Common use of Initial Board Clause in Contracts

Initial Board. The Board of Directors is comprised of the seven following individuals: I. Jxxxxx Xxxxxxx, C. Sxxx Xxx, Jxxxx X. Xxxxxxxxxxx, D. Exxxxx Xxxxx, Txx Xxxxxxx, Mxxx X. Xxxxxxx and Hxxxxx X. Xxxxxxx (each, an “Initial Director” and, collectively, the “Initial Board”). Each Initial Director shall hold office until his successor is elected or appointed and qualified, or until his or her earlier death, resignation or removal in accordance with this Article 6. The Initial Board shall have all of the powers and authorities accorded to the Board of Directors, and each Initial Director shall have all of the powers and authorities accorded the directors of the Company under the terms of this Agreement.

Initial Board. The Board of Directors is comprised of the seven following individuals: I. Jxxxxx Xxxxxx Xxxxxxx, C. Sxxx Xxxx Xxx, Jxxxx Xxxxx X. Xxxxxxxxxxx, D. Exxxxx Xxxxxx Xxxxx, Txx Xxx Xxxxxxx, Mxxx Xxxx X. Xxxxxxx and Hxxxxx Xxxxxx X. Xxxxxxx (each, an “Initial Director” and, collectively, the “Initial Board”). Each Initial Director shall hold office until his successor is elected or appointed and qualified, or until his or her earlier death, resignation or removal in accordance with this Article 6. The Initial Board shall have all of the powers and authorities accorded to the Board of Directors, and each Initial Director shall have all of the powers and authorities accorded the directors of the Company under the terms of this Agreement.

Initial Board. The initial Board of Directors is comprised of the seven eight (8) following individuals: I. Jxxxxx XxxxxxxXxxxxx X. Xxxxxx, C. Sxxx XxxXxxxxx X. Xxxxxx, Jxxxx Xxxxxxx X. Xxxxxxxxxxx, D. Exxxxx Xxxxx, Txx XxxxxxxXxxxxxx X. Xxxxx, Mxxx Xxxxxx X. Xxxxxxx and Hxxxxx Xxxxxx, Xxxxx X. Xxxxxxx X. Xxxx, Xxxxxx X. Xxxxxxxx, Xxxx X. Xxxx (each, an “Initial Director” and, collectively, the “Initial Board”). Each Initial Director shall hold office until his successor is elected or appointed and qualified, or until his or her earlier death, resignation or removal in accordance with this Article 6VI. The Initial Board shall have all of the powers and authorities accorded to the Board of Directors, and each Initial Director shall have all of the powers and authorities accorded the directors of the Company under the terms of this Agreement.