Common use of Election and Tenure Clause in Contracts

Election and Tenure. At the initial organizational meeting and at least once a year thereafter, the Board shall elect the president, secretary, treasurer, and other such officers as the Board shall deem necessary or appropriate in order to carry out the business of the Fund. Each officer shall hold the office until his or her successors have been duly elected and qualified.

Election and Tenure. At the initial organizational meeting and at least once a year thereafter, the Board shall elect the presidentPresident, secretarySecretary, treasurerTreasurer, and other such officers as the Board shall deem necessary or appropriate in order to carry out the business of the Fund. Each officer shall hold the office until his or her successors have been duly elected and qualified.