ONE DESIGNEE. For so long as Seagate owns at least 5% and not more than 15% of the outstanding Common Stock of Newco, Newco and its Board of Directors shall nominate, in connection with each stockholder solicitation relating to the election of Newco directors, one candidate designated by Seagate who is reasonably acceptable to Newco.
Appears in 7 contracts
Sources: Stockholder Agreement (Seagate Technology Inc), Stockholder Agreement (Veritas Holding Corp), Stockholder Agreement (Seagate Software Inc)