Board Representation; Committees. (a) The Company agrees that MSCP III Fund shall have the right, so long as the Funds, in the aggregate, shall continue to beneficially own at least 30% of the outstanding common stock of the Company, to cause the Company to include, as nominees for the Company's Board of Directors recommended by the Board, up to 3 Directors (each, a "Fund Nominee"); provided that one of the Fund Nominees shall be Howard Hoffen for so long as he remains an officer of Morgan Sta▇▇▇▇ ▇▇▇▇▇▇▇ Partners III, Inc.; and provided further ▇▇▇▇ ▇n▇▇▇▇▇▇▇ MSCP III Fund intends to designate 2
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Sources: Investment Agreement (Morgan Stanley Dean Witter Discover & Co)
Board Representation; Committees. (a) The Company agrees that MSCP III Fund shall have the right, so long as the Funds, in the aggregate, shall continue to beneficially own at least 30% of the outstanding common stock of the Company, to cause the Company to include, as nominees for the Company's Board of Directors recommended by the Board, up to 3 Directors (each, a "Fund Nominee"); provided that one of the Fund Nominees shall be Howard Hoffen ▇▇▇▇▇▇ ▇▇▇▇▇▇ for so long as he remains an officer of Morgan Sta▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Capital Partners III, Inc.; and provided further ▇▇▇▇ ▇n▇▇▇▇▇▇▇ that initially MSCP III Fund intends to designate 2
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