Common use of Voting; Board Composition Clause in Contracts

Voting; Board Composition. During the term of this Agreement, each Shareholder agrees to vote all shares of Series E Preferred 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) as a member of the Company's Board of Directors, one individual designated by RRE from time to time in a writing delivered to the Company and signed by RRE (the "RRE DESIGNEE") and one individual designated by AmEx from time to time in a writing delivered to the Company and signed by AmEx (the "AMEX DESIGNEE");

Appears in 1 contract

Sources: Amendment Agreement (Concur Technologies Inc)

Voting; Board Composition. During the term of this Agreement, each Shareholder agrees to vote all shares of Series E Preferred 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) as a member of the Company's Board of Directors, one the individual designated by RRE from time to time in a writing delivered to the Company and signed by RRE (the "RRE DESIGNEE") and one individual designated by AmEx from time to time in a writing delivered to the Company and signed by AmEx (the "AMEX DESIGNEE");

Appears in 1 contract

Sources: Voting Agreement (Concur Technologies Inc)