EX-10.8
from 8-K
2 pages
1. Lighthouse Director. the Company Shall Elect One (1) Individual Designated by the Target (The “Lighthouse Director”) to the Board of Directors of the Company (The “Board”) Immediately Following Closing of the Purchase Agreement. the Company Shall Support the Reelection of the Lighthouse Director Such That the Lighthouse Director Shall Serve on the Board for a Minimum Period of Three (3) Years From the Closing (The “Minimum Service Period”); Provided, However, the Foregoing Shall Not Apply in the Event of Any Violation by the Lighthouse Director Of: (I) Any Applicable Laws, (II) the Bylaws or Other Corporate Governance Documents of the Company, or (III) the Employee Handbooks, Guidelines and Other Documents Governing Employee Conduct. the Company Shall Remove the Lighthouse Director if Requested by the Target. During the Minimum Service Period, the Company Shall Elect a Replacement as Directed by the Target to Fill Any Vacancy Created by the Removal or Resignation of the Lighthouse Director
12/34/56