Removal and Replacement of Nominees. Any director nominated by a party hereto may be removed at any time, with or without cause, by such party, and each Stockholder entitled to vote thereon shall vote their shares of Common Stock as may be required to effect such removal, including voting its shares for such removal. In addition, at such time as Robi▇ ▇▇▇▇▇▇ ▇▇ no longer Chief Executive Officer of the Company, the Stockholders shall vote their shares of Common Stock to remove at least two directors nominated by Robi▇ ▇▇▇▇▇▇ ▇▇ such directors shall not have resigned. At any time a vacancy shall be created on the Board as a result of the death, disability, retirement, resignation or removal of a director nominated by a party hereto, with or without cause, then such party shall have the right to nominate a replacement for any director nominated by it in accordance with Sections 1.1(b), and each Stockholder entitled to vote shall vote their shares of Common Stock so as to elect such replacement.
Appears in 2 contracts
Sources: Stockholders Agreement (NCP SBG Lp), Stock Purchase Agreement and Agreement and Plan of Merger (NCP SBG Lp)
Removal and Replacement of Nominees. Any director nominated by a party hereto may be removed at any time, with or without cause, by such party, and each Stockholder entitled to vote thereon shall vote their shares of Common Stock as may be required to effect such removal, including voting its shares for such removal. In addition, at such time as Robi▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇ is no longer Chief Executive Officer of the Company, the Stockholders shall vote their shares of Common Stock to remove at least two directors nominated by Robi▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇ if such directors shall not have resigned. At any time a vacancy shall be created on the Board as a result of the death, disability, retirement, resignation or removal of a director nominated by a party hereto, with or without cause, then such party shall have the right to nominate a replacement for any director nominated by it in accordance with Sections 1.1(b), and each Stockholder entitled to vote shall vote their shares of Common Stock so as to elect such replacement.
Appears in 1 contract
Sources: Stockholders Agreement (Saratoga Beverage Group Inc)