Common use of Election, Qualification and Term of Office of Directors Clause in Contracts

Election, Qualification and Term of Office of Directors. Except as provided in Section 3.5 of these bylaws, and subject to the Certificate of Incorporation, each director, including a director elected to fill a vacancy or newly created directorship, shall hold office until the expiration of the term of the class, if any, for which elected and until such director’s successor is elected and qualified or until such director’s earlier death, resignation, disqualification, retirement or removal in accordance with the Certificate of Incorporation and applicable law. Directors need not be stockholders. The Certificate of Incorporation or these bylaws may prescribe qualifications for directors.

Election, Qualification and Term of Office of Directors. Except Beginning with the Corporation’s first annual meeting of stockholders, the directors, including any of those elected by the holders of any series of Preferred Stock (as provided defined in Section 3.5 of these bylaws, and subject to the Certificate of Incorporation), each director, including a director shall be elected to fill a vacancy or newly created directorship, shall hold office until for a term expiring at the expiration next annual meeting of the term stockholders of the class, if any, for which Corporation and until his or her successor shall be elected and until such director’s successor is elected and qualified qualified, or until such director’s his or her earlier death, resignation, disqualificationretirement, retirement disqualification or removal in accordance with the Certificate of Incorporation and applicable lawfrom office. Directors need not be stockholders. The Certificate of Incorporation or these bylaws may prescribe qualifications for directors.