Common use of Removal of Designees Clause in Contracts

Removal of Designees. (i) If at any time, the holders of at least a majority of the outstanding shares of the GDI Series A Preferred and GDI Series B Preferred notifies the other Stockholders of their wish to remove at any time and for any reason (or no reason) any of the Preferred Designees, then each Stockholder shall vote all of its Shares so as to remove such Preferred Designee.

Appears in 3 contracts

Samples: Stockholders Agreement (General Devices Inc), Stockholders Agreement (General Devices Inc), Stockholders Agreement (General Devices Inc)

AutoNDA by SimpleDocs

Removal of Designees. (i) If at any time, the holders of at least a majority of the outstanding shares of the GDI Series A Preferred and GDI Series B Preferred notifies the other Stockholders of their wish to remove at any time and for any reason (or no reason) any of the Preferred Designees, then each Stockholder shall vote all of its Shares so as to remove such Preferred Designee.

Appears in 1 contract

Samples: Stockholders Agreement (General Devices Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.