Common use of Change in Board of Directors Clause in Contracts

Change in Board of Directors. During any period of two (2) consecutive years (not including any period prior to the execution of this Agreement), individuals who at the beginning of such period constitute the Board (together with any new directors whose election to the Board or whose nomination for election by the stockholders of the Company was approved by a vote of a majority of the directors then still in office who were either directors at the beginning of such period or whose election or nomination for election was previously so approved) cease for any reason to constitute at least a majority of the members of the Board;

Appears in 12 contracts

Samples: Indemnification Agreement (Pzena Investment Management, Inc.), Indemnification Agreement (Pzena Investment Management, Inc.), Indemnification Agreement (Pzena Investment Management, Inc.)

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Change in Board of Directors. During any period of two (2) consecutive years (not including any period prior to the execution of this Agreement)) individuals who, individuals who as at the beginning of such period period, constitute the Board (together with Board, and any new directors director whose election to appointment by the Board or whose nomination for election by the Company’s stockholders of the Company was approved by a vote of a majority at least two-thirds of the directors then still in office who were either directors at on the beginning of such period date hereof or whose election appointment or nomination for election was previously so approved) , cease for any reason to constitute at least a majority of the members of the Board;

Appears in 11 contracts

Samples: Indemnity Agreement (Skillsoft Corp.), Indemnity Agreement (Skillsoft Corp.), Indemnity Agreement (Skillsoft Corp.)

Change in Board of Directors. During any period of two (2) consecutive years (not including any period prior to the execution of this Agreement)12 months, individuals who at the beginning of such period constitute the Board (together with Board, and any new directors director whose election to by the Board or whose nomination for election by the stockholders of the Company Corporation’s shareholders was approved by a vote of at least a majority of the directors then still in office who either were either directors at the beginning of such the period or whose election or nomination for election was previously so approved) , cease for any reason to constitute at least a majority of the members of the Board;

Appears in 4 contracts

Samples: Executive Employment Agreement (Hi Tech Pharmacal Co Inc), Amended And (Hi Tech Pharmacal Co Inc), Executive Employment Agreement (Hi Tech Pharmacal Co Inc)

Change in Board of Directors. During any period of two (2) consecutive years (not including any period prior to the execution of this Agreement), individuals who at the beginning of such period constitute the Board (together with Board, and any new directors director whose election to by the Board or whose nomination for election by the Company’s stockholders of the Company was approved by a vote of at least a majority of the directors then still in office who either were either directors at the beginning of such the period or whose election or nomination for election was previously so approved) , cease for any reason to constitute at least a majority of the members of the Board;

Appears in 3 contracts

Samples: Indemnification Agreement (Venture Lending & Leasing V, Inc.), Indemnification Agreement (Venture Lending & Leasing Iv Inc), Adapthealth Corp Indemnification Agreement (AdaptHealth Corp.)

Change in Board of Directors. During any period of two (2) consecutive years (not including any period prior to the execution of this Agreement), individuals who at the beginning of such period constitute the Board (together with Board, and any new directors director whose election to by the Board or whose nomination for election by the Company's stockholders of the Company was approved by a vote of at least a majority of the directors then still in office who either were either directors at the beginning of such the period or whose election or nomination for election was previously so approved) , cease for any reason to constitute at least a majority of the members of the Board;

Appears in 2 contracts

Samples: Indemnification Agreement (Venture Lending & Leasing V, Inc.), Indemnification Agreement (Venture Lending & Leasing Iv Inc)

Change in Board of Directors. During any period of two (2) consecutive years (not including any period prior to the execution of this Agreement)years, individuals who at the beginning of such period constitute the Board (together with and any new directors director whose election to by the Board or whose nomination for election by the Company’s stockholders of the Company was approved by a vote of a majority at least two-thirds (2/3) of the directors then still in office who either were either directors at the beginning of such the period or whose election or nomination for election was previously so approved) , cease for any reason to constitute at least a majority of the members of the Boardthereof;

Appears in 1 contract

Samples: Indemnity Agreement (Interwoven Inc)

Change in Board of Directors. During any period of two (2) consecutive years (not including any period prior to the execution of this Agreement)12 months, individuals who at the beginning of such period constitute the Board (together with Board, and any new directors director whose election to by the Board or whose nomination for election by the Corporation’s stockholders of the Company was approved by a vote of at least a majority of the directors then still in office who either were either directors at the beginning of such the period or whose election or nomination for election was previously so approved) , cease for any reason to constitute at least a majority of the members of the Board;

Appears in 1 contract

Samples: Employment Agreement (Medialink Worldwide Inc)

Change in Board of Directors. During any period of two (2) consecutive years (not including any period prior to the execution of this Agreement)years, individuals who at the beginning of such period constitute the Board (together with and any new directors director whose election to by the Board or whose nomination for election by the Company’s stockholders of the Company was approved by a vote of a majority at least two-thirds of the directors then still in office who either were either directors at the beginning of such the period or whose election or nomination for election was previously so approved) approved (collectively, the “Continuing Directors”), cease for any reason to constitute at least a majority of the members of the Board;

Appears in 1 contract

Samples: Indemnification Agreement (Nivalis Therapeutics, Inc.)

Change in Board of Directors. During any period of two (2) three consecutive years (years, not including any period prior to the execution of this Agreement), individuals who at the beginning of such period constitute the Board (together with Board, and any new directors whose election to by the Board or whose nomination for election by the Company’s stockholders of the Company was approved by a vote of a majority at least two-thirds of the directors then still in office who were either directors at on the beginning of such period date hereof or whose election or for nomination for election was previously so approved) approved (collectively, the “Continuing Directors”), cease for any reason to constitute at least a majority of the members of the Board;

Appears in 1 contract

Samples: Indemnity Agreement (AMCI Acquisition Corp. II)

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Change in Board of Directors. During any period of two (2) consecutive years (not including any period prior to the execution of this Agreement)12 months, individuals who at the beginning of such period constitute the Board (together with Board, and any new directors director whose election to by the Board or whose nomination for election by the Corporation's stockholders of the Company was approved by a vote of at least a majority of the directors then still in office who either were either directors at the beginning of such the period or whose election or nomination for election was previously so approved) , cease for any reason to constitute at least a majority of the members of the Board;

Appears in 1 contract

Samples: Employment Agreement (Medialink Worldwide Inc)

Change in Board of Directors. During any 24 month period of two (2) consecutive years (not including any period prior to the execution of this Agreement), individuals who at the beginning of such period constitute the Board (together with Board, and any new directors director whose election to by the Board or whose nomination for election by the Company’s stockholders of the Company was approved by a vote of a majority at least two-thirds of the directors then still in office who were either directors at the beginning of such period or whose election or nomination for election was previously so approved) office, cease for any reason to constitute at a least a majority of the members of the Board;

Appears in 1 contract

Samples: Indemnification Agreement (Avici Systems Inc)

Change in Board of Directors. During any period of two (2) consecutive years (not including any period prior to the execution of this Agreement), individuals who at the beginning of such period constitute the Board (together with any new directors whose election to the Board or whose nomination for election by the stockholders of the Company was approved by a vote of a majority of the directors then still in office who were either directors at the beginning of such period or whose election or nomination for election was previously so approved) cease for any reason to constitute at least a majority of the members of the Board;

Appears in 1 contract

Samples: Indemnification Agreement (Storage Technology Corp)

Change in Board of Directors. During When the individuals who, at the beginning of any period of two (2) consecutive years (not including any period prior to the execution of this Agreement)or less, individuals who at the beginning of such period constitute constituted the Board (together with any new directors whose election to the Board or whose nomination for election by the stockholders of the Company was approved by a vote of a majority of the directors then still in office who were either directors at the beginning of such period or whose election or nomination for election was previously so approved) cease cease, for any reason reason, to constitute at least a majority of the members of the Board, unless the election or nomination for election of each new director was approved by the vote of at least two-thirds of the directors who were directors at the beginning of such period;

Appears in 1 contract

Samples: Form of Indemnification Agreement (White Electronic Designs Corp)

Change in Board of Directors. During any period of two (2) consecutive years (not including any period prior to the execution of this Agreement)12 months, individuals who at the beginning of such period constitute the Board (together with Board, and any new directors director whose election to by the Board or whose nomination for election by the stockholders of the Company Corporation's shareholders was approved by a vote of at least a majority of the directors then still in office who either were either directors at the beginning of such the period or whose election or nomination for election was previously so approved) , cease for any reason to constitute at least a majority of the members of the Board;

Appears in 1 contract

Samples: Employment Agreement (Medialink Worldwide Inc)

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