Common use of Nomination of Directors Clause in Contracts

Nomination of Directors. The Beneficiary shall not itself, nor shall it initiate, suggest or otherwise encourage the Board of Directors or any other Person to, (i) nominate any individual as a candidate for election to the Board of Directors, or (ii) appoint any individual to fill any vacancy on the Board of Directors. The Beneficiary shall not support, endorse or otherwise encourage the election of any candidate for election to the Board of Directors other than a candidate or candidates nominated by an Independent Board Majority.

Appears in 7 contracts

Samples: Voting Trust and Divestiture Agreement, Voting Trust Agreement (Missouri Foundation for Health), Fee Agreement (Rightchoice Managed Care Inc /De)

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