Xxxxxxx Designees. (i) Following the closing of the IPO and for so long as the Principal Stockholders and any Affiliates of the Principal Stockholders collectively Beneficially Own greater than 50% of the outstanding shares of Common Stock, the Xxxxxxx Representative shall have the right, but not the obligation, to determine the size of the Board and designate all members of the Board, including the right to designate such number of individuals to be included in the slate of directors to be nominated by the Board for election by the stockholders of the Company.
Appears in 4 contracts
Samples: Stockholders’ Agreement (Brigham Ben M), Stockholders’ Agreement (Shepard Gregory M), Stockholders’ Agreement (Atlas Energy Solutions Inc.)
