Common use of Size of Board of Directors Clause in Contracts

Size of Board of Directors. During the term of this Agreement, each Shareholder, in his/her/its capacity as a shareholder, agrees to vote all Company Shares now or hereafter directly or indirectly owned (of record or beneficially) by such Shareholder to maintain the authorized number of members of the Board of Directors of the Company at nine (9) directors, and to oppose any effort by any party to change the authorized number of directors of the Company from nine (9) directors.

Appears in 2 contracts

Samples: Investors’ Rights Agreement (Loyalty Alliance Enterprise Corp), Investors’ Rights Agreement (Loyalty Alliance Enterprise Corp)

AutoNDA by SimpleDocs

Size of Board of Directors. During the term of this Agreement, each ShareholderHolder, in his/her/its capacity as a shareholder, agrees to vote all Company Shares Stock now or hereafter directly or indirectly owned (of record or beneficially) by such Shareholder Holder to maintain the authorized number of members of the Board of Directors of the Company at nine five (9) directors, and to oppose any effort by any party to change the authorized number of directors of the Company from nine (95) directors.

Appears in 2 contracts

Samples: Voting Agreement (Energy & Power Solutions, Inc.), Voting Agreement (Energy & Power Solutions, Inc.)

Size of Board of Directors. During Unless otherwise agreed by all Holders, -------------------------- during the term of this Agreement, each Shareholder, in his/her/its capacity as a shareholder, Holder agrees to vote all shares of capital stock of the Company Shares now or hereafter directly or indirectly owned (of record or beneficially) by such Shareholder Holder to maintain the authorized number of members of the Board of Directors of the Company at nine three (93) directors, and to oppose any effort by any party to change the authorized number of directors of the Company from nine three (93) directors.

Appears in 1 contract

Samples: Series B Preferred Stock Exchange Agreement (Asymetrix Learning Systems Inc)

Size of Board of Directors. During the term of this Agreement, each Shareholder, in his/her/its capacity as a shareholder, Investor and Common Shareholder agrees to vote all shares of capital stock of the Company Shares now or hereafter directly or indirectly owned (of record or beneficially) by such Investor and/or Common Shareholder to maintain the authorized number of members of the Board of Directors of the Company at nine seven (9) directors, and to oppose any effort by any party to change the authorized number of directors of the Company from nine (97) directors.

Appears in 1 contract

Samples: Investor Rights Agreement (Alibris Inc)

AutoNDA by SimpleDocs

Size of Board of Directors. During the term of this Agreement, each ShareholderInvestor and each Common Holder, in his/her/, her or its capacity as a shareholderholder of the Company’s Equity Securities, agrees to vote all Company Shares Equity Securities now or hereafter directly or indirectly owned (of record or beneficially) by such Shareholder Investor or Common Holder to maintain the authorized number of members of the Board of Directors of the Company at nine six (9) directors, and to oppose any effort by any party to change the authorized number of directors of the Company from nine (96) directors.

Appears in 1 contract

Samples: Stockholders Agreement (Morgan Investors X)

Size of Board of Directors. During the term of this Agreement, each Shareholder, in his/her/its capacity as a shareholder, Holder agrees to vote all shares of capital stock of the Company Shares now or hereafter directly or indirectly owned (of record or beneficially) by such Shareholder Holder to maintain the authorized number of members of the Board of Directors of the Company (the "Board") at nine no less than five (95) directors, and to oppose any effort by any party to change the authorized number of directors of the Company from nine to less than five (95) directors. In addition, the Company agrees to maintain the authorized number of members of the Board at no less than five (5) directors.

Appears in 1 contract

Samples: Voting Agreement (Vobis Microcomputer Ag)

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