Changes in Designees. From time to time during the term of this Agreement, Founders may select a change to the Designee pursuant to this Agreement may, in their sole discretion: (a) notify the Company in writing of an intention to remove from the Company’s board of directors any incumbent Designee who occupies a board seat for which such Voting Parties are entitled to designate the Designee; or (b) notify the Company in writing of an intention to select a new Designee for election to a board seat for which such Voting Parties are entitled to designate the Designee (whether to replace a prior Designee or to fill a vacancy in such board seat). In the event of such an initiation of a removal or selection of a Designee under this section, the Company shall take such reasonable actions as are necessary to facilitate such removals or elections, including, without limitation, soliciting the votes of the appropriate stockholders, and the Voting Parties shall vote their Shares to cause: (a) the removal from the Company’s board of directors of the Designee or Designees so designated for removal; and (b) the election to the Company’s board of directors of any new Designee or Designees so designated.
Appears in 1 contract
Changes in Designees. From time to time during the term of this Agreement, Founders may Investors who hold sufficient Shares to select a change to the Designee pursuant to this Agreement may, in their sole discretion:
: (ai) notify the Company in writing of an intention to remove from the Company’s board Board of directors Directors any incumbent Designee who occupies a board Board seat for which such Voting Parties Investors are entitled to designate the Designee; or
or (bii) notify the Company in writing of an intention to select a new Designee for election to a board Board seat for which such Voting Parties are entitled to designate the Designee (whether to replace a prior Designee or to fill a vacancy in such board Board seat). In the event of such an initiation of a removal or selection of a Designee under this section, the Company shall take such reasonable actions as are necessary to facilitate such removals or elections, including, without limitation, soliciting the votes of the appropriate stockholders, and the Voting Parties Investors shall vote their Shares to cause: (ai) the removal from the Company’s board Board of directors Directors of the Designee or Designees so designated for removal; and (bii) the election to the Company’s board of directors Board Directors of any new Designee or Designees so designated.
Appears in 1 contract
Sources: Investors’ Rights Agreement (Ritter Pharmaceuticals Inc)
Changes in Designees. From time to time during the term of this Agreement, Founders may Voting Parties who hold sufficient Shares to select a change to the Designee pursuant to this Agreement may, in their sole discretion:
(ai) notify the Company in writing of an intention to remove from the Company’s board of directors Board any incumbent Designee who occupies a board Board seat for which such Voting Parties are entitled to designate the Designee; or
(bii) notify the Company in writing of an intention to select a new Designee for election to a board Board seat for which such Voting Parties are entitled to designate the Designee (whether to replace a prior Designee or to fill a vacancy in such board Board seat). In the event of such an initiation of a removal or selection of a Designee under this section, the Company shall take such reasonable actions as are necessary to facilitate such removals or elections, including, without limitation, soliciting the votes of the appropriate stockholders, and the Voting Parties shall vote their Shares to cause: (a) cause the removal from the Company’s board of directors Board of the Designee or Designees so designated for removal; removal and (b) the election to the Company’s board of directors Board Directors of any new Designee or Designees so designated.
Appears in 1 contract
Sources: Voting Agreement (Zagg INC)
Changes in Designees. From time to time during the term of this Agreement, Founders may Voting Parties who hold sufficient Shares to select a change to the Designee pursuant to this Agreement may, in their sole discretion:
(a) notify the Company in writing of an intention to remove from the Company’s board of directors Board any incumbent Designee who occupies a board seat for which such Voting Parties are entitled to designate the Designee; or
(b) notify the Company in writing of an intention to select a new Designee for election to a board seat for which such Voting Parties are entitled to designate the Designee (whether to replace a prior Designee or to fill a vacancy in such board seat). In the event of such an initiation of a removal or selection of a Designee under this section, the Company shall take such reasonable actions as are necessary to facilitate such removals or elections, including, without limitation, soliciting the votes of the appropriate stockholders, and the Voting Parties shall vote their Shares to cause: (a) the removal from the Company’s board of directors Board of the Designee or Designees so designated for removal; and (b) the election to the Company’s board of directors Board of any new Designee or Designees so designated.
Appears in 1 contract
Sources: Voting Agreement (Eyenovia, Inc.)