Turnover of Board. The following individuals no longer constitute a majority of the members of the Board of Directors of Company: (1) the individuals who, as of the Effective Date, constitute the Board of Directors of Company (the "Current Directors"); (2) the individuals who thereafter are elected to the Board of Directors of Company and whose election, or nomination for election, to the Board of Directors of Company was approved by a vote of at least two-thirds (2/3) of the Current Directors then still in office (such directors becoming "Additional Directors" immediately following their election); and (3) the individuals who are elected to the Board of Directors of Company and whose election, or nomination for election, to the Board of Directors of Company was approved by a vote of at least two-thirds (2/3) of the Current Directors and Additional Directors then still in office (such directors also becoming Additional Directors immediately following their election);
Appears in 3 contracts
Samples: Executive Employment Agreement (Command Center, Inc.), Executive Employment Agreement (Command Center, Inc.), Executive Employment Agreement (Command Center, Inc.)
Turnover of Board. The following individuals no longer constitute a majority of the members of the Board of Directors of CompanyEmployer: (1) the individuals who, as of the Effective Datedate of this Agreement, constitute the Board of Directors of Company Employer (the "Current Directors"); (2) the individuals who thereafter are elected to the Board of Directors of Company Employer and whose election, or nomination for election, to the Board of Directors of Company Employer was approved by a vote of at least two-thirds (2/3) a majority of the Current Directors then still in office (such directors becoming "Additional Directors" immediately following their election); and (3) the individuals who are elected to the Board of Directors of Company Employer and whose election, or nomination for election, to the Board of Directors of Company Employer was approved by a vote of at least two-thirds (2/3) a majority of the Current Directors and Additional Directors then still in office (such directors also becoming "Additional Directors Directors" immediately following their election);
Appears in 2 contracts
Samples: Employment Agreement (Vodavi Technology Inc), Employment Agreement (Vodavi Technology Inc)
Turnover of Board. The following individuals no longer constitute a majority of the members of the Board of Directors of CompanyEmployer: (1) the individuals who, as of the Effective Datedate of this Agreement, constitute the Board of Directors of Company Employer (the "“Current Directors"”); (2) the individuals who thereafter are elected to the Board of Directors of Company Employer and whose election, or nomination for election, to the Board of Directors of Company Employer was approved by a vote of at least two-thirds (2/3) a majority of the Current Directors then still in office (such directors becoming "“Additional Directors" ” immediately following their election); and (3) the individuals who are elected to the Board of Directors of Company Employer and whose election, or nomination for election, to the Board of Directors of Company Employer was approved by a vote of at least two-thirds (2/3) a majority of the Current Directors and Additional Directors then still in office (such directors also becoming “Additional Directors Directors” immediately following their election);
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Turnover of Board. The following individuals no longer constitute a majority of the members of the Board of Directors of Company: (1) the individuals who, as of the Effective Date, constitute the Board of Directors of Company (the "“Current Directors"”); (2) the individuals who thereafter are elected to the Board of Directors of Company and whose election, or nomination for election, to the Board of Directors of Company was approved by a vote of at least two-thirds (2/3) of the Current Directors then still in office (such directors becoming "“Additional Directors" ” immediately following their election); and (3) the individuals who are elected to the Board of Directors of Company and whose election, or nomination for election, to the Board of Directors of Company was approved by a vote of at least two-thirds (2/3) of the Current Directors and Additional Directors then still in office (such directors also becoming Additional Directors immediately following their election);
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Samples: Executive Employment Agreement (Command Center, Inc.)
Turnover of Board. The following individuals no longer constitute a majority of the members of the Board of Directors of CompanyEmployer: (1) the individuals who, as of the Effective Datedate of this Agreement, constitute the Board of Directors of Company Employer (the "“Current Directors"”); (2) the individuals who thereafter are elected to the Board of Directors of Company Employer and whose election, or nomination for election, to the Board of Directors of Company Employer was approved by a vote of at least two-thirds (( 2/3) of the Current Directors then still in office (such directors becoming "“Additional Directors" ” immediately following their election); and (3) the individuals who are elected to the Board of Directors of Company Employer and whose election, or nomination for election, to the Board of Directors of Company Employer was approved by a vote of at least two-thirds (( 2/3) of the Current Directors and Additional Directors then still in office (such directors also becoming “Additional Directors Directors” immediately following their election);
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Turnover of Board. The following individuals no longer constitute a majority of the members of the Board of Directors of CompanyEmployer: (1) the individuals who, as of the Effective Datedate of this Agreement, constitute the Board of Directors of Company Employer (the "Current Directors"); (2) the individuals who thereafter are elected to the Board of Directors of Company Employer and whose election, or nomination for election, to the Board of Directors of Company Employer was approved by a vote of at least two-thirds (2/3) of the Current Directors then still in office (such directors becoming "Additional Directors" immediately following their election); and (3) the individuals who are elected to the Board of Directors of Company Employer and whose election, or nomination for election, to the Board of Directors of Company Employer was approved by a vote of at least two-thirds (2/3) of the Current Directors and Additional Directors then still in office (such directors also becoming "Additional Directors Directors" immediately following their election);
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