Common use of Number and Election of Directors Clause in Contracts

Number and Election of Directors. The Board of Directors --------- -------------------------------- shall consist of not less than one nor more than fifteen members, the exact number of which shall initially be fixed by the Incorporator and thereafter from time to time by the Board of Directors. Except as provided in Section 2 of this Article, directors shall be elected by a plurality of the votes cast at Annual Meetings of Stockholders, and each director so elected shall hold office until the next Annual Meeting and until his successor is duly elected and qualified, or until his earlier resignation or removal. Any director may resign at any time upon notice to the Corporation. Directors need not be stockholders.

Appears in 2 contracts

Samples: Agreement of Merger (Turner Paul H), Agreement of Merger (Simons Stephen W)

AutoNDA by SimpleDocs

Number and Election of Directors. The Board of Directors --------- -------------------------------- shall consist of not less than at least one nor more than fifteen membersmember, the exact number of which shall initially be fixed by the Incorporator and thereafter from time to time by the Board of Directors. Except as provided in Section 2 of this Article3.2, directors shall be elected by a plurality of the votes cast at Annual Meetings the annual meetings of Stockholders, stockholders and each director so elected shall hold office until the next Annual Meeting annual meeting of stockholders and until his such director's successor is duly elected and qualified, or until his such director's earlier death, resignation or removal. Any director may resign at any time upon written notice to the Corporation. Directors need not be stockholders.

Appears in 2 contracts

Samples: TRW Automotive Inc, TRW Automotive Inc

Number and Election of Directors. The Board of Directors --------- -------------------------------- shall consist of not less than one three nor more than fifteen eleven members, with the exact number of which shall initially directors to be fixed by the Incorporator and thereafter determined from time to time by resolution adopted by the Board affirmative vote of Directorsa majority of the directors then in office. Except as provided in Section 2 of this Article, directors shall be elected by a plurality of the votes cast at Annual Meetings annual meetings of Stockholdersstockholders, and each director so elected shall hold office until the next Annual Meeting annual meeting and until his successor is duly elected and qualified, or until his earlier resignation or removal. Any director may resign at any time upon notice to the Corporation. Directors need not be stockholders.

Appears in 1 contract

Samples: Securities Purchase Agreement (Borders Group Inc)

AutoNDA by SimpleDocs

Number and Election of Directors. The Board of Directors --------- -------------------------------- shall consist of not less than one nor more than fifteen six members, the exact number of which shall initially be fixed by the Incorporator and thereafter from time to time by the Board of Directors. Except as provided in Section 2 of this Article, directors shall be elected by a plurality of the votes cast at Annual Meetings of Stockholders, and each director so elected shall hold office until the next Annual Meeting and until his successor is duly elected and qualified, or until his earlier resignation or removal. Any director may resign at any time upon notice to the Corporation. Directors need not be stockholders.

Appears in 1 contract

Samples: Armkel LLC

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