Common use of Board of Directors of Acquiror Clause in Contracts

Board of Directors of Acquiror. At or prior to the Effective Time, ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, as designee of The ▇▇▇▇▇▇▇▇▇ Corporation ("TFC"), and ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ shall be elected to the Board of Directors of Acquiror, each to serve for a term of three years or until the earlier death, resignation or removal of such person, provided, however, that if ▇▇. ▇▇▇▇▇▇▇ is unable to be a director for the full 3-year term due to his death or incapacitation, then the Board of Directors of the Company shall fill such vacancy by electing to the Board of Directors such member of ▇▇. ▇▇▇▇▇▇▇'▇ immediate family as is designated by TFC; provided that such family member is reasonably acceptable to Acquiror and provided further that it is expressly agreed to and accepted that ▇▇▇▇ ▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Hercot are acceptable designees.

Board of Directors of Acquiror. At or prior to the Effective Time, ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, as designee of The ▇▇▇▇▇▇▇▇▇ Corporation ("TFC"), and ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ shall be elected to the Board of Directors of Acquiror, each to serve for a term of three years or until the earlier death, resignation or removal of such person, providedPROVIDED, howeverHOWEVER, that if ▇▇. ▇▇▇▇▇▇▇ is unable to be a director for the full 3-year term due to his death or incapacitation, then the Board of Directors of the Company shall fill such vacancy by electing to the Board of Directors such member of ▇▇. ▇▇▇▇▇▇▇'▇ immediate family as is designated by TFC; provided that such family member is reasonably acceptable to Acquiror and provided further that it is expressly agreed to and accepted that ▇▇▇▇ ▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Hercot are acceptable designees.