Terms of Directors. The terms of the Board shall be as follows:
Terms of Directors. All directors will serve three-year, staggered terms except the initial term for one of the independent directors shall be two (2) years. Any director elected by an Industry Sector may be removed at any time by the affirmative vote of two-thirds (2/3) of the Members of the Industry Sector selecting such director. An Independent Director may be removed by the affirmative vote of two-thirds of the remaining directors. Any director may be removed by the board of directors for non-attendance of three consecutive board meetings.
Terms of Directors. Each Director will hold office and have the terms and responsibilities accorded to him or her by the terms hereof until resignation, death or removal by the Member.
Terms of Directors. The directors will be divided into three classes. The number of directors in each class shall be as nearly equal as possible. The term of office of the first class will expire at the second annual meeting of Members; the term of office of the second class will expire one year thereafter; and the term of office of the third class two years thereafter. At each annual meeting of Members, directors shall be chosen for a three year term to succeed those whose term expires. No two at-large directors and no two directors of the same Industry Sector shall be in the same class. At least one (1) independent director shall be in each class. Each director shall hold office until (a) the expiration of the term for which he or she was elected and until his or her successor is elected and qualified, or (b) his or her earlier death, resignation or removal. Any director may be removed at any time by the affirmative vote of two-thirds of the Industry Sector or Industry Sectors, as applicable, electing such director. A director may be removed by the Board for non-attendance at three consecutive Board meetings.
Terms of Directors. (a) Voting directors will serve staggered, three-year terms and will be subject to (i) an age limitation prohibiting the election or re-election of any such director unless such director is age seventy (70) or less at the time of such election or re-election, and (ii) a term limit of three consecutive three-year terms. The Nominating Committee may waive the age limit and term limit. Effective Date: 10/15/2019 - Docket #: ER19-2616-000
Terms of Directors. The number of Directors of the Corporation shall be fixed by resolution duly adopted from time to time by the Board of Directors. The Directors, other than those who may be elected by the holders of any series of Undesignated Preferred Stock of the Corporation, shall be classified, with respect to the term for which they severally hold office, into three classes, as nearly equal in number as possible, as provided in this Article VI.3. The initial Class I Directors shall be Xxxxxx X. Xxxxxxxx, Xxxxxxx X. Xxxx and Xxxxx X. Xxxxxxxxxxx. The initial Class II Directors shall be Xxxx X. Xxxxxx, Xxxxxx X. Xxxxxxx and Xxxxxx X. Xxxxx III. The initial Class III Directors shall be Xxxx X. Xxxxxx, Xxxxx X. Xxxxxx and ______________. The initial Class I Directors shall serve for a term expiring at the annual meeting of stockholders to be held following the Corporation's 1999 fiscal year, the initial Class II Directors shall serve for a term expiring at the annual meeting of stockholders to be held following the Corporation's 2000 fiscal year and the initial Class III Directors shall serve for a term expiring at the annual meeting of stockholders to be held following the Corporation's 2001 fiscal year. At each annual meeting of stockholders, the successor or successors of the class of Directors whose term expires at that meeting (other than Directors elected by any series of Undesignated Preferred Stock) shall be elected by a plurality of the votes cast at such meeting and shall hold office for a term expiring at the annual meeting of stockholders held in the third year following the year of their election. The Directors elected to each class (other than Directors elected by any series of Undesignated Preferred Stock) shall hold office until their successors are duly elected and qualified or until their earlier resignation or removal. Notwithstanding the foregoing, whenever, pursuant to the provisions of Article IV of this Second Amended and Restated Certificate of Incorporation, the holders of any one or more series of Undesignated Preferred Stock shall have the right, voting separately as a series or together with holders of other such series, to elect Directors at an annual or special meeting of stockholders, the election, term of office, filling of vacancies and other features of such directorships shall be governed by the terms of this Second Amended and Restated Certificate of Incorporation and any certificate of designations applicable thereto, and such Director...
Terms of Directors. The terms of directors shall be as set forth in the Certificate of Incorporation.
Terms of Directors. The term of each director shall be indefinite or as otherwise determined by the Party appointing that director. A director shall continue to serve after expiration of the director’s term until a successor has been appointed. Each director shall serve at the pleasure of the Party that appointed the director and may be replaced at any time by formal action of the appointing Party. A director shall be deemed to have resigned upon missing three consecutive duly called meetings of the Board, and the Board shall give written notice of such resignation to the Party that appointed such director, which shall appoint a replacement director. Should a Party fail to be represented at three consecutive duly called meetings of the Board through a director or alternative director, the number of directors constituting a quorum and whose votes are required for those actions set for in paragraph (G) of this Article shall be reduced by one until such time as the Party is represented at a Board meeting.
Terms of Directors. The term of each Party Director shall be indefinite or as otherwise determined by the Party appointing that director. A Party Director shall continue to serve after expiration of the Party Director’s term until a successor has been appointed. Each Party Director shall serve at the pleasure of the Party that appointed the Party Director and may be replaced at any time by formal action of the appointing Party. The two directors appointed by the Party Directors shall serve four year terms, except initially one director shall serve a two year term. Upon the expiration of the terms either four year or two year, the Party Directors shall appoint or reappoint a director pursuant to the process described in subsection A. A director shall be deemed to have resigned upon missing three consecutive duly called meetings of the Board. The General Manager shall give written notice of such resignation to the Board, and in the event the director is a Party Director, to the Party that appointed such director. The Party shall appoint a replacement director or alternate director within thirty (30) days of such resignation notice. If a director appointed by the Party Directors has been deemed to have resigned pursuant to this subsection or otherwise resigned or vacated office, the vacancy shall be filled for the unexpired term pursuant to the process described in subsection A.
Terms of Directors. The directors will serve three-year, staggered terms. The terms of the initial directors will be selected by lot at the first meeting of the board of directors. Any director may be removed at any time by the affirmative vote of two-thirds (2/3) of the Members of the Sector selecting such director. A director may be removed by the board of directors for non-attendance of three consecutive board meetings.
