CDXX Director definition
CDXX Director means (i) any person serving as a Director of CDXX on the date of this Agreement who continues as a Director of CDXX at the Effective Time and (ii) any person who becomes a Director of CDXX and who is designated as such by the CDXX Directors prior to his or her election; and the term "PENSAT Director" means (i) any person serving as a Director of PENSAT on the date of this Agreement who becomes a Director of CDXX at the Effective Time and (ii) any person who becomes a Director of CDXX and who is designated as such by the PENSAT Directors prior to his or her election.