Board Observation. The parties agree that, if the Venrock or Whitney designee to the Board of Directors to the Company is unable to attend a meeting of the Board of Directors, Venrock or Whitney as applicable, may cause another representative of Venrock or Whitney as applicable to attend such meeting as an observer, provided that the Company shall have the right to exclude such representative from all or any part of a Board meeting if in its reasonable judgment such exclusion is necessary to preserve the attorney-client privilege or to protect the Company's trade secrets or similar confidential information.
Appears in 2 contracts
Sources: Series D Preferred Stock Purchase Agreement (Niku Corp), Series C Preferred Stock Purchase Agreement (Niku Corp)