Common use of Terms of Directors Clause in Contracts

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. 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 director may be removed by the board of directors for non-attendance of three consecutive board meetings.