Board of Directors; Officers. (a) At its annual meeting, the Board of Directors shall elect, from among its members, a chairman who shall preside at meetings of the Board of Directors and the stockholders. The Board of Directors may also elect such other officers of the Board of Directors and for such term as it may, from time to time, determine advisable.
Appears in 6 contracts
Samples: Distribution Agreement (LTC Properties Inc), Form of Distribution Agreement (LTC Healthcare Inc), Distribution Agreement (LTC Healthcare Inc)
Board of Directors; Officers. (a) At its annual meeting, the Board of Directors shall elect, may elect from among its members, a chairman who shall preside at meetings of the Board of Directors and may preside at meetings of the stockholdersshareholders. The Board of Directors may also elect such other officers of the Board of Directors and for such term terms as it may, may from time to time, determine time deem advisable.
Appears in 1 contract
Samples: Preferred Stock Purchase Agreement (Texoil Inc /Nv/)
