Common use of Replacement Nominees Clause in Contracts

Replacement Nominees. If, prior to his or her election to the Board of Directors, any Nominee shall become unable to serve as a director of the Company, the Principal Stockholder Party who so designated such Nominee shall be entitled to designate a replacement, who shall then be a Nominee for purposes of Section 2.2(a) or 2.2(b), as the case may be.

Appears in 2 contracts

Sources: Stockholders Agreement (Unr Asbestos Disease Claims Trust), Stockholders Agreement (Rohn Industries Inc)