Number, Tenure and Qualification. The initial Manager shall be The Check Giant, LLC. The Check Giant shall remain the Manager until such time as it shall resign as Manager, the Company is dissolved or it is removed in accordance with Section 4.4 hereof. At any time during which the Manager shall not be serving as a Manager, its respective successor shall be elected by the Members holding a majority of the interest(s) of the Company, and each successor Manager shall hold office until such person’s successor shall have been elected and qualified. A successor Manager need not be a Member of the Company.
Number, Tenure and Qualification. The Management Team shall consist -------------------------------- of four (4) members. MidSouth shall designate, in its sole discretion, two (2) members of the Management Team. The Practice shall designate, in the Practice's sole discretion, two (2) members of the Management Team. One of MidSouth's designees shall be the Management Team Chief Executive; provided, however, that MidSouth may replace the Management Team Chief Executive, in its sole discretion, as one of its Management Team designees if MidSouth institutes disciplinary measures against the Management Team Chief Executive arising out of his employment by MidSouth. The initial Management Team shall be chosen at the time of the closing of the Merger. Thereafter, the respective Management Team members shall be chosen at such time and in such manner as shall be determined by the respective party making the appointment.
Number, Tenure and Qualification. (a) The Management Board shall consist of eight (8) Board Members. Each of BG Affiliate Group and EXCO Affiliate Group shall be entitled to appoint four (4) Board Members and three (3) alternate Board Members. Each of (i) the Board Members of the BG Affiliate Group and (ii) the Board Members of the EXCO Affiliate Group shall be referred to as a separate group (each a “Group”) such that the Management Board shall be comprised of at least two different Groups of Board Members. The Board Members appointed by a Member, or in any absence of such Board Member, any alternate appointed by such Member, shall be authorized to represent and bind such Member with respect to any matter which is within the powers of the Management Board and is properly brought before the Management Board. Each alternate Board Member shall be entitled to attend Management Board meetings. The Board Members and alternate Board Members may also bring to any Management Board meetings such advisors as they may deem appropriate. Each Affiliated Member Group shall appoint its initial Board Members and alternate Board Members by notice to the other Members on or prior to the first meeting of the Management Board or the first required vote of the Management Board. All actions of a Member with respect to a Management Board shall be taken through its Board Members or alternate Board Members.
Number, Tenure and Qualification. The number of directors which shall constitute the whole Board shall be thirteen (13) until such time as the Board, in its sole discretion, shall reduce the number of directors to eleven (11). [Amended March 14, 2003]
Number, Tenure and Qualification. (a) The Board initially shall consist of four (4) Directors, with two (2) Directors appointed by each of the Initial Members for so long as they are Members. Each Member shall also be entitled to designate one Person (each, a “Board Alternate”) to act as such Member’s alternate Director in the absence of one of such Member’s designated Director. The right to appoint the Chairman of the Board (the “Chairman”) shall alternate among the Members, with PBF Member having the initial right to appoint the Chairman. The Chairman shall serve for a term equal to the lesser of (x) [three (3)] years or (y) as long as the Member (or one of its Controlled Affiliates) who appointed such Chairman remains a Member. Each Director may bring to any Board meetings such observers and advisors as it may deem appropriate; provided that (i) each such observer and advisor acknowledges and agrees that any information received by such Person shall only be used for the purpose of evaluating the matters discussed at such meeting or advising a Member with respect to its rights and obligations hereunder, and (ii) such Persons are bound by confidentiality obligations at least as stringent as those set forth in Section 15.9, the Members understanding and agreeing, however, that each Member shall be responsible for any breach of such confidentiality obligations by its respective observers and advisors, and further, that each Member will, at its own expense, restrain its respective observers and advisors from prohibited or unauthorized disclosure of such information. The initial Directors designated by the Members are set forth on Appendix IV.
Number, Tenure and Qualification. The number of Directors of the Corporation initially shall be three (3). The number of Directors may be increased or decreased from time to time by amendment of these bylaws, provided that the Corporation shall always have at least one (1) director. Any increase in the number of Directors shall be effective immediately. Any decrease in the number of Directors shall be effective at the time of the next succeeding annual meeting of the Shareholders unless there shall be vacancies on the Board, in which case such decrease may become effective at any time prior to the next succeeding annual meeting to the extent of the number of vacancies. Except as otherwise provided by statute, the Directors shall be elected at the annual meeting of Shareholders and, at each meeting of Shareholders for the election of Directors at which a quorum is present, the persons receiving a plurality of the votes cast at such election shall be elected as Directors. Each initial director shall hold office until the first shareholders' meeting at which Directors are elected. Thereafter, each director shall hold office until the next annual meeting of shareholders and until his successor is elected and qualified or until his earlier resignation, death, or removal from office.
Number, Tenure and Qualification. The number of directors of the corporation shall be fixed from time to time by resolution of the Board of Directors, but in no instance shall there be less than one director or that number otherwise required by law. Each director shall hold office until the next annual meeting of shareholders or until his successor shall have been elected and qualified. Directors need not be residents of the State of Nevada or shareholders of the corporation.
Number, Tenure and Qualification. The number of directors which shall constitute the whole Board shall be eleven (11). [Amended May 14, 1999, May 25, 2000, February 16, 2001, September 24, 2002, February 10, March 14, May 16 and December 5, 2003] Section 2.01 of the Governance Agreement sets forth certain provisions regarding the number, tenure and qualification of directors, which provisions are incorporated herein and made a part of these Bylaws. Subject to said Section 2.01 and except as otherwise provided in Section 3.2 of this Article III, the number of directors shall be determined by resolution of the Board of Directors or by the stockholders at the annual meeting of the stockholders, and each director elected shall hold office until his or her successor is elected and qualified or until his earlier resignation, removal from office, death or incapacity. Directors need not be stockholders.
Number, Tenure and Qualification. The number of directors which shall constitute the whole Board shall be eleven (11). Section 2.01 of the Governance Agreement sets forth certain provisions regarding the number, tenure and qualification of directors, which provisions are incorporated herein and made a part of these Bylaws. Subject to said Section 2.01 and except as otherwise provided in Section 3.2 of this Article III, the number of directors shall be determined by resolution of the Board of Directors or by the stockholders at the annual meeting of the stockholders, and each director elected shall hold office until his or her successor is elected and qualified or until his earlier resignation, removal from office, death or incapacity. Directors need not be stockholders. [Amended as of September 24, 2002]
Number, Tenure and Qualification. The number of directors which shall constitute the whole Board shall be twelve (12) until such time as the Board, in its sole discretion, shall reduce the number of directors to eleven (11). [Amended May 14, 1999, May 25, 2000, February 16, 2001, September 24, 2002, February 10, March 14 and May 16, 2003] Section 2.01 of the Governance Agreement sets forth certain provisions regarding the number, tenure and qualification of directors, which provisions are incorporated herein and made a part of these Bylaws. Subject to said Section 2.01 and except as otherwise provided in Section 3.2 of this Article III, the number of directors shall be determined by resolution of the Board of Directors or by the stockholders at the annual meeting of the stockholders, and each director elected shall hold office until his or her successor is elected and qualified or until his earlier resignation, removal from office, death or incapacity. Directors need not be stockholders.
