Additional Director Board Appointment Period
Additional Director Board Appointment Period. The period from the date hereof and ending on the later of (i) the date that the Purchasers shall cease to Beneficially Own at least 25,000,000 shares of Voting Stock (as adjusted from time to time for any stock dividends, combinations, recapitalizations and the like) or (ii) the date that the Purchasers' percentage Beneficial Ownership of the Voting Stock is less than the quotient of (x) two (2) divided by (y) the then authorized number of directors of the Company.
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Found in
Nuance Communications, Inc. contract