Termination of Rights of Nomination. (i) Upon such time as Holding LLC and its Affiliates cease to beneficially own, collectively, at least 20% of the number of shares of Common Stock they collectively beneficially own immediately following the Closing, Holding LLC shall cease to have the right to designate any nominee for election to the Board pursuant to Section 2.1(b).
Appears in 5 contracts
Samples: Stockholders’ Agreement (BCHI Holdings, LLC), Stockholders’ Agreement (Fusion Connect, Inc.), Stockholders’ Agreement (Rosen Marvin S)
