Common use of Size of Board Clause in Contracts

Size of Board. ▇▇▇▇▇▇ shall take all commercially reasonable steps, execute all such documents and do all such acts and things necessary to have the shareholders of ▇▇▇▇▇▇ reduce the size of the Board of Directors of ▇▇▇▇▇▇ as and from the next annual general meeting of the shareholders of ▇▇▇▇▇▇ (which is scheduled to occur on June 4, 2009) from twelve (12) to eight (8), it being understood that ▇▇▇▇▇▇ cannot cause the shareholders to approve such reduction. Thereafter and during the remainder of the Term, ▇▇▇▇▇▇ shall take all commercially reasonable steps, execute all such documents and do all such acts and things as are necessary to oppose any measure, act or initiative which if successful would result in any change to the size of the Board of Directors of ▇▇▇▇▇▇ from eight (8).