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.
Appears in 2 contracts
Sources: Nomination Agreement (Veritas Software Corp), Nomination Agreement (Veritas Software Corp)
TWO DESIGNEES. For so long as Warburg continues to own more than 15% of the outstanding Common Stock of the CompanyCompany on a fully diluted basis, 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.
Appears in 1 contract