Common use of Cumulative Voting Clause in Contracts

Cumulative Voting. Company's Articles of Incorporation shall be amended to provide that as long as AAHA owns *** of the Shares and PVPL owns *** of the Shares, AAHA will be entitled to appoint six (6) members of the Board of Directors and PVPL will be entitled to appoint *** *** member of the Board of Directors, all as described in Section 10 of the Shareholders Agreement.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Professional Veterinary Products LTD /Mo/)

Cumulative Voting. Company's Articles of Incorporation shall be amended to provide that as long as AAHA owns *** *% of the Shares and PVPL owns *** *% of the Shares, AAHA will be entitled to appoint six (6) members of the Board of Directors and PVPL will be entitled to appoint *** (*** ) member of the Board of Directors, all as described in Section 10 of the Shareholders Agreement.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Professional Veterinary Products LTD /Mo/)

Cumulative Voting. Company's Articles of Incorporation shall be amended to provide that as long as AAHA owns *** 80% of the Shares and PVPL owns *** 20% of the Shares, AAHA will be entitled to appoint six (6) members of the Board of Directors and PVPL will be entitled to appoint *** *** ONE (1) member of the Board of Directors, all as described in Section 10 of the Shareholders Agreement.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Professional Veterinary Products LTD /Mo/)