Voting; Board Composition. During the term of this Agreement, each Shareholder agrees to vote all shares of capital stock of the Company now or hereafter directly or indirectly owned (of record or beneficially) by such Shareholder, in such manner as may be necessary to elect (and maintain in office) a five-person Board of Directors (the “Board”) consisting of, in part, two (2) individuals designated from time to time in a writing delivered to the Company and signed by NESC (the “NESC Designees”).
Appears in 1 contract
Voting; Board Composition. During the term of this Agreement, ------------------------- each Shareholder agrees to vote all shares of capital stock of the Company now or hereafter then directly or indirectly owned (of record or beneficially) by such Shareholder, in such manner as may be necessary to elect (and maintain in office) as a five-person member of the Company's Board of Directors one (1) individual (the “Board”"Investor Designee") consisting of, in part, two (2) individuals ----------------- designated from time to time in a writing delivered to the Company and signed by NESC (a representative of the “NESC Designees”)Investor.
Appears in 1 contract
Sources: Voting Agreement (Netpliance Inc)
Voting; Board Composition. During the term of this Agreement, each Shareholder Holder agrees to vote all shares of capital stock of the Company now or hereafter directly or indirectly owned (of record or beneficially) by such ShareholderHolder, in such manner as may be necessary to elect (and maintain in office) as a five-person members of the Board of Directors (an individual designated by the “Board”) consisting of, in part, two (2) individuals designated from time to time in a writing delivered Investor who is reasonably agreeable to the Company and signed by NESC (the “NESC Designees”"Investor Designee").
Appears in 1 contract