Term of Board Members Sample Clauses

Term of Board Members. The term of office of members of the Board shall be four (4) years which can be extended if the appointing Party so decides. The Chairman of the Board shall be elected from the members appointed by Party A. The Vice Chairman shall be elected from members nominated by Party B.
Sample 1
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Term of Board Members. The term of the non-elected members of the Agency Board shall be three (3) years. The City Council and the Board of County Commissioner appointee members shall be appointed by their respective elected boards. Other appointees may be recommended by their respective organizations and their appointment approved by both the City Council and the Board of County Commissioners. To the extent a vacancy and/or the expiration of a term arises, the City Council and the Board of County Commissioners shall both approve a person to fill the vacancy, with the exception of vacancies in any position held by a member of City Council or the Board of County Commissioners. Any such vacancy in any position held by a member of City Council or the Board of County Commissioners shall be filled by their respective elected bodies. Vacancies shall be filled by the appointing party for the unexpired term of any nonelected member whose term becomes vacant. Any member whose term has expired shall be permitted to serve until a successor is duly appointed, except that under no circumstances shall a City Council or Board of Commissioner who is no longer in elected office be permitted to continue in service.
Sample 1

Related to Term of Board Members

  • Removal of Board Members Each Stockholder also agrees to vote, or cause to be voted, all Shares owned by such Stockholder, or over which such Stockholder has voting control, from time to time and at all times, in whatever manner as shall be necessary to ensure that:

  • Board Membership During the Employment Term, Executive will serve as a member of the Board, subject to any required Board and/or stockholder approval.

  • Initial Directors 2.8 The first directors of Amalco shall be the persons whose name and address appear below: Name Address Xxxxxxxxxxx Xxxxx Xxxxxx 350 – 000 Xxxxxxxxx Xxxxxx, Xxxxxxxxx, XX, X0X 0X0 Such directors shall hold office until the first annual meeting of shareholders of Amalco or until their successors are elected or appointed.

  • Size of Board Each Stockholder agrees to vote, or cause to be voted, all Voting Shares (as defined below) owned by such Stockholder, or over which such Stockholder has voting control, from time to time and at all times, in whatever manner as shall be necessary to ensure that the size of the Company’s Board of Directors (the “Board”) shall be set and remain at five (5) directors.

  • Election of Board of Directors (a) The holders of Preferred Stock, voting as a single class, shall be entitled to elect three (3) members of the Board at each meeting or pursuant to each consent of the Corporation’s stockholders for the election of directors, and to remove from office such directors and to fill any vacancy caused by the resignation, death or removal of such directors.

  • Board Composition and Board Designations The Company shall ensure that: (i) the qualifications of the persons serving as members of the Board of Directors and the overall composition of the Board comply with the Sxxxxxxx-Xxxxx Act, with the Exchange Act and with the listing rules of the Exchange or any other national securities exchange, as the case may be, in the event the Company seeks to have its Public Securities listed on another exchange or quoted on an automated quotation system, and (ii) if applicable, at least one member of the Audit Committee of the Board of Directors qualifies as an “audit committee financial expert,” as such term is defined under Regulation S-K and the listing rules of the Exchange.

  • Associate Directors (A) Any person who has served as a director may be elected by the Board of Directors as an associate director, to serve during the pleasure of the Board.

  • Independent Directors Those Directors who are not “interested persons” of the Company as such term is defined in the 1940 Act.

  • Director Resignations The Company shall use its reasonable best efforts to cause to be delivered to Parent resignations executed by each director of the Company in office as of immediately prior to the Effective Time and effective upon the Effective Time.

  • Composition of Board of Directors (1) Subject to paragraph (2) of this article and paragraph (1) of article 14 the Board shall consist of seven directors as follows—

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