Common use of Change in Board Composition Clause in Contracts

Change in Board Composition. Individuals who constitute the Company’s or the Bank’s Board of Directors on the Effective Date hereof (the “Incumbent Board”) cease for any reason to constitute at least a majority thereof, provided that any person becoming a director subsequent to the Effective Date whose election was approved by a vote of at least three-quarters of the directors comprising the Incumbent Board, shall be, for purposes of this clause (iii) be considered as though he or she was a member of the Incumbent Board; or

Change in Board Composition. Individuals who constitute the Company’s or the Bank’s Board of Directors on the Effective Date hereof (the “Incumbent Board”) cease for any reason to constitute at least a majority thereof, provided that any person becoming a director subsequent to the Effective Date whose election was approved by a vote of at least three-quarters of the directors comprising the Incumbent Board, Board shall bebe considered, for purposes of this clause (iii) be considered C), as though he or she was a member of the Incumbent Board; or

Change in Board Composition. Individuals who constitute the Company’s or the BankAssociation’s Board of Directors on the Effective Date hereof (the “Incumbent Board”) cease for any reason to constitute at least a majority thereof, provided that any person becoming a director subsequent to the Effective Date whose election was approved by a vote of at least three-quarters of the directors comprising the Incumbent Board, Board shall bebe considered, for purposes of this clause (iii) be considered C), as though he or she was a member of the Incumbent Board; or

Change in Board Composition. Individuals who constitute the Company’s 's or the Bank’s 's Board of Directors on the Effective Date hereof (the “"Incumbent Board”") cease for any reason to constitute at least a majority thereof, provided that any person becoming a director subsequent to the Effective Date whose election was approved by a vote of at least three-quarters of the directors comprising the Incumbent Board, Board shall bebe considered, for purposes of this clause (iii) be considered C), as though he or she was a member of the Incumbent Board; or

Change in Board Composition. Individuals who constitute the Company’s or the Bank’s Board of Directors on the Effective Date hereof (the “Incumbent Board”) cease for any reason to constitute at least a majority thereof, provided that any person becoming a director subsequent to the Effective Date whose election was approved by a vote of at least three-quarters of the directors comprising the Incumbent Board, Board shall bebe considered, for purposes of this clause (iii) be considered C), as though he or she was a member of the Incumbent Board; or

Change in Board Composition. Individuals who constitute the Company’s 's or the Bank’s 's Board of Directors on the Effective Date hereof (the “"Incumbent Board”") cease for any reason to constitute at least a majority thereof, provided that any person becoming a director subsequent to the Effective Date whose election was approved by a vote of at least three-three- quarters of the directors comprising the Incumbent Board, Board shall bebe considered, for purposes of this clause (iii) be considered ), as though he or she was a member of the Incumbent Board; or

Change in Board Composition. Individuals who constitute the Company’s or the Bank’s Board of Directors on the Effective Date hereof (the “Incumbent Board”) cease for any reason to constitute at least a majority thereof, provided that any person becoming a director subsequent to the Effective Date whose election was approved by a vote of at least three-three- quarters of the directors comprising the Incumbent Board, shall be, for purposes of this clause (iii) be considered as though he or she was a member of the Incumbent Board; or

Change in Board Composition. Individuals who constitute the Company’s or the Bank’s Board of Directors respective Boards on the Effective Date hereof (collectively, the “Incumbent BoardBoards”) cease for any reason to constitute at least a majority thereof, provided that any person becoming a director subsequent to the Effective Date whose election was approved by a vote of at least three-quarters of the directors comprising the Incumbent Board, Boards shall bebe considered, for purposes of this clause (iii) be considered Section 1(b)(3), as though he or she that individual was a member of the Incumbent BoardBoards; or