Common use of Initial Composition Clause in Contracts

Initial Composition. Upon the Closing, the Board initially shall be composed of (a) nine Directors, consisting of (i) three Independent Directors designated by the Advent Post-Closing Shareholders collectively, who initially shall be (A) ▇▇▇▇ ▇▇▇▇▇▇▇▇, who shall serve as a Class I Director, (B) ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, who shall serve as a Class II Director, and (C) ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, who shall serve as a Class III Director; (ii) three Directors designated by the Advent Post-Closing Shareholders collectively, who initially shall be (A) ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇, who shall serve as a Class I Director, (B) ▇▇▇▇▇▇ ▇▇▇▇▇, who shall serve as a Class II Director, and (C) ▇▇▇▇ ▇▇▇, who shall serve as a Class III Director; (iii) one Director designated by the Oak Hill Post-Closing Shareholders collectively, who initially shall be ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, who shall serve as a Class I Director; (iv) one director designated by the TCV Post-Closing Shareholders collectively, who initially shall be ▇▇▇▇▇ ▇▇▇▇, who shall serve as a Class II Director; and (v) ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, who shall serve as a Class III Director; and (b) one non-voting board observer designated by the Dragoneer Post-Closing Shareholders collectively, who initially shall be ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇.