Common use of Quorum; Alternates; Participation in Meetings By Conference Telephone Permitted; Vote Required for Action Clause in Contracts

Quorum; Alternates; Participation in Meetings By Conference Telephone Permitted; Vote Required for Action. (a) Except as hereinafter provided, presence of a majority of the number of Directors then in office constitutes a quorum for the transaction of business at a meeting of the Board of Directors. A meeting at which a quorum is initially present may continue to transact business notwithstanding the withdrawal of Directors. If the meeting is adjourned for more than 24 hours, notice of any adjournment to another time or place (other than adjournments until the time fixed for the next regular meeting of the Board of Directors, as to which no notice is required) shall be given prior to the time of the adjourned meeting to the Directors who were not present at the time of the adjournment.