Common use of Additional Director Clause in Contracts

Additional Director. Northwest Bancshares and Northwest Bank shall take such corporate actions as necessary so that effective immediately after the Closing Date, one individual who is a director of LNB Bancorp (as of the date hereof and as of the Effective Time) and who is designated by Northwest Bancshares and Northwest Bank, in consultation with LNB Bancorp, shall be appointed and elected to the Northwest Bancshares and Northwest Bank Boards of Directors.

Appears in 2 contracts

Sources: Merger Agreement (LNB Bancorp Inc), Merger Agreement (Northwest Bancshares, Inc.)