Common use of Procedure for Election of Directors Clause in Contracts

Procedure for Election of Directors. Election of directors at all meetings of the stockholders at which directors are to be elected shall be by ballot, and, subject to the rights of the holders of any series of Preferred Stock to elect directors under specified circumstances, a plurality of the votes cast shall elect directors.

Appears in 2 contracts

Samples: Stock Purchase Agreement (CAI International, Inc.), Stock Purchase Agreement (CAI International, Inc.)

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Procedure for Election of Directors. Election of directors at all ----------------------------------- meetings of the stockholders at which directors are to be elected shall may be by written ballot, and, subject to the rights of the holders of any series of Preferred Stock to elect additional directors under specified specific circumstances, directors shall be elected by a plurality of the votes cast at such meetings. Except as otherwise provided by law, the Certificate of Incorporation or these Bylaws, all matters other than the election of directors submitted to the stockholders at any meeting shall elect directorsbe decided by a majority of the votes cast with respect thereto.

Appears in 1 contract

Samples: Plan and Agreement (Houston American Energy Corp)

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