Common use of Number, Election and Term Clause in Contracts

Number, Election and Term. The Board shall initially consist of one (1) member. The number of Managers may be changed from time to time by either the Member or the Board so long as InPhyNet shall be entitled to select one-half (1/2) of the Managers. A Manager shall hold office for one (1) year, or until such time as a successor has been duly elected and qualified.

Appears in 3 contracts

Samples: Operating Agreement (Erie Shores Emergency Physicians, Inc.), Operating Agreement (Erie Shores Emergency Physicians, Inc.), Operating Agreement (Reich Seidelman & Janicki Co)

AutoNDA by SimpleDocs

Number, Election and Term. The Board shall initially consist of one (1) member. manager The number of Managers may be changed from time to time by either the sole Member or the Board so long as InPhyNet shall be entitled to select one-half (1/2) of the Managers. A Manager shall hold office for one (1) year, or until such time as a successor has been duly elected and qualified.

Appears in 1 contract

Samples: Operating Agreement (Erie Shores Emergency Physicians, Inc.)

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