Election and Term of Directors. Directors shall be elected annually by election at the annual meeting of stockholders or by written consent of the holders of stock entitled to vote thereon in lieu of such meeting. If the annual election of directors is not held on the date designated therefor, the directors shall cause such election to be held as soon thereafter as convenient. Each director shall hold office from the time of his or her election and qualification until his successor is elected and qualified or until his or her earlier resignation, or removal.
Election and Term of Directors. Subject to the rights of the holders of any class or series of Preferred Stock of the Corporation, nominations of persons for election as Directors may be made by the Board or by any stockholder who is a stockholder of record at the time of giving of the notice of nomination provided for in this Section 3.03 and who is entitled to vote for the election of Directors. Any stockholder of record entitled to vote for the election of Directors at a meeting may nominate a person or persons for election as Directors only if written notice of such stockholder's intent to make such nomination is given, either by personal delivery or by United States mail, postage prepaid, to the Secretary at the principal executive offices of the Corporation, not later than (i) with respect to an election to be held at an annual meeting of stockholders, not less than 90 nor more than 120 days prior to the anniversary date of the immediately preceding annual meeting provided, that the first such anniversary date occurring after the effective date of these By-Laws shall be deemed to be o, o and provided, further, that in the event that the date of the annual meeting is more than 30 days before or more than 60 days after such anniversary date, notice by the stockholder to be timely must be so received not later than the tenth day following the day on which notice of the date of the annual meeting was mailed or public announcement of the date of such meeting is first made by the Corporation, whichever occurs first and (ii) with respect to an election to be held at a special meeting of stockholders for the election of Directors, not earlier than the 90th day prior to such special meeting and not later than the close of business on the later of the 60th day prior to such special meeting or the tenth day following the day on which public announcement of the date of the special meeting and of the nominees to be elected at such meeting is first made. Each such notice shall set forth: (a) the name and address of the stockholder who intends to make the nomination and of the person or persons to be nominated; (b) a representation that the stockholder is a holder of record of stock of the Corporation entitled to vote at such meeting and intends to appear in person or by proxy at the meeting to nominate the person or persons specified in the notice; (c) a description of all arrangements or understandings between the stockholder and each nominee and any other person or persons (naming such person ...
Election and Term of Directors. At each annual meeting of stockholders, directors shall be elected to serve until the next annual meeting and until their respective successors are elected and qualified. Section 2.4
Election and Term of Directors. The first Board of Directors of the Corporation shall consist of those persons named in the Articles of Incorporation. Such persons shall hold office until the first annual election of directors. Thereafter, at each annual meeting of the Board of Directors, the Board shall elect directors, each director to hold office for a term of one year until the next annual meeting of the directors and until his or her successor has been elected and qualified.
Election and Term of Directors. (a) The Chief Executive Officer, while serving as Chief Executive Officer, shall automatically be elected to and serve on the Board as an elected Director, and may only be removed pursuant to Section 2.07(e). All other Directors shall serve for terms of one year; provided, however that a Director shall continue to serve despite the expiration of such term until the Director’s successor is elected (except as provided in the next sentence). Other than a Director who is also the Chief Executive Officer of the Corporation, a Director may not serve more than five consecutive years and a Director shall automatically be removed from the Board at the end of the Director’s sixth such year. Directors may, but need not be officers or employees of the Corporation. No decrease in the number of Directors shall have the effect of shortening the term of any incumbent Director.
Election and Term of Directors. At each annual meeting of stockholders, the stockholders shall elect directors to hold office until the next annual meeting. Each director shall hold office until the expiration of the term for which he is elected, and until his successor shall have been elected and qualified. Whenever the authorized number of directors is increased between annual meetings of the stockholder(s), a majority of the directors then in office shall have the power to elect such new directors for the balance of a term and until their successors are elected and qualified. Any decrease in the authorized number of directors shall not become effective until the expiration of the term of the directors then in office unless, at the time of such decrease, there shall be vacancies on the board which are being eliminated by the decrease.
Election and Term of Directors. Directors shall be elected annually, by written ballot at the annual meeting of Shareholders or a special meeting held for that purpose; provided, however, that if no annual meeting of the Shareholders of the Corporation is required to be held in a particular year pursuant to Section 1 of Article II of these By-Laws, Directors shall be elected at the next annual meeting held. The term of office of each Director shall be from the time of his or her election and qualification until the election of Directors next succeeding his or her election and until his or her successor shall have been elected and shall have qualified.
Election and Term of Directors. Directors shall be elected in accordance with the terms of the Bylaws. Directors so elected shall serve for a three (3) year term or until such new directors are elected. Members may nominate candidates for the terms to be filled according to rules to be promulgated by the Board. Each Member shall have one (1) vote which shall be cast either in person or by mail. There shall be no prohibition on election to successive terms, and election shall be by a majority of those Members voting.
Election and Term of Directors. Except as otherwise provided in the Deed of Trust, Directors shall be elected only by unitholders at an Election Meeting or by the Board of Directors pursuant to Article III, Section 6 of these By-Laws. Each Director shall hold their office from the time of their election and qualification until their successor shall have been elected and shall have qualified, or until their death, or until they shall have resigned, or until December 31 of the year in which they shall have reached eighty-five (85) years of age, or until they shall have been removed as hereinafter provided in these By-Laws, or as otherwise provided by statute or the Deed of Trust. In addition, each “Independent Director” (defined as a disinterested person of the Fund within the meaning of Section 2(a)(19) of the Investment Company Act of 1940) may only be replaced with another Independent Director. The Independent Directors, collectively, shall at all times represent a majority of the Board.
Election and Term of Directors. Only individuals who are Active Fellows of the Society may serve a directors of the Society. The Board of Directors shall consist of the Co-Chairs, the Co-Chairs Elect, Immediate Past Co-Chairs, the Executive Secretary-Treasurer, the Co-Executive Secretary-Treasurer, the Historian-Librarian, and three Active Fellows who shall be elected by the Active Fellows at the annual meeting of the Fellows to serve for a term of three years, which terms shall be staggered so that one Active Fellow is elected as a director each year. No individual shall be a director without his or her prior consent.
