Common use of Election and Term of Directors Clause in Contracts

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.

Appears in 1 contract

Samples: Investors' Agreement (Inland Resources Inc)

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Election and Term of Directors. Directors shall be elected annually 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.

Appears in 1 contract

Samples: Credit Agreement (Inamed Corp)

Election and Term of Directors. Directors At each annual meeting of stockholders, directors shall be elected annually by election at to hold office until the next 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 their successors have been elected and qualified or until his or her earlier resignation, or removalqualified.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Mapinfo Corp)

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Election and Term of Directors. Directors At each annual meeting of shareholders, directors shall be elected annually by election at to hold office until the next 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 their successors have been elected and qualified or until his their death, resignation or her earlier resignation, or removalremoval in the manner hereinafter provided.

Appears in 1 contract

Samples: Agreement of Merger and Plan of Reorganization (Numbeer, Inc.)

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