Common use of Selection of Directors Clause in Contracts

Selection of Directors. At the request of GTC, at the time of Closing, the directors of the Company selected by NWP shall resign and NWP shall select designees of GTC to be promptly elected to the board of NWP pursuant to the Pcomm Stock Agreement.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Acx Technologies Inc), Stock Purchase Agreement (Acx Technologies Inc)