Common use of Election/Term Clause in Contracts

Election/Term. Officers shall be elected at the annual meeting of the Board and may be elected at such other time or times as the Board shall determine. They shall hold office, unless removed, until the next annual meeting of the Board or until their successors are elected. Any officer may resign at any time upon written notice to the Board and such resignation shall be effective when notice is delivered unless the notice specifies a later effective date. Vacancies among the officers shall be filled by a vote of the Board or by the Sole Member.

Appears in 3 contracts

Samples: Operating Agreement (Dominion Energy Gas Holdings, LLC), Operating Agreement (Dominion Energy Gas Holdings, LLC), Operating Agreement (Dominion Gas Holdings, LLC)

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Election/Term. Officers shall be elected at the annual meeting of the Board and may be elected at such other time or times as the Board shall determinedeter-mine. They shall hold office, unless removed, until the next annual meeting of the Board or until their successors succes-sors are elected. Any officer may resign at any time upon written notice to the Board and such resignation shall be effective when notice is delivered unless the notice specifies a later effective date. Vacancies among the officers shall be filled by a vote of the Board or by the Sole Member.

Appears in 1 contract

Samples: Operating Agreement (Dominion Gas Holdings, LLC)

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