Common use of Election; Term of Office; Resignation; Removal; Vacancies Clause in Contracts

Election; Term of Office; Resignation; Removal; Vacancies. Each director shall hold office until the next annual meeting of stockholders at which his or her Class stands for election or until such director’s earlier resignation, removal from office, death or incapacity. Unless otherwise provided in the Certificate of Incorporation and subject to the then-applicable terms of the Stockholders’ Agreement, vacancies and newly created directorships resulting from any increase in the authorized number of directors or from any other cause may be filled by a majority of the directors then in office, although less than a quorum, or by a sole remaining director and each director so chosen shall hold office until the next election of the class for which such director shall have been chosen, and until his or her successor shall be elected and qualified, or until such director’s earlier resignation, removal from office, death or incapacity.

Appears in 4 contracts

Samples: Business Combination Agreement (HighPeak Energy, Inc.), Business Combination Agreement (HighPeak Energy, Inc.), Business Combination Agreement (Pure Acquisition Corp.)

AutoNDA by SimpleDocs

Election; Term of Office; Resignation; Removal; Vacancies. Each director Director shall hold office until the next annual meeting of stockholders at which his or her Class class stands for election or until such directorDirector’s earlier resignation, removal from office, death or incapacity. Unless otherwise provided in the Certificate of Incorporation and subject to the then-applicable terms of the Stockholders’ AgreementIncorporation, vacancies and newly created directorships resulting from any increase in the authorized number of directors Directors or from any other cause may be filled by a majority of the directors Directors then in office, although less than a quorum, or by a sole remaining director Director, and each director Director so chosen shall hold office until the next election of the class for which such director Director shall have been chosen, and until his or her successor shall be elected and qualified, or until such directorDirector’s earlier resignation, removal from office, death or incapacity. No decrease in the number of Directors constituting the Board of Directors shall shorten the term of any incumbent Director.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Adit EdTech Acquisition Corp.)

Election; Term of Office; Resignation; Removal; Vacancies. Each director shall hold office until the next annual meeting of stockholders at which his or her Class stands for election or until such director’s 's earlier resignation, removal from office, death or incapacity. Unless otherwise provided in the Certificate of Incorporation and subject to the then-applicable terms of the Stockholders’ AgreementIncorporation, vacancies and newly created directorships resulting from any increase in the authorized number of directors or from any other cause may be filled by a majority of the directors then in office, although less than a quorum, or by a sole remaining director and each director so chosen shall hold office until the next election of the class for which such director shall have been chosen, annual meeting and until his or her such director's successor shall be duly elected and qualifiedshall qualify, or until such director’s 's earlier resignation, removal from office, death or incapacity.

Appears in 1 contract

Samples: Agreement of Merger and Plan of Reorganization (Numbeer, Inc.)

Election; Term of Office; Resignation; Removal; Vacancies. Each director shall hold office until the next annual meeting of stockholders at which his or her Class class stands for election or until such director’s earlier resignation, removal from office, death or incapacity. Unless otherwise provided in the Certificate Articles of Incorporation and subject to the then-applicable terms of the Stockholders’ AgreementIncorporation, vacancies and newly created directorships resulting from any increase in the authorized number of directors or from any other cause may be filled by a majority of the directors then in office, although less than a quorum, or by a sole remaining director and each director so chosen shall hold office until the next election of the class for which such director shall have been chosen, and until his or her successor shall be elected and qualified, or until such director’s earlier resignation, removal from office, death or incapacity.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Goal Acquisitions Corp.)

AutoNDA by SimpleDocs

Election; Term of Office; Resignation; Removal; Vacancies. Each Except as provided for in the Certificate of Designation, each director shall hold office until the next annual meeting of stockholders at which his or her Class stands for election or until such director’s earlier resignation, removal from office, death or incapacity. Unless otherwise provided in the Certificate of Incorporation and subject to or the then-applicable terms Certificate of the Stockholders’ AgreementDesignation, vacancies and newly created directorships resulting from any increase in the authorized number of directors or from any other cause may be filled by a majority of the directors then in office, although less than a quorum, or by a sole remaining director and each director so chosen shall hold office until the next election of the class for which such director shall have been chosen, annual meeting and until his or her such director’s successor shall be duly elected and qualifiedshall qualify, or until such director’s earlier resignation, removal from office, death or incapacity.

Appears in 1 contract

Samples: Securities Purchase Agreement (JetPay Corp)

Election; Term of Office; Resignation; Removal; Vacancies. Each director shall hold office until the next annual meeting of stockholders at which his or her Class stands for election or until time such director’s earlier successor will be elected and qualified; subject, however, to the prior death, resignation, retirement, disqualification or removal of such director from office, death or incapacity. Unless otherwise provided in the Certificate of Incorporation and subject to the then-applicable terms of the Stockholders’ AgreementIncorporation, vacancies and newly created directorships resulting from any increase in the authorized number of directors or from any other cause may be filled by a majority of the directors then in office, although less than a quorum, or by a sole remaining director and each director so chosen shall hold office until the next election of the class for which such director shall have been chosen, annual meeting and until his or her such director’s successor shall be duly elected and qualifiedshall qualify, or until such director’s earlier death, resignation, retirement, disqualification or removal from office, death or incapacity.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Ram Energy Resources Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.