Common use of Election and Term of Directors Clause in Contracts

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.

Appears in 1 contract

Samples: Cummer Moyers Funds Inc

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Election and Term of Directors. Directors At each annual meeting of shareholders, 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 hold office until 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 their successors have been elected and shall have qualifiedqualified or until their death, resignation or removal in the manner hereinafter provided.

Appears in 1 contract

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

Election and Term of Directors. Directors shall be elected annually, annually by written ballot election at the annual meeting of Shareholders stockholders or a special meeting held for that purpose; provided, however, that if no annual meeting by written consent of the Shareholders holders of stock entitled to vote thereon in lieu of such meeting. If the Corporation annual election of directors is required not held on the date designated therefor, the directors shall cause such election to be held in a particular year pursuant to Section 1 of Article II of these By-Laws, Directors as soon thereafter as convenient. Each director shall be elected at the next annual meeting held. The term of hold office of each Director shall be from the time of his or her election and qualification until the election of Directors next succeeding his successor is elected and qualified or her election and until his or her successor shall have been elected and shall have qualifiedearlier 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, by written ballot election at the annual meeting of Shareholders stockholders or a special meeting held for that purpose; provided, however, that if no annual meeting by written consent of the Shareholders holders of stock entitled to vote thereon in lieu of such meeting. If the Corporation annual election of directors is required not held on the date designated therefor, the directors shall cause such election to be held in a particular year pursuant to Section 1 of Article II of these By-Laws, Directors as soon thereafter as convenient. Each director shall be elected at the next annual meeting held. The term of hold office of each Director shall be from the time of his or her election and qualification until the election of Directors next succeeding his successor is elected and qualified or her election and until his or her successor shall have been elected and shall have qualifiedearlier resignation, or removal.

Appears in 1 contract

Samples: Credit Agreement (Inamed Corp)

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