Common use of Shareholder Board Nominees Clause in Contracts

Shareholder Board Nominees. So long as the Shareholder Group beneficially owns at least 10% of the Combined Voting Power of all Company Voting Securities, Shareholder shall have the right to designate three directors of the Company; provided, however, that at such time as the Shareholder Group shall no longer beneficially own at least 10% of the Combined Voting Power of all Company Voting Securities, (i) Shareholder shall cease to have the right to designate any directors of the Company, (ii) Shareholder's rights under this Article IV shall terminate and (iii) Shareholder shall cause its three designees to resign from the Board of Directors of the Company.

Shareholder Board Nominees. So long as the Shareholder Group beneficially owns at least 10% of the Combined Voting Power of all Company Voting Securities, Shareholder shall have the right to designate three directors of the Company; providedPROVIDED, howeverHOWEVER, that at such time as the Shareholder Group shall no longer beneficially own at least 10% of the Combined Voting Power of all Company Voting Securities, (i) Shareholder shall cease to have the right to designate any directors of the Company, (ii) Shareholder's rights under this Article IV shall terminate and (iii) Shareholder shall cause its three designees to resign from the Board of Directors of the Company.

Shareholder Board Nominees. So long as the Shareholder Group beneficially owns at least 10% of the Combined Voting Power of all Company Voting Securities, Shareholder shall have the right to designate three directors of the Company; provided, however, that at such time as the Shareholder Group shall no longer beneficially own at least 10% of the Combined Voting Power of all Company Voting Securities, (i) Shareholder shall cease to have the right to designate any directors of the Company, (ii) Shareholder's rights under this Article IV shall terminate and (iii) Shareholder shall cause its three designees to resign from the Board of Directors of the Company.. (Exhibit 1)