TWO DESIGNEES Sample Clauses
The "TWO DESIGNEES" clause establishes that each party involved in the agreement is entitled to appoint two individuals, or designees, to act on their behalf for specific purposes outlined in the contract. In practice, this means that any decisions, approvals, or communications requiring party input can be handled by these designated representatives, streamlining interactions and clarifying who holds authority. The core function of this clause is to ensure clear lines of communication and decision-making, reducing confusion and potential disputes over who is authorized to act for each party.
TWO DESIGNEES. For so long as Seagate owns at least 15% of the outstanding Common Stock of Newco, Newco and its Board of Directors shall nominate, in connection with each stockholder solicitation relating to the election of Newco directors, two candidates designated by Seagate who are reasonably acceptable to Newco.
TWO DESIGNEES. For so long as Warburg continues to own more than 15% of the outstanding Common Stock of the Company, the Company shall nominate, in connection with each stockholder solicitation relating to the election of directors, two candidates designated by Warburg, at least one of whom shall be a person who is (i) not a general partner, limited partner or employee of Warburg and (ii) reasonably acceptable to the Company.