Election of Board of Directors Sample Clauses

Election of Board of Directors. (i) For so long as any shares of Series A Preferred remain outstanding, the holders of Series A Preferred, voting as a separate class, shall be entitled to elect three members of the Board (the “Series A Preferred Directors”) at each meeting or pursuant to each consent of the Company’s stockholders for the election of directors, and to remove from office such directors in accordance with applicable law and to fill any vacancy caused by the resignation, death or removal of such directors.
Election of Board of Directors. (a) The holders of Preferred Stock, voting as a single class, shall be entitled to elect three (3) members of the Board at each meeting or pursuant to each consent of the Corporation’s stockholders for the election of directors, and to remove from office such directors and to fill any vacancy caused by the resignation, death or removal of such directors.
Election of Board of Directors. The emergency committee shall, as soon after its appointment as is practicable, take all requisite action to secure the election of a board of directors, and, upon such election, all the powers and authorities of the emergency committee shall cease.
Election of Board of Directors. (i) In addition to the rights specified in Sections A.6(a), B.6(a), C.6(a) and D.6(a) hereof, the holders of a majority in voting power of the Series A, Series B, Series C and Series D Preferred Stock, voting together as a separate class or in such other manner as the holders of the Series A, Series B, Series C and Series D Preferred Stock shall agree among themselves in the Stockholders' Agreement, shall have the exclusive right to elect to the Board of Directors of the Corporation that number of directors which shall be equal to a majority of the total number of directors on the Board of Directors at any given time. In any election of Preferred Directors pursuant to this Section D.6(b) and Sections A.6(b), B.6(b) and C.6(b), each share of issued and outstanding Series A, Series B, Series C and Series D Preferred Stock shall entitle the holder thereof to the number of votes per share that equals the number of shares of Common Stock (including fractional shares) into which each such share is then convertible, rounded up to the nearest one-tenth of a share. The voting rights of the Series A, Series B, Series C and Series D Preferred Stockholders contained in this Section D.6(b) and Sections A.6(b), B.6(b) and C.6(b) may be exercised at a special meeting of the Series Preferred Stockholders called as provided in accordance with the By-laws of the Corporation, at any annual or special meeting of the Stockholders of the Corporation, or by written consent of the holders of Series Preferred Stock in lieu of a meeting. The Preferred Directors elected pursuant to this Section D.6(b) and Sections A.6(b), B.6(b) and C.6(b) shall serve from the date of their election and qualification until their successors have been duly elected and qualified.
Election of Board of Directors. (a) So long as Investor is entitled to designate two directors of the Company's Board of Directors in accordance with the provisions of Section 4.3 hereof, except to the extent otherwise provided herein, the Company shall take all reasonably necessary or appropriate action to assist in the nomination and election as directors of the two individuals designated by Investor to be elected as directors of the Company.
Election of Board of Directors. [Optional] [Use only if one director is mutually agreed upon by the majority of common stockholders and the majority of preferred stockholders]
Election of Board of Directors. 1. Subject to the rights of the holders of any series of Preferred Stock to elect additional directors under circumstances specified in a certificate of designation with respect to any series of Preferred Stock, the directors shall be divided into three classes designated as Class I, Class II and Class III, respectively. The Board of Directors is authorized to assign members of the Board of Directors already in office to such classes at the time the classification becomes effective. At the first annual meeting of stockholders following such initial classification of the Board of Directors, the term of office of the Class I directors shall expire and Class I directors shall be elected for a full term of three years. At the second annual meeting of stockholders following such initial classification of the Board of Directors, the term of office of the Class II directors shall expire and Class II directors shall be elected for a full term of three years. At the third annual meeting of stockholders following such initial classification of the Board of Directors, the term of office of the Class III directors shall expire and Class III directors shall be elected for a full term of three years. At each succeeding annual meeting of stockholders, directors shall be elected for a full term of three years to succeed the directors of the class whose terms expire at such annual meeting.
Election of Board of Directors. The initial Board of Directors of eLoyalty, consisting of Messrs. Conway, Kohler and Waltrip, was elected on June 22, 1999 by written action of TSC in its capacity as the sole stockholder of eLoyalty. On June 25, 1999 the Board of Directors of eLoyalty, by written action, increased the size of the Board from three to six and elected Messrs. Murray, Purcell and Zucchini as additional directors. On August 13, 1999 TSC and eLoyalty entered into a Common Stock Purchase and Sale Agreement (the "Purchase Agreement") that, among other things, grants each of Sutter Hill Ventures and Technology Crossover Management III, L.L.C. (together, the "Investors") the right to designate a nominee to the Board of Directors of eLoyalty. The Investors' nominees are Messrs. Coxe and Hoag. It is anticipated that Messr. Waltrip will resign from the Board of Directors of eLoyalty on or prior to the Distribution Date.
Election of Board of Directors. On Closing, the current members of the Board of Directors of ACCI shall, as their last act of business prior to their resignation, in accordance with the Nevada General Corporation Law and the Articles of Incorporation and By-Laws of ACCI, cause the Board of Directors of ACCI to be reconstituted to have three (3) then present members of the Board of Directors, who shall be the sole members of the Board of Directors. The current members of the ACCI Board of Directors with the exception of Thomas Krucker shall resign their respective board memberships, and WSBI shall determine the members of the Board of Directors who shall appointed to fill vacancies on the Board of Directors.