ELECTION; TENURE Sample Clauses

ELECTION; TENURE. The Chairman of the Board, the President, the Treasurer, the Secretary and such other officers as the Trustees may in their discretion from time to time elect shall hold office until their respective successors are chosen and qualified, or in each case until he or she sooner dies, resigns, is removed or becomes disqualified. Each officer shall hold office and each agent shall retain authority at the pleasure of the Trustees.
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ELECTION; TENURE. (a) At each annual meeting or special meeting in lieu of annual meeting, the Members will elect, by a majority vote of the voting Members, Managers to fill existing or anticipated vacancies in the Board of Managers. The Board of Managers (or the Nominating Committee, if requested by the Board of Managers) shall prepare a slate of nominees to fill all existing or anticipated vacancies on the Board of Managers, and such slate shall be submitted to the Members with the notice of the annual meeting (or special meeting at which the election of Managers may be held). A slate shall include nominees for each vacancy on the Board. The Board of Managers or Nominating Committee shall submit the slate of nominees in a manner that effectuates the requirements of Section 2 above. Member may nominate other candidates from the floor at a meeting.
Sample 1
ELECTION; TENURE. The Class A Managers shall be appointed by the Class A Member and, except as otherwise provided in this Agreement, the Class B Managers shall be appointed by the Class B Member; provided, however, that in the event that Xxx Xxx Xxxxxxxx no longer serves as a Class B Manager due to death, disability, retirement, or any other reason, before the first Facility has been in operation for a full year, Xxxx Xxxxxxxxxxx shall automatically be appointed as the successor Class B Manager, without any action required by the Class B Member. Each Manager shall hold office until a qualified successor has been appointed or until the Manager’s death, resignation, or removal, if sooner. Except as otherwise provided in this Agreement, any Manager may be removed at any time by the Member appointing such Manager in which case, such Member shall promptly appoint a qualified successor Manager of the same class as the removed Manager.
Sample 1

Related to ELECTION; TENURE

  • Election Period The period which begins on the first day of the Plan Year in which the Participant attains age thirty-five (35) and ends on the date of the Participant’s death. If a Participant separates from Service prior to the first day of the Plan Year in which age thirty-five (35) is attained, the Election Period shall begin on the date of separation, with respect to the account balance as of the date of separation.

  • Election The President, the Treasurer and the Secretary shall be elected annually by the Trustees. Other officers, if any, may be elected or appointed by the Trustees at any time. Vacancies in any office may be filled at any time.

  • Election of Board of Directors (a) The holders of Preferred Stock, voting as a single class, shall be entitled to elect three (3) members of the Board at each meeting or pursuant to each consent of the Corporation’s stockholders for the election of directors, and to remove from office such directors and to fill any vacancy caused by the resignation, death or removal of such directors.

  • Section 754 Election In the event of a distribution of the Fund's property to a Member or an assignment or other transfer (including by reason of death) of Units of a Member in the Fund, at the request of a Member, the Board, in its sole and absolute discretion, may cause the Fund to elect, pursuant to Section 754 of the Code, or the corresponding provision of subsequent law, to adjust the basis of the Fund's property as provided by Sections 734 and 743 of the Code.

  • Additional Directors Notwithstanding Articles 13.1 and 13.2, between annual general meetings or unanimous resolutions contemplated by Article 10.2, the directors may appoint one or more additional directors, but the number of additional directors appointed under this Article 14.8 must not at any time exceed:

  • Section 754 Elections The General Partner may elect, pursuant to Section 754 of the Code, to adjust the basis of the Partnership's assets for all transfers of Partnership Interests if such election would benefit any Partner or the Partnership.

  • Election of Director The holders of a majority of the outstanding shares of Class A-1 Preferred Stock shall have the right voting as a class to elect one member of the Company’s board of directors (the “Preferred Director”), including to fill a vacancy as to the Preferred Director. Any Preferred Director may be removed, with or without cause, by the affirmative vote of the holders of a majority of the then outstanding shares of Class A-1 Preferred Stock.

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