Common use of Powers, Number, Classification and Tenure Clause in Contracts

Powers, Number, Classification and Tenure. (a) The powers of the Company shall be exercised by or under the authority of, and the business and affairs of the Company shall be managed under the direction of, the Board of Directors. Each director shall hold office for the full term for which such director is elected and until such director’s successor shall have been duly elected and qualified or until his earlier death or resignation or removal in accordance with the Articles of Incorporation or these Bylaws.

Appears in 8 contracts

Samples: Plan and Agreement (Human Biosystems Inc), Administrative Services Agreement (Redquartz Atlanta LLC), Administrative Services Agreement (Egpi Firecreek, Inc.)

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Powers, Number, Classification and Tenure. (a) The powers of the Company shall be exercised by or under the authority of, and the business and affairs of the Company shall be managed under the direction of, the Board of Directors. Each director shall hold office for the full term for which such director is elected and until such director’s 's successor shall have been duly elected and qualified or until his earlier death or resignation or removal in accordance with the Articles of Incorporation or these Bylaws.

Appears in 6 contracts

Samples: Plan and Agreement of Merger (Capitol Group Holdings Corp), Plan and Agreement of Merger (Marmion Industries Corp), Plan and Agreement of Merger (Atng Inc)

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