Common use of Board Elections Clause in Contracts

Board Elections. 5.1 Until such time as ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ is no longer the owner of at least 5% of the outstanding Shares, the Stockholders agree to vote or act with respect to their Shares so as to elect him as a member of the Board of Directors. 5.2 Until such time as ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ is no longer the owner of at least 5% of the outstanding Shares, the Stockholders agree to vote or act with respect to their Shares so as to elect him as a member of the Board of Directors. 5.3 Until such time as ▇▇▇▇ ▇▇▇▇▇▇▇▇ is no longer the owner of at least 5% of the outstanding Shares, the Stockholders agree to vote or act with respect to their Shares so as to elect him as a member of the Board of Directors.

Appears in 3 contracts

Sources: Patent License Agreement, Patent License Agreement (Apellis Pharmaceuticals, Inc.), Patent License Agreement (Apellis Pharmaceuticals, Inc.)