Designated Directors. During the Proxy Term, the Proxyholder agrees to vote, or cause to be voted, all Shares owned by such Person, or over which such Person has voting control, from time to time and at all times, in whatever manner as shall be necessary to cause the election to the Board (but subject to the directors of the Company complying with their fiduciary duties), of: (a) the individual(s) designated by Tencent for nomination or appointment as director(s) of the Company from time to time (each individual, a “Tencent Designee” and collectively, “Tencent Designees”). The aggregate number of Tencent Designees shall be: (i) two (2) so long as the Tencent Percentage (as defined below) is at least 20%; and (ii) one (1) so long as the Tencent Percentage (as defined below) is at least 10%,
Appears in 2 contracts
Sources: Voting Agreement (Bitauto Holdings LTD), Voting Agreement (Bitauto Holdings LTD)