Common use of Irrevocable Proxies Clause in Contracts

Irrevocable Proxies. Each Shareholder hereby grants to, and is deemed to have executed in favor of, all of the other Shareholders, an irrevocable proxy to vote, or to give written consent with respect to, all the voting equity securities owned by the grantor of the proxy for the election to the board of directors of such individuals as the grantee of the proxy shall be entitled to designate pursuant to this Agreement.

Irrevocable Proxies. Each Shareholder hereby grants to, and is deemed to have executed in favor of, all of the other Shareholders, an irrevocable proxy to vote, or to give written consent with respect to, all the voting equity securities owned by the grantor of the proxy (1) for the election to the board of directors Board of such individuals as the grantee of the proxy shall be entitled to designate pursuant to this AgreementAgreement and (2) against any amendment of the Corporation's articles of incorporation or bylaws.