Common use of Designation of Director Clause in Contracts

Designation of Director. During the Wayzata Board Membership Period, the Wayzata Stockholders collectively shall be entitled to designate one individual for appointment or for nomination for election to the Board of Directors.

Designation of Director. During the Wayzata Board Membership Period, the Wayzata Stockholders collectively shall be entitled to designate one individual for appointment or for nomination for election to the Board of Directors who shall be reasonably acceptable to Parent. Any such designation shall be made in writing and addressed to the Board of Directors. The designee identified in the initial designation pursuant to this Section 2.1 shall be appointed to Class III of the Board of Directors with a term expiring at Parent’s annual meeting of stockholders in 2009.