Example ContractsClauseschange in board of directorsIdentical
Change in Board of Directors
Change in Board of Directors contract clause examples

Change in Board of Directors. Individuals who, as of the date hereof, constitute the Board, and any new director whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least two thirds of the directors then still in office who were directors on the date hereof or whose election or nomination for election was previously so approved (collectively, the “Continuing Directors”), cease for any reason to constitute at least a majority of the members of the Board;

Lux Health Tech Acquisition Corp. (CIK 0001823767)
Source: SEC EDGAR database • Date: October 9, 2020 • SIC: 6770 • CIK: 6770
Flame Acquisition Corp. (CIK 0001831481)
Source: SEC EDGAR database • Date: March 2, 2021 • SIC: 6770 • CIK: 6770
Kensington Capital Acquisition Corp. II (KCAC) (CIK 0001841304)
Source: SEC EDGAR database • Date: February 18, 2021 • SIC: 6770 • CIK: 6770

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.