Common use of Board of Directors Voting Clause in Contracts

Board of Directors Voting. NSK and W-P shall use their best efforts to cause the Board of Directors of W-N to consist of six members, four of whom shall be nominees of NSK and two of whom shall be nominees of W-P; provided, however, that at any time, NSK may propose to increase the size of the Board of Directors so that NSK and W-P shall each be entitled to nominate a number of directors such that the percentage of the entire Board so nominated by it shall be approximately the same as its percentage ownership (from time to time) of shares of W-N Stock and in such event, NSK and W-P shall vote their shares of W-N Stock for such proposal. NSK and W-P shall vote their shares of W-N Stock for such nominees.

Appears in 2 contracts

Sources: Shareholder Agreements (Wheeling Pittsburgh Corp /De/), Shareholder Agreements (Wheeling Pittsburgh Corp /De/)