Common use of Vice Chairman of the Board of Directors Clause in Contracts

Vice Chairman of the Board of Directors. The Board of Directors may elect a Vice-Chairman of the Board of Directors. In the absence of the Chairman, or in the event of the Chairman’s inability or refusal to act, the Vice-Chairman shall preside at all meetings of the Board of Directors and otherwise perform the duties of the Chairman and, when so acting, shall have all the powers of and be subject to all the restrictions upon the Chairman.

Vice Chairman of the Board of Directors. The Vice --------------------------------------- Chairman of the Board of Directors may elect of the Corporation shall be a Vice-Director and shall, in the absence of the Chairman of the Board of Directors. In the absence of the Chairman, or in the event of the Chairman’s inability or refusal to actpreside, the Vice-Chairman shall preside when present, at all meetings of the Board of Directors Directors, and otherwise perform the duties of the Chairman and, when so acting, shall have all such powers and perform such duties as may from time to time be assigned to him by the powers Board of and be subject to all the restrictions upon Directors or the Chairman.