Filling Director Vacancies and Replacement of Nominees Sample Clauses

Filling Director Vacancies and Replacement of Nominees. The parties agree that while they were alive and mentally competent, that each will be the Directors of the Corporation. If either party becomes mentally incompetent or dies, then the personal representative may nominate another person to the Board of Directors, subject to the other terms and conditions of the within Agreement.
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Filling Director Vacancies and Replacement of Nominees. Subject to Subsection 2.4(d), if any vacancy occurs in the Board, such vacancy shall be filled by a person nominated by the Shareholder who originally nominated the vacating Director. Subject to Subsection 2.4(d), a Director may be replaced at any time by the Shareholder who nominated such Director, and in each case such replacement Director shall be approved by the other Shareholders.
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Filling Director Vacancies and Replacement of Nominees. If a Director ceases to be a member of the Board for any reason (including, by reason of death, resignation or retirement of such Director), the Shareholder that appointed that former Director shall forthwith notify the Corporation, the Service Manager and the other Shareholder of its new appointee to the Board, and the Corporation and the Shareholders shall execute all such resolutions or other documents and do such other acts and things as the Corporation or such appointing party, acting reasonably, may request for the purpose of appointing such appointee to the Board. If a Shareholder wishes to replace one or more of the Directors appointed by it from time to time, the Shareholder that appointed the Director being replaced shall forthwith notify the Corporation and the other Shareholder of its new appointee to the Board, and the Corporation and each Shareholder shall execute all such resolutions or other documents and do all such other acts and things as the Corporation or such appointing party, acting reasonably, may request for the purpose of effecting any such replacement.
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Related to Filling Director Vacancies and Replacement of Nominees

  • VACANCIES AND NEW POSITIONS 17.01 The Gallery shall post notice of permanent and temporary job vacancies subject to Article 4 – Temporary Full-Time Employees for a period of seven (7) calendar days before any such job is filled. Probationary employees shall not be entitled to apply for posted vacancies. It is agreed that the Gallery will not interview external applicants until applications from existing employees have been reviewed and bargaining unit employees who are qualified in the opinion of the Gallery have been interviewed. Further, the Gallery will notify existing applicants in writing once the successful application is selected.

  • Election and Removal of Directors Upon election by the Member, each Director shall hold office until his or her death, disability, resignation or removal at any time at the pleasure of the Member. If a vacancy occurs on the Board, the Member shall, as soon as practicable after the occurrence of such vacancy, elect a successor so that the Board remains fully constituted at all times.

  • Removal of Directors Unless otherwise restricted by law, any Director or the entire Board of Directors may be removed or expelled, with or without cause, at any time by the Member, and, subject to Section 10, any vacancy caused by any such removal or expulsion may be filled by action of the Member.

  • Appointment and Removal of Directors The Directors shall be appointed and may be removed as follows:

  • Removal of Board Members Each Stockholder also agrees to vote, or cause to be voted, all Shares owned by such Stockholder, or over which such Stockholder has voting control, from time to time and at all times, in whatever manner as shall be necessary to ensure that:

  • Vacancies and Appointment of Trustees In case of the declination to serve, death, resignation, retirement or removal of a Trustee, or a Trustee is otherwise unable to serve, or an increase in the number of Trustees, a vacancy shall occur. Whenever a vacancy in the Board of Trustees shall occur, until such vacancy is filled, the other Trustees shall have all the powers hereunder and the certification of the other Trustees of such vacancy shall be conclusive. In the case of an existing vacancy, the remaining Trustees may fill such vacancy by appointing such other person as they in their discretion shall see fit, or may leave such vacancy unfilled or may reduce the number of Trustees to not less than two (2)

  • Appointment of Directors The Directors shall be appointed as follows:

  • Board Composition and Board Designations The Company shall ensure that: (i) the qualifications of the persons serving as members of the Board of Directors and the overall composition of the Board comply with the Sxxxxxxx-Xxxxx Act, with the Exchange Act and with the listing rules of the Exchange or any other national securities exchange, as the case may be, in the event the Company seeks to have its Public Securities listed on another exchange or quoted on an automated quotation system, and (ii) if applicable, at least one member of the Audit Committee of the Board of Directors qualifies as an “audit committee financial expert,” as such term is defined under Regulation S-K and the listing rules of the Exchange.

  • Vacancies and Newly Created Directorships If any vacancies shall occur in the Board of Directors, by reason of death, resignation, removal or otherwise, or if the authorized number of Directors shall be increased, the Directors then in office shall continue to act, and such vacancies and newly created directorships may be filled by a majority of the Directors then in office, although less than a quorum. A Director elected to fill a vacancy or a newly created directorship shall hold office until his or her successor has been elected and qualified or until his or her earlier death, resignation or removal. Any such vacancy or newly created directorship may also be filled at any time by vote of the stockholders.

  • Removal; Vacancies Any Manager may be removed either for or without cause by the Member. Any vacancy occurring in the Company Board shall be filled by the Member.

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