Common use of Chair and Vice Chair; Election and Terms Clause in Contracts

Chair and Vice Chair; Election and Terms. The Board of Directors shall elect from its membership a Chair and Vice Chair for two-year terms commencing upon election and continuing until their duly elected successors take office or until their term as a director expires without re-election. The President of SPP may not serve as the Chairman of the Board of Directors. The Vice Chair shall act for the Chair:

Chair and Vice Chair; Election and Terms. The Board of Directors shall elect from its membership a Chair and Vice Chair for two-year terms commencing upon election and continuing until their duly elected successors take office or until their term as a director expires without re-re- election. The President of SPP may not serve as the Chairman of the Board of Directors. The Vice Chair shall act for the Chair:

Chair and Vice Chair; Election and Terms. The Board of Directors shall elect from its membership a Chair and Vice Chair for two-two- year terms commencing upon election and continuing until their duly elected successors take office or until their term as a director expires without re-election. The President of SPP may not serve as the Chairman of the Board of Directors. The Vice Chair shall act for the Chair: