Common use of Directors and Officers of Parent Clause in Contracts

Directors and Officers of Parent. At the Effective Time, Parent’s Board of Directors will consist of seven directors. The Company shall have the right to designate such directors, four of whom shall qualify as “Independent Directors” under Nasdaq Rule 5605(a)(2).

Directors and Officers of Parent. (a) At the Effective Time, Parent’s Board of Directors will consist of seven (7) directors. The Company shall have the right to designate five (5) of such directors, four three (3) of whom shall qualify as “Independent Directors” under Nasdaq Rule 5605(a)(2). Parent shall have the right to designate two (2) of such directors, one (1) of whom shall qualify as “Independent Directors” under Nasdaq Rule 5605(a)(2).

Directors and Officers of Parent. At the Effective Time, Parent’s Board of Directors will consist of seven (7) directors, including Bxxxxxxx Xxxxxxx, Txxxxx Xxxx, Sxxxx Xxxxxxx, Txxxxx Xxxxxx, and Exxxx Xxxxxx, who shall each serve on the Parent’s Board of Directors for at least two (2) years unless removed for cause. The For a period of two (2) years following the Closing, the Company Stockholders shall have the right to designate such directorsa majority of the directors on Parent’s Board of Directors, four two (2) of whom shall qualify as “Independent Directors” under Nasdaq Rule 5605(a)(2).