Common use of Failure to Designate a Board Member Clause in Contracts

Failure to Designate a Board Member. In the absence of any designation from the TSG Investors as specified above, the director previously designated by them and then serving shall be reelected if willing to serve unless such individual has been removed as provided herein, and otherwise such Board seat shall remain vacant until otherwise filled as provided above.

Appears in 2 contracts

Sources: Stockholders Agreement (Dutch Bros Inc.), Stockholders Agreement (Dutch Bros Inc.)