Common use of Replacement Appointment Clause in Contracts

Replacement Appointment. If any Bain Director resigns, is removed, or is unable to serve for any reason prior to the expiration of his or her term as a Director, then ▇▇▇▇ Capital shall be entitled to designate a replacement to be appointed by the Board as Director as soon as reasonably practicable (regardless of ▇▇▇▇ Capital’s beneficial ownership in the Company at the time of such vacancy); it being understood that any such designee shall serve the remainder of the term of the Director whom such designee replaces.

Replacement Appointment. If any Bain Director resigns, is removed, or is unable to serve for any reason prior to the expiration of his or her term as a Director, then ▇B▇▇▇ Capital shall be entitled to designate a replacement to be appointed by the Board as Director as soon as reasonably practicable (regardless of ▇B▇▇▇ Capital’s beneficial ownership in the Company at the time of such vacancy); it being understood that any such designee shall serve the remainder of the term of the Director whom such designee replaces.