Number and Term. The number of directors may be fixed from time to time by resolution of the Board of Directors adopted by the affirmative vote of a majority of the members of the entire Board of Directors, but shall consist of not less than one (1) member who shall be elected annually by the Stockholders except as provided in Section 3.4. Directors need not be Stockholders. No decrease in the number of directors shall have the effect of shortening the term of office of any incumbent director.
Number and Term. The business and affairs of the Corporation shall be managed under the direction of a Board of Directors which shall consist of not less than one person. The exact number of directors shall initially be eleven and may thereafter be fixed from time to time by the Board of Directors. Directors shall be elected at the annual meeting of stockholders and each director shall be elected to serve until his or her successor shall be elected and shall qualify. A director need not be a stockholder.
Number and Term. The board of directors shall have authority to (i) determine the number of directors to constitute the board and (ii) fix the terms of office of the directors.
Number and Term. The number of directors of the Company shall be such number as shall be designated from time to time by resolution of the Board and initially shall be one (1). Each director (including any interim director chosen by the Board in accordance with Section 3 of this Article V) shall be a natural person and a majority of the directors (including any such interim director) constituting the Board at any time and from time to time must have their primary residences in the United States of America. The directors shall be elected at the annual meeting of the Shareholders, except as provided in Section 3 of this Article V. Xxxxx Xxxxxx Xxx is hereby elected as the initial director. Each director elected shall hold office for a term of one year and shall serve until his/her successor is elected and qualified or until his/her death, resignation or removal. Any director may be removed from the Board at any time by the vote of the holders of a majority of the Shares then outstanding.
Number and Term. The Board of Managers shall consist of a number of Managers determined by a Majority Interest from time to time; provided; that the Board of Managers may not consists of less than three Managers. Managers need not be Members. Except as otherwise provided in Section 5.2(d), each Manager shall be elected at the annual meeting of the Members, and the individuals receiving the most votes at such meeting shall be elected. No decrease in the number of Managers shall have the effect of shortening the term of office of any incumbent Manager.
Number and Term. The officers of the Board shall be the Chair, the Vice- Chair and the Secretary, each of whom shall be elected from among the members of the Board by vote of the Board at an Annual Meeting of the Board to serve for the following two calendar years. Each of the officers shall be a representative of a different Member Agency. Officers shall be elected for a two-year term, with a possible second term available. In no event shall a person hold one specific officer position for more than two (2) consecutive terms. Provided, however, that an officer chosen to fill a vacancy shall be entitled to serve two (2) full consecutive terms after completion of the term filling the vacancy.
Number and Term. The number of directors which shall constitute the whole board of directors shall be no less than one nor more than thirteen, as determined initially by the incorporator and, after the issuance of stock, by resolution of the board of directors or by the stockholders at the annual or any special meeting. Except as provided in Section 3.02, each director elected shall hold office until his successor is elected and qualified. Directors shall be at least eighteen years of age and need not be residents of the State of Delaware nor stockholders of the Company. The directors, other than the first board of directors, shall be determined by resolution of the board of directors or by the stockholders at the annual meeting, except as hereinafter provided. Each director shall hold office until his successor shall have been elected and qualified or until his earlier resignation or removal.
Number and Term. The Board of Directors shall consist of not fewer than three, nor more than twelve Directors, as specified by resolution of the majority of the entire Board of Directors, provided that at least 40% of the entire Board of Directors shall be persons who are not interested persons of the Corporation as defined in the 1940 Act. Beginning with the first annual meeting of the stockholders held after the initial public offering of the shares of the Fund, the Directors shall be divided into three classes, and shall be designated as Class I, Class II and Class III Directors, respectively. The Class I Directors elected at such initial annual meeting shall serve for a term of office expiring at the next succeeding annual stockholders meeting following such initial annual meeting. The Class II Directors elected at such initial annual meeting shall serve for a term of office expiring at the second succeeding annual stockholders meeting following such initial annual meeting. The Class III Directors elected at such initial annual meeting shall serve for a term of office expiring at the third succeeding annual stockholders meeting following such initial annual meeting. After expiration of the terms of office specified for the Directors elected at such initial annual meeting, the Directors of each class shall serve for terms of three (3) years, or, when filling a vacancy, for the unexpired portion of such term and until their successors are elected and have qualified. If the number of Directors is changed, any increase or decrease shall be apportioned among the classes by the Board of Directors so as to maintain the number of Directors in each class as nearly as possible, but in no event shall a decrease in the number of Directors shorten the term of any incumbent Director.
Number and Term. 9 Section 3.5. Director Nominations........................................11 Section 3.6. Election....................................................13 Section 3.7. Vacancies and Newly Created Directorships...................13 Section 3.8. Removal ....................................................14 Section 3.9. Annual and Regular Meetings.................................14 Section 3.10. Special Meetings...........................................15 Section 3.11.
Number and Term. (a) The Board of Directors shall consist of not less than seven nor more than 25 members, such number of Directors to be determined from time to time by resolution adopted by a vote of a majority of the Directors then in office." TO THE MERGER AGREEMENT COMMITTEES OF THE BOARD OF DIRECTORS OF THE SURVIVING CORPORATION The following sets forth certain agreements between Dime Bancorp, Inc. ("Dime") and Xxxxxx United Bancorp ("Xxxxxx") as to the composition of board committees of the Surviving Corporation (as that term is defined in the Agreement and Plan of Merger between Dime and Xxxxxx, dated as of September 15, 1999). The committees described below are to be made up of Continuing Directors (as defined in the Agreement and Plan of Merger)
