Common use of Election and Term Clause in Contracts

Election and Term. At the first annual Shareholder meeting and at each annual meeting thereafter the Shareholders shall elect directors to hold office until the next succeeding annual meeting. Each director shall hold office for the term for which he is elected and until his successor shall have been elected and qualified or until his earlier resignation, removal from office or death.

Election and Term. At the first annual Shareholder meeting and The election of directors shall take place at each annual meeting thereafter the Shareholders shall elect directors to hold office until the next succeeding annual meetingof stockholders. Each director shall hold office for the term for which he is elected and until his successor shall have been is duly elected and qualified qualified, or until his earlier resignationdeath, removal from office resignation or deathremoval.

Election and Term. At the first annual Shareholder meeting of shareholders and at each annual meeting thereafter thereafter, the Shareholders shareholders shall elect directors to hold office until the next succeeding annual meeting. Each director shall hold office for the term for which he such director is elected elect and until his such director's successor shall have been elected and qualified or until his such director's earlier resignation, removal from office office, or death.

Election and Term. At the first annual Shareholder meeting and at each annual meeting thereafter of shareholders, the Shareholders shareholders shall elect directors to hold office until the next succeeding annual meeting. Each director shall hold office for the term for which he is elected and until his successor shall have been elected and qualified meeting or until his their earlier resignation, removal from office or death. Directors shall be elected by a plurality of the votes cast by the shares entitled to vote in the election at a meeting at which a quorum is present.