Common use of ONE DESIGNEE Clause in Contracts

ONE DESIGNEE. For so long as Warburg continues to own equal to or less than 15% and more than 5% of the outstanding Common Stock of the Company, the Company shall nominate, in connection with each stockholder solicitation relating to the election of directors, one candidate designated by Warburg.

Appears in 2 contracts

Sources: Nomination Agreement (Veritas Software Corp), Nomination Agreement (Veritas Software Corp)