Common use of Initial Nomination Clause in Contracts

Initial Nomination. In accordance with this Agreement, ELM and DNAP shall designate the eleven director nominees prior to the mailing of the Proxy Statement (as defined in the Merger Agreement), to serve from the Effective Time until the next annual meeting of stockholders of the Company.

Appears in 2 contracts

Sources: Governance Agreement (Dna Plant Technology Corp), Governance Agreement (Bionova U S Inc)