Common use of Nomination and Election of Directors Clause in Contracts

Nomination and Election of Directors. The following procedures shall govern the nomination and election of directors of the Company:

Appears in 6 contracts

Samples: Stockholders’ Agreement (Fifth Avenue Capital Inc), Stockholders' Agreement (Power Efficiency Corp), Stockholders' Agreement (Vital Living Inc)

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Nomination and Election of Directors. The following procedures shall govern the nomination and election of directors of the Company:: (i) For so long as the Tomer Group shall beneficially own at least 20% of the Shares held by them on the date hereof, they shall be entitled to nominate and have elected three (3) directors acceptable to them in their sole discretion

Appears in 2 contracts

Samples: Stockholders' Agreement (YTB International, Inc.), Stockholders' Agreement (Rezconnect Technologies Inc)

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