Common use of Election and Term Clause in Contracts

Election and Term. The officers of the LLC shall consist of a President, a Secretary and a Treasurer. The PJM Board may elect such other officers as it deems necessary to carry out the business of the LLC. All officers shall be elected by the PJM Board and shall hold office until the next annual meeting of the PJM Board and until their successors are elected. Any number of offices may be held by the same person, except that the offices of the President and Treasurer may not be held by the same person.

Appears in 7 contracts

Samples: Operating Agreement (PPL Electric Utilities Corp), Operating Agreement (Pp&l Inc), Additional Member Agreement (PPL Electric Utilities Corp)

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