Common use of Newly Created Directorships and Vacancies Clause in Contracts

Newly Created Directorships and Vacancies. Any newly created directorships resulting from an increase in the authorized number of directors and any vacancies occurring in the Board of Directors, maybe filled by the affirmative votes of a majority of the remaining members of the Board of Directors, although less than a quorum. A director so elected shall be elected to hold office until the earlier of the expiration of the term of office of the director whom he or she has replaced, a successor is duly elected and qualified or the earlier of such director’s death, resignation or removal.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Fuller Max L), Agreement and Plan of Merger (Knight-Swift Transportation Holdings Inc.), Agreement and Plan of Merger (Us Xpress Enterprises Inc)

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Newly Created Directorships and Vacancies. Any newly Newly created directorships resulting from an any increase in the authorized number of directors Directors and any vacancies occurring in on the Board of Directorsresulting from death, maybe resignation, disqualification, removal, or other cause will be filled solely by the affirmative votes vote of a majority of the remaining members of the Board of DirectorsDirectors then in office, although even though less than a quorum. A director so elected shall be elected to hold office until the earlier quorum of the expiration of the term of office of the director whom he Board, or she has replaced, by a successor is duly elected and qualified or the earlier of such director’s death, resignation or removal.sole remaining Director. Any Director

Appears in 2 contracts

Samples: Physicians Clinical Laboratory Inc, Nu Tech Bio Med Inc

Newly Created Directorships and Vacancies. Any newly Newly created directorships resulting from an any increase in the authorized number of directors and or any vacancies occurring in the Board of DirectorsDirectors resulting from death, maybe resignation, retirement, disqualification, removal from office or other cause shall be filled by the affirmative votes of a majority vote of the remaining members of the Board of Directorsdirectors then in office, although though less than a quorum. A director , and directors so elected chosen shall be elected to hold office until for a term expiring at the earlier next Annual Meeting of the expiration of the term of office of the director whom he or she has replaced, a successor is duly elected and qualified or the earlier of such director’s death, resignation or removalStockholders.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Andrew Corp), Agreement and Plan of Merger (Allen Telecom Inc)

Newly Created Directorships and Vacancies. Any newly Newly created directorships resulting from an increase in the authorized number of directors and any vacancies occurring in on the Board resulting from death, resignation, retirement, disqualification, removal or other cause may be filled solely by a majority vote of Directors, maybe filled the remaining directors then in office or by the affirmative votes holders of a majority of the remaining members outstanding shares of the Board of Directors, although less than a quorum. Class A Common Stock and any director so elected chosen shall be elected to hold office until the earlier next annual meeting of the expiration of the term of office of the director whom he or she has replacedstockholders, a successor is duly elected and qualified or the earlier of subject, however, to such director’s earlier death, resignation resignation, retirement, disqualification or removal.

Appears in 2 contracts

Samples: Business Combination Agreement (Terrapin 3 Acquisition Corp), Business Combination Agreement (Terrapin 3 Acquisition Corp)

Newly Created Directorships and Vacancies. Any newly created directorships resulting from an increase in the authorized number of directors and any vacancies occurring in the Board of Directors, maybe may be filled by the affirmative votes vote of a majority of the remaining members of the Board of Directors, although less than a quorum, or by a sole remaining director. A director so elected shall be elected to hold office until the earlier of the expiration of the term of office of the director whom he or she has replaced, a successor is duly elected and qualified qualified, or the earlier of such director’s 's death, resignation or removal.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Neenah Inc), Agreement and Plan of Merger (Sportsman's Warehouse Holdings, Inc.)

Newly Created Directorships and Vacancies. Any newly created directorships resulting from an increase in the authorized number of directors and any vacancies occurring in the Board of Directors, maybe shall be filled solely by the affirmative votes of a majority of the remaining members of the Board of Directors, although less than a quorum, or by a sole remaining director. A director so elected shall be elected to hold office until the earlier of the expiration of the term of office of the director whom he or she has replaced, a successor is duly elected and qualified or the earlier of such director’s death, resignation or removal.

Appears in 1 contract

Samples: Registration Rights Agreement (Monterey Capital Acquisition Corp)

Newly Created Directorships and Vacancies. Any newly created directorships resulting from an increase in the authorized number of directors and any vacancies occurring in the Board of Directors, maybe may be filled by the affirmative votes of a majority of the remaining members of the Board of Directors, although less than a quorum. A director so elected shall be elected to hold office until the earlier of the expiration of the term of office of the director whom he or she has replaced, a successor is duly elected and qualified or the earlier of such director’s death, resignation or removal.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Buckeye Technologies Inc)

Newly Created Directorships and Vacancies. Any newly created directorships resulting from an increase in the authorized number of directors and any vacancies occurring in the Board of Directors, maybe may be filled by the affirmative votes of a majority of the remaining members of the Board of Directors, although less than a quorum, or by a sole remaining director. A director so elected shall be elected to hold office until the earlier of the expiration of the term of office of the director whom he or she has replaced, a successor is duly elected and qualified or the earlier of such director’s 's death, resignation or removal.

Appears in 1 contract

Samples: Stockholders Agreement

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Newly Created Directorships and Vacancies. Any newly created directorships resulting from an increase in the authorized number of directors and any vacancies occurring in the Board of Directors, maybe may be filled by the affirmative votes of a majority of the remaining members of the Board of Directors, although less than a quorum, or by a sole remaining director. A director so elected shall be elected to hold office until the earlier of the expiration of the term of office of the director whom he or she has replacedreplaced or the vacancy he or she is filling, a successor is duly elected and qualified or the earlier of such director’s 's death, resignation or removal.. 

Appears in 1 contract

Samples: Electronic Tracking Agreement (Century Communities, Inc.)

Newly Created Directorships and Vacancies. Any newly created directorships resulting from an increase in the authorized number of directors and any vacancies occurring in the Board of Directors, maybe shall be filled by the affirmative votes of a majority of the remaining members of the Board of Directors, although less than a quorum, or by a sole remaining director. A director so elected shall be elected to hold office until the earlier of the expiration of the term of office of the director whom he or she has replaced, a successor is duly elected and qualified qualified, or the earlier of such director’s death, resignation or removal.

Appears in 1 contract

Samples: Business Combination Agreement and Plan of Reorganization (Decarbonization Plus Acquisition Corp)

Newly Created Directorships and Vacancies. Any newly created directorships resulting from an increase in the authorized number of directors and Directors or any vacancies occurring in the Board of Directors, maybe may be filled by the affirmative votes vote of a majority of the remaining members of the Board of DirectorsBoard, although less than a quorum. A director Director so elected shall be elected to hold office until the earlier of the expiration of the term of office of the director Director whom he or she has replaced, election and qualification of a successor is duly elected and qualified or the earlier of such directorpredecessor Director’s death, resignation or removal.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Churchill Capital Corp II)

Newly Created Directorships and Vacancies. Any newly created directorships resulting from an increase in the authorized number of directors and any vacancies occurring in the Board of Directors, maybe may be filled by the affirmative votes of a majority of the remaining members of the Board of Directors, although less than a quorum, or by a sole remaining director. A director so elected shall be elected to hold office until the earlier of the expiration of the term of office of the director whom he or she has replaced, a successor is duly elected and qualified or the earlier of such director’s death, resignation or removal.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Uqm Technologies Inc)

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