Election and Removal of Officers Sample Clauses
Election and Removal of Officers. All officers shall serve two-year terms. The election shall be conducted at the first meeting of the fiscal year. Officers shall remain in office until their successors have been selected. Officers may serve consecutive terms without limit. The election of officers shall be by majority vote of the Members of the Committee attending the meeting.
Election and Removal of Officers. Subject to the other provisions of this Article 6, the Management Board may elect or appoint other Officers or agents of the Company, with such titles, duties, and authority as they shall designate. Subject to the other provisions of this Article 6, and to any other limitations that the Management Board may impose, the President may delegate authority and appoint other Officers and agents of the Company, with such titles, duties, and authority as the President shall designate. The President, at any time, may remove or terminate the authority of any Officer or agent that was appointed by the President. The Management Board may at any time remove or terminate the authority of any Officer or agent, whether elected or appointed by the Management Board or the President.
Election and Removal of Officers. The election or appointment of any officer of the Company or the removal of any officer from office with or without cause or the alteration of any of their duties.
Election and Removal of Officers. The Board shall elect and may remove at their discretion the officers of the Corporation and shall appoint or employ such agents and employees as they deem advisable and remove the same at the Board’s discretion. Each officer elected by the Board shall hold office until the first meeting of the Board following the next annual meeting of stockholders, or until his or her successor is elected and qualified, or until his or her earlier death, resignation, removal or disqualification, unless a shorter term is {N0506641; 2} specified by any agreement or other instrument appointing such officer. The directors shall from time to time fix the salaries and rates of compensation of all officers of the Corporation.
Election and Removal of Officers. Subject to the other provisions of this Article 6, the members or the Management Board may elect or appoint other Officers or agents of the Company, with such titles, duties, and authority as they shall designate. Subject to the other provisions of this Article 6, and to any other limitations that the Management Board may impose, the President may delegate authority and appoint other Officers and agents of the Company, with such titles, duties, and authority as the President shall designate. The President, at any time, may remove or terminate the authority of any Officer or agent that was appointed by the President. The members or the Management Board may at any time remove or terminate the authority of any Officer or agent, whether elected or appointed by the members or the Management Board or the President.
Election and Removal of Officers. 4.1. Any and all references herein to the right to appoint Directors and members of the Supervisory Committee shall be construed to include the power to appoint their respective alternates.
4.2. As long as 50% of the Company’s capital stock is represented by Class A shares and 50% of the Company’s capital stock is represented by Class B shares, the Board of Directors of the Company shall be comprised of four (4) regular directors and two (2) alternate directors. The holders of Class A shares shall elect two (2) regular directors and one (1) alternate director, and the holders of Class B shares shall elect two (2) regular directors and one (1) alternate director.
4.3. Whenever either class of shares represents more than 50% of the Company’s capital stock, the Board of Directors of the Company shall be comprised of five (5) regular directors, three (3) of whom shall be appointed by the holders of the class that accounts for more than 50% of the Company’s capital stock, and two (2) of whom shall be appointed by the other class of shares, and three (3) alternate directors, two (2) of whom shall be appointed by the shareholders who appointed three (3) regular directors, and one (1) of whom shall be appointed by the other class of shares.
4.4. If the Board is comprised of four (4) regular members and two alternate members, and the Company learns that one class of shares represents over 50% of the capital stock, the Board shall call a shareholders’ meeting to be held within thirty (30) calendar days after the Company becomes aware of that fact, in order to appoint the fifth regular director and the third alternate director, in accordance with the provisions of 4.3 above. If the Board fails to do so, the shareholders’ meeting may be called by any member of the Supervisory Committee. The directors appointed at the shareholders’ meeting shall remain in office until the end of the then current fiscal year.
4.5. If for any reason either class of shares comes to represent less than 15% of the Company’s capital stock, on the first occasion when directors are to be appointed after that development, directors shall not be appointed by class of shares, but rather, all shareholders, irrespective of their class, shall vote to appoint regular and alternate directors; the number of directors may be fixed at four (4) or five (5) regular directors, and two (2) or (3) alternate directors.
4.6. Directors shall remain in office for one (1) fiscal year, and may be reelected an indef...
Election and Removal of Officers. The Board of Directors shall elect the officers of the Foundation, and shall have the power to remove any officer of the Foundation, with or without cause, whether the term of such officer has expired or not.