Common use of INITIAL TERMS Clause in Contracts

INITIAL TERMS. Directors elected or appointed in the first year of incorporation shall serve terms as follows: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ (Seat One) - 1 years ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ (Seat Two) - 2 years ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ (Seat Three) - 2 years ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ (Seat Four) - 3 years ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ (Seat Five) - 3 years

Appears in 2 contracts

Sources: Performance Certificate, Performance Certificate