitled to vote for members of the Board, including without limitation, all shares of Common Stock, Series A Preferred Stock, and Series Seed Preferred Stockcapital stock of the Company (whether common or preferred or whether vested or unvested), by whatever name called, now owned or subsequently acquired by a Stockholder, however acquired, whether through stock splits, stock dividends, reclassifications, recapitalizations, similar events or otherwise.

Appears in 1 contract

Samples: Adoption Agreement

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