Common use of TWO DESIGNEES Clause in Contracts

TWO DESIGNEES. For so long as Seagate owns at least 15% of the outstanding Common Stock of Newco, Newco and its Board of Directors shall nominate, in connection with each stockholder solicitation relating to the election of Newco directors, two candidates designated by Seagate who are reasonably acceptable to Newco.

Appears in 7 contracts

Samples: Stockholder Agreement (Seagate Software Inc), Stockholder Agreement (Veritas Software Corp /De/), Stockholder Agreement (Veritas Holding Corp)

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