Common use of Appointment of Committee Members Clause in Contracts

Appointment of Committee Members. The Board of Directors shall elect the members of the Committees and the Chairman of each such Committee to serve until the next annual meeting of shareholders. The President shall appoint or shall establish a method of appointing, subject to the approval of the Board of Directors, the members of any other Committees established by the Board of Directors, and the Chairman of such Committee, to serve until the next annual meeting of shareholders. The Board of Directors may appoint, from time to time, other committees, for such purposes and with such powers as the Board may determine.

Appears in 1 contract

Samples: Agreement and Plan of Merger (First Jermyn Corp)

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Appointment of Committee Members. The Chairman of the Board of Directors shall elect appoint the members of the Committees and the Chairman of each such Committee to serve until the next annual meeting of shareholders. The President shall appoint or shall establish a method of appointing, subject to the approval Chairman of the Board of Directors, shall appoint the members of any other Committees established by the Board of Directors, and the Chairman of such Committee, to serve until the next annual meeting of shareholders. The Board of Directors may appoint, from time to time, other committees, for such purposes and with such powers as the Board may determine.

Appears in 1 contract

Samples: Stock Option Agreement (BCB Financial Services Corp /Pa/)

Appointment of Committee Members. The Chairman of the Board ----------- -------------------------------- of Directors shall elect appoint the members of the Committees and the Chairman of each such Committee to serve until the next annual meeting of shareholders. The President shall appoint or shall establish a method of appointing, subject to the approval Chairman of the Board of Directors, shall appoint the members of any other Committees established by the Board of Directors, and the Chairman of such Committee, to serve until the next annual meeting of shareholders. The Board of Directors may appoint, from time to time, other committees, for such purposes and with such powers as the Board may determine.

Appears in 1 contract

Samples: Stock Option Agreement (Heritage Bancorp Inc /Pa/)

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Appointment of Committee Members. The Board of Directors President shall elect appoint the members of the Committees and the Chairman of each such Committee to serve until the next annual meeting of shareholders. The President shall appoint or shall establish a method of appointing, subject to the approval of the Board of Directors, the members of any other Committees established by the Board of Directors, and the Chairman of such Committee, to serve until the next annual meeting of shareholders. The Board of Directors may appoint, from time to time, other committees, for such purposes and with such powers as the Board may determine.

Appears in 1 contract

Samples: Stock Option Agreement (Patriot Bank Corp)

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