Board Nominees. The Investor shall have the right to designate Investor Designees to be nominated to the Board of Directors. The Company shall nominate the Investor Designees for a vote of the shareholders at any meeting or action by written consent involving the election of directors to the Board of Directors. In the event that any duly elected Investor Designee is removed from the Board of Directors, the Investor shall be entitled to designate another of Investor’s designees for nomination for election to the Board of Directors. “Investor Designees” means those persons designated for nomination to the Board of Directors by the Investor, the number of which shall not be less than a majority of the Board of Directors when aggregated with any director nominees who are nominated by any of the Investor’s subsidiaries or parent company.
Appears in 8 contracts
Samples: Assumption Agreement (Rocky Mountain Chocolate Factory Inc), Investor Rights Agreement (Rocky Mountain Chocolate Factory Inc), Membership Interest Purchase Agreement (U-Swirl, Inc.)
