Common use of Initial Board of Directors Clause in Contracts

Initial Board of Directors. (a) The Board of Directors of the Company (the “Board” and each director of the Board, a “Director”) as of the date of this Agreement shall consist of the following Directors: ▇▇▇▇▇ ▇▇▇▇▇▇▇ Chief Executive Officer and Chairman ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Nominated by the BC Investor ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Nominated by the BC Investor ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Nominated by the BC Investor ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ Nominated by the BC Investor ▇▇▇▇ ▇▇▇▇▇▇ Nominated by the Silver Lake Investor ▇▇▇▇▇▇ ▇▇▇▇▇▇ Remaining Director and Independent Director (each as defined below) ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Remaining Director Two Vacant Directorships (b) In accordance with the Articles, the Board shall be divided into three classes, each class consisting, as nearly as possible, of one-third of the total number of Directors constituting the entire Board, with each Director appointed by the general meeting of shareholders of the Company for a period of up to three years, with each Class I Director serving until the first annual general meeting of shareholders of the Company following the date hereof, Class II Directors serving until the second annual general meeting of shareholders of the Company following the date hereof and Class III Directors serving until the third annual general meeting of shareholders of the Company following the date hereof. Upon the expiration of the term of a class of Directors, Directors in that class will be elected for three-year terms at the annual general meeting of shareholders of the Company in the year in which their term expires. Initially, (A)