Common use of Nomination and Election of Directors Clause in Contracts

Nomination and Election of Directors. The following procedures shall govern the nomination and election of directors of the Company: (i) For so long as the Tomer Group shall beneficially own at least 20% of the Shares held by them on the date hereof, they shall be entitled to nominate and have elected three (3) directors acceptable to them in their sole discretion

Nomination and Election of Directors. The following procedures shall govern the nomination and election of directors of the Company: : (i) For so long as the Tomer Group Founders shall beneficially own at least 2065% of the Shares held by them on the date hereof, they shall be entitled to nominate and have elected three two (32) directors acceptable to them in their sole discretiondiscretion (the "Founders Directors"). (ii) The Percon Group shall be entitled to nominate and have elected one (1) director (the "Percon Director");