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

Chairman of the Board of Directors. The Board may from time to time (by a majority vote) elect a Chairman from the acting Directors, and decide the period of time he shall hold such an office, and he shall preside at the meetings of the Board of Directors. The Chairman shall preside at every meeting of the Board of Directors, but if there is no such Chairman, or if at any meeting he is not present within fifteen (15) minutes of the time fixed for the meeting, or if he is unwilling to take the chairmanship, the Directors present shall choose one of their number to be the chairman of such meeting. The Chairman shall not have a casting or deciding vote.

Chairman of the Board of Directors. The Board of Directors may from time to time (by a majority vote) elect a one of its members to be the Chairman from the acting Directors, and decide the period of time he shall hold such an office, and he shall preside at the meetings of the Board of Directors, remove such Chairman from office and appoint another in its place. The Chairman of the Board of Directors shall preside at every meeting of the Board of Directors, but if there is no such Chairman, or if at any meeting he is not present within fifteen (15) minutes of the time fixed for the meeting, or if he is unwilling to take the chairmanshipchair, the Directors present shall choose one of their number to be the chairman of such meeting. The office of the Chairman shall not have not, by itself, entitle the holder thereof to a second or casting or deciding vote.

Chairman of the Board of Directors. The Board of Directors may from to time to time (by a majority vote) elect a one of its members to be the Chairman from the acting Directors, and decide the period of time he shall hold such an office, and he shall preside at the meetings of the Board of Directors, remove such Chairman from office and appoint another in his place. The Chairman of the Board of Directors shall preside at every meeting of the Board of Directors, but if there is no such Chairman, or if at any meeting he is not present within fifteen (15) minutes of the time fixed for the meeting, or if he is unwilling to take the chairmanship, the Directors present shall choose one of their number to be the chairman of such meeting. The Chairman of the Board of Directors shall not have a casting or deciding vote.

Chairman of the Board of Directors. 58. The Board of Directors may from time to time (by a majority vote) elect a one of its members to be the Chairman from the acting Directors, and decide the period of time he shall hold such an office, and he shall preside at the meetings of the Board of Directors, remove such Chairman from office and appoint another in its place. The Chairman of the Board of Directors shall preside at every meeting of the Board of Directors, but if there is no such Chairman, or if at any meeting he is not present within fifteen (15) minutes of the time fixed for the meeting, or if he is unwilling refuses to take the chairmanshipso preside, the Directors present shall choose one of their number members to be the chairman of such meeting. The office of Chairman shall not have not, by itself, entitle the holder thereof to vote at any General Meeting nor shall it entitle such holder to a second or casting or deciding vote.