Common use of Tenure and Qualification Clause in Contracts

Tenure and Qualification. Each Representative shall hold office until his or her death, disability, resignation or removal by the Member which designated such Representative. Representatives need not be residents of the State of Delaware.

Appears in 4 contracts

Sources: Series C Preferred Stock Purchase Agreement (Mp3 Com Inc), Series C Preferred Stock Purchase Agreement (Mp3 Com Inc), Series C Preferred Stock Purchase Agreement (Mp3 Com Inc)