Election; Removal. Directors of the Association shall be elected at the annual meeting of the members in the manner determined by and subject to the qualifications set forth in the Bylaws. Directors may be removed and vacancies on the Board of Directors shall be filled in the manner provided by the Bylaws.
Election; Removal. Section 1. A Trustee may be elected either by the Trustees or by the Shareholders. The number of Trustees shall be fixed from time to time by the Trustees and, at or after the sale of Shares pursuant to a public offering, there shall be not less than three Trustees. Each Trustee elected by the Trustees or the Shareholders shall serve until he or she retires, resigns, is removed or dies or until the next meeting of Shareholders called for the purpose of electing Trustees and until the election and qualification of his or her successor. At any meeting called for the purpose, a Trustee may be removed by vote of the holders of two-thirds of the outstanding Shares. The initial Trustee, who shall serve until the first meeting of Shareholders at which Trustees are elected and until his successor is elected and qualified, or until he sooner dies, resigns or is removed, shall be Joseph T. Turo, Jr. and such other persons as the Trustee or Trustees txxx xx xxxxxx xxxxx, prior to any sale of Shares pursuant to a public offering, appoint. By vote of a majority of the Trustees then in office, the Trustees may remove a Trustee with or without cause.
Election; Removal. Except as set forth below, during the term of this Agreement, all shares of capital stock held by each Stockholder, whether now owned or hereafter acquired, shall be voted in accordance with the provisions hereof on all of the following matters of which the stockholders of the Company vote:
Election; Removal. Managers shall be elected by the Members. The Company shall initially have five (5) managers to wit:
Election; Removal. Section 1. The number of Trustees shall be fixed by the Trustees, except that, subsequent to any sale of Shares pursuant to a public offering, there shall be not less than three Trustees. Any vacancies occurring in the Board of Trustees may be filled by the Trustees if, immediately after filling any such vacancy, at least two-thirds of the Trustees then holding office shall have been elected to such office by the Shareholders. In the event that at any time less than a majority of the Trustees then holding office were elected to such office by the Shareholders, the Trustees shall call a meeting of Shareholders for the purpose of electing Trustees. Each Trustee elected by the Shareholders or by the Trustees shall serve until the next meeting of Shareholders called for the purpose of electing Trustees and until the election and qualification of his or her successor, or until he or she sooner dies, resigns or is removed. The initial Trustees, each of whom shall serve until the first meeting of Shareholders at which Trustees are elected and until his or her successor is elected and qualified, or until he or she sooner dies, resigns or is removed, shall be Xxxxxx X. Xxxxxxx and such other persons as the Trustee or Trustees then in office shall, prior to any sale of Shares pursuant to a public offering, appoint. By vote of a majority of the Trustees then in office, the Trustees may remove a Trustee with or without cause. At any meeting called for the purpose, a Trustee may be removed, with or without cause, by vote of the holders of two- thirds of the outstanding Shares.
Election; Removal. Subject to Section 2.4, all the Shares held by the Stockholders, whether owned now or hereafter acquired, shall be voted in accordance with the provisions hereof on all of the following matters on which the stockholders of the General Partner vote.
Election; Removal. (a) The Stockholders will vote their respective shares of capital stock of the Company (whether now owned or hereafter acquired), and take all other actions necessary to maintain the number of Directors comprising the Company's Board of Directors (the "Board") at five (5).
Election; Removal. The directors shall be elected at the annual meeting of the stockholders, except as provided in Section 4 of this Article III, and each director elected shall hold office until his or her successor is elected and qualified; provided, however, that unless otherwise restricted by the Certificate of Incorporation or by law, any director or the entire Board of Directors may be removed, either with or without cause, from the Board of Directors at any meeting of stockholders by a majority of the stock represented and entitled to vote thereat.
Election; Removal. The number of Directors comprising the Company's Board of Directors (the "Board") shall be fixed by the Board in accordance with the By-laws of the Company. The By-laws of the Company shall require a minimum of 3 Board members. Subject to the provisions of Section 2.1(d)(ii) hereof, the Z/C Group shall designate (i) 1 nominee for election to the Board, if the number of Directors is fixed at 3 or 4; (ii) 2 nominees for election to the Board, if the number of Directors is fixed at 5, 6 or 7; and (iii) 3 nominees for election to the Board, if the number of Directors is fixed at 8 or 9. If the Board appoints an Executive Committee, the Z/C Group shall designate such number of nominees to such Executive Committee in the same ratio as set forth in the preceding sentence. All other members of the Board of Directors and Executive Committee, if any, shall be designated by the GS Group. During the term of this Agreement, all the capital stock of the Company held by the Z/C Group or the GS Group, whether owned now or hereafter acquired, shall be voted in accordance with the provisions hereof on all of the following matters on which the Stockholders vote:
Election; Removal. SECTION 1. The number of Trustees shall be fixed by the Trustees, except that, subsequent to any sale of Shares pursuant to a public offering, there shall be not less than three Trustees. Any vacancies occurring in the Board of Trustees may be filled by the Trustees if, immediately after filling any such vacancy, at least two-thirds of the Trustees then holding office shall have been elected to such office by the Shareholders. In the event that at any time less than a majority of the Trustees then holding office were elected to such office by the Shareholders, the Trustees shall call a meeting of Shareholders for the purpose of electing Trustees. Each Trustee elected by the Shareholders or by the Trustees shall serve until the next meeting of Shareholders called for the purpose of electing Trustees and until the election and qualification of his or her successor, or until he or she sooner dies, resigns or is removed. The initial Trustees, each of whom shall serve until the first meeting of Shareholders at which Trustees are elected and until his or her successor is elected and qualified, or until he or she sooner dies, resigns or is removed, shall be Xxxxxxx X. Butt and such other persons as the Trustee or Trustees then in office shall, prior to any sale of Shares pursuant to a public offering, appoint. By vote of a majority of the Trustees then in office, the Trustees may remove a Trustee with or without cause. At any meeting called for the purpose, a Trustee may be removed, with or without cause, by vote of the holders of two-thirds of the votes represented by outstanding Shares.
