Common use of Board Election Clause in Contracts

Board Election. Premier's Board of Directors shall be constituted of four (4) Directors and shall be classified such that Equisition, voting separately, shall be entitled to appoint or elect a number of Directors in proportion to its stake in Premier (rounded down for partial members, but not less than one). Premier will cause the first election of such person(s) to be effective on the Closing Date and will compensate such Board members as it compensates its other Board members. Equisition shall be entitled to remove and replace such Director(s), with or without cause, at any time.

Board Election. Premier's Board of Directors shall be constituted of four five (45) Directors and shall be classified such that EquisitionInvestor, voting separately, shall be entitled to appoint or elect a number of Directors in proportion to its stake in Premier (rounded down for partial members, but not less than one). Premier will cause the first election of such person(s) to be effective on the Closing Date and will compensate such Board members as it compensates its other Board members. Equisition Investor shall be entitled to remove and replace such Director(s), with or without cause, at any time.