Common use of Technology Partners Clause in Contracts

Technology Partners. Technology Partners shall have the right so long as it is the Holder of not less than 291,000 shares of Series C Convertible Preferred Stock (as adjusted for any stock dividends, combinations or splits with respect to such Stock after the date hereof), to designate in writing to the Secretary of the Company one individual for election to the Board of Directors; provided, however, in the case of a classified Board of Directors, that if the term of office of such Designee does not expire at such meeting then Technology Partners may not designate any such individual.