Common use of Board Position Clause in Contracts

Board Position. As soon as practicable after the Closing, the Board -------------- of Directors of the Buyer will offer to ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ a seat on the Buyer's Board of Directors for a term equal to the time remaining in the term of the class in which the director's seat that is offered to ▇▇. ▇▇▇▇▇▇▇▇ is classified and, prior to the expiration of such period remaining in her initial term, the Board of Directors will nominate ▇▇. ▇▇▇▇▇▇▇▇ for re-election to the Board of Directors upon expiration of such initial term.