Common use of Titles and Election Clause in Contracts

Titles and Election. The officers of the corporation shall be comprised of a chief executive officer, a president, a secretary and a treasurer, who shall initially be elected as soon as convenient by the Board and thereafter, in the absence of earlier resignations or removals, shall be elected at the first meeting of the Board following each annual stockholders’ meeting, each of whom shall hold office at the pleasure of the Board except as may otherwise be approved by the Board or the executive committee, or until their earlier death, resignation, removal under these By-Laws or other termination of their employment. Any person may hold more than one office if the duties can be consistently performed by the same person, and to the extent permitted by the DGCL. Subject to the terms of the Certificate of Incorporation or any stockholders agreement to which the corporation is a party, the Board, in its discretion, may also at any time elect or appoint a chairman of the Board, who shall be a director, and one or more vice presidents, assistant secretaries and assistant treasurers and such other officers as it may deem advisable, each of whom shall hold office at the pleasure of the Board, except as may otherwise be approved by the Board or the executive committee, or until their earlier death, resignation, removal or other termination of employment as shall be prescribed or determined by the chief executive officer. The Board may require any officer or other employee or agent to give bond for the faithful performance of his duties in such form and with such sureties as the Board may require.

Appears in 2 contracts

Samples: Note Purchase Agreement (Aegerion Pharmaceuticals, Inc.), Note Purchase Agreement (Aegerion Pharmaceuticals, Inc.)

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Titles and Election. The officers of the corporation shall be comprised of a chief executive officer, a president, a secretary and a treasurer, who shall initially be elected as soon as convenient by the Board board of directors and thereafter, in the absence of earlier resignations or removals, shall be elected at the first meeting of the Board board following each any annual stockholders' meeting, each of whom shall hold office at the pleasure of the Board board except as may otherwise be approved by the Board board or the executive committee, or until their his earlier death, resignation, removal under these By-Laws or other termination of their his employment. Any person may hold more than one office if the duties can be consistently performed by the same person, and to the extent permitted by the DGCLlaws of Delaware. Subject to the terms The board of the Certificate of Incorporation or any stockholders agreement to which the corporation is a party, the Boarddirectors, in its discretion, may also at any time elect or appoint a chairman of the Board, board of directors who shall be a director, and one or more vice presidents, assistant secretaries and assistant treasurers and such other officers as it may deem advisable, each of whom shall hold office at the pleasure of the Boardboard, except as may otherwise be approved by the Board board or the executive committee, or until their his earlier death, resignation, removal or other termination of employment employment, and shall have such authority and shall perform such duties as shall may be prescribed or determined from time to time by the board or in case of officers other than the chairman of the board, it not so prescribed or determined by the chief board, as the president or the then senior executive officerofficer may prescribe or determine. The Board board of directors may require any officer or other employee or agent to give bond for the faithful performance of his duties in such form and with such sureties as the Board board may require.

Appears in 1 contract

Samples: Employment and Severance Agreement

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Titles and Election. The officers of the corporation shall be comprised of a chief executive officer, a president, a secretary and a treasurer, who shall initially be elected as soon as convenient by the Board and thereafter, in the absence of earlier resignations or removals, shall be elected at the first meeting of the Board following each annual stockholders’ meeting, each of whom shall hold office at the pleasure of the Board except as may otherwise be approved by the Board or the executive committee, or until their earlier death, resignation, removal under these By-Laws or other termination of their employment. Any person may hold more than one office if the duties can be consistently performed by the same person, and to the extent permitted by the DGCL. Subject to the terms of the Certificate of Incorporation or any stockholders agreement to which the corporation is a party, the Board, in its discretion, may also at any time elect or appoint a chairman of the Board, who shall be a director, and one or more vice presidents, assistant secretaries and assistant treasurers and such other officers as it may deem advisable, each of whom shall hold office at the pleasure of the Board, except as may otherwise be approved by the Board or the executive committee, committee or until their earlier death, resignation, removal or other termination of or employment as shall be prescribed or determined by the chief executive officer. The Board may require any officer or other employee or agent to give bond for the faithful performance of his duties in such form and with such sureties as the Board may require.

Appears in 1 contract

Samples: Master Security Agreement (Tengion Inc)

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