Common use of Successor Proxy Clause in Contracts

Successor Proxy. Upon the death or the Permanent Disability (as such term is defined below) of the Designated Agent, ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ will become the successor Designated Agent hereunder, unless Participating Stockholders holding at least seventy percent “70%” of the Owned Stock subject to this Agreement appoint a different successor Designated Agent. Upon such death or Permanent Disability and appointment of a successor Designated Agent, each Participating Stockholder agrees to execute and deliver to ▇▇. ▇▇▇▇ ▇▇▇▇ Levin or such other successor appointed by the Participating Stockholders, as the case may be, an additional Proxy naming ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ or such other successor appointed by the Participating stockholders, as the case may be, as proxy therein. For purposes of this Agreement, the term “Permanent Disability” means permanent disability as determined by any physician of The Cleveland Clinic of Cleveland, Ohio or its successors and assigns.

Successor Proxy. Upon the death or the Permanent Disability (as such term is defined below) of the Designated Agent, ▇▇▇▇ Murray Walker will become the succe▇▇▇▇ ▇▇▇▇▇ will become the successor Designated ▇▇▇▇ed Agent hereunder, unless Participating Stockholders holding at least seventy percent “(70%” ) of the Owned Stock subject to this Agreement appoint a different successor Designated Agent. Upon such death or Permanent Disability and appointment of a successor Designated Agent, each Participating Stockholder agrees to execute and deliver to Mr. Walker or such other successor ▇▇. ▇▇▇▇▇▇▇ ▇▇▇▇ Levin or such other successor appointed by the Participating Stockholders, as the case may be, an additional Irrevocable Proxy in the form attached as EXHIBIT B hereto, naming Mr. Walker or such other successor ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ or such other successor appointed by the Participating stockholdersStockholders, as the case may be, as proxy therein. For purposes of this Agreement, the term “"Permanent Disability” " means permanent disability as determined by any physician of The Cleveland Clinic of Cleveland, Ohio or its successors and assigns.