Failure to Designate a Board Member. In the absence of any designation by the NRG Holder or the EDH Holder as specified in Section 2.2 or Section 2.3, the director or directors (or in the case of Section 2.3, such individual appointed to the governing body, as applicable) previously designated by the NRG Holder or the EDH Holder, as applicable, and then serving shall be reelected if still eligible to serve as provided herein.
Appears in 2 contracts
Sources: Stock Purchase Agreement (Gsi Commerce Inc), Stock Purchase Agreement (Gsi Commerce Inc)