TERMINATION OF REPRESENTATION. If, at any time during the Term of this Agreement, the Investor Group shall hold Voting Securities representing less than a Minimum Interest, immediately upon such occurrence the Investor Group shall cause all Investor Group Designees serving on the Board to resign from the Board, effective as of the date of such occurrence.
Appears in 5 contracts
Samples: Stockholder Agreement (Hearst Communications Inc), Stockholder Agreement (Ivillage Inc), Securities Purchase Agreement (Ivillage Inc)
