Common use of APPOINTMENT OF ADDITIONAL DIRECTORS Clause in Contracts

APPOINTMENT OF ADDITIONAL DIRECTORS. If the Articles of the Corporation so provide, the Directors may, within the maximum number permitted by the Articles, appoint one or more additional Directors, who shall hold office for a term expiring not later than the close of the next annual meeting of the shareholders, but the total number of Directors so appointed may not exceed one third of the number of Directors elected at the previous annual meeting of shareholders.

APPOINTMENT OF ADDITIONAL DIRECTORS. If the Articles articles of the Corporation so provide, the Directors directors may, within the maximum number permitted by the Articlesarticles, appoint one or more additional Directorsdirectors, who shall hold office for a term expiring not later than the close of the next annual meeting of the shareholders, but the total number of Directors directors so appointed may not exceed one third of the number of Directors directors elected at the previous annual meeting of shareholders.