Common use of Initial Board Clause in Contracts

Initial Board. Initially, the Board of Directors shall be comprised of the following individuals: Jxxx Xxxxxxx, Pxxxx Xxxxxx and Sxxxxxx Xxxxxxxxxxxxx (each, an “Initial Director” and, collectively, the “Initial Board”). Each Initial Director shall hold office until his successor is elected or appointed and qualified, or until his or her earlier death, resignation or removal in accordance with this Article 6. The Initial Board shall have all of the powers and authorities accorded to the Board of Directors, and each Initial Director shall have all of the powers and authorities accorded the directors of the Company under the terms of this Amended Agreement.

Initial Board. Initially, the Board of Directors shall be comprised of the following individuals: Jxxx XxxxxxxJohn Roberts, Pxxxx Xxxxxx Peter Stokes and Sxxxxxx Xxxxxxxxxxxxx Stephen Peet (each, an “Initial Director” and"INITIAL DIRECTOX" xxx, collectivelyxxxxecxxxxxx, the “Initial Board”xxx "INITXXX XXXXX"). Each Initial Director shall hold office until his successor is elected or appointed and qualified, or until his or her earlier death, resignation or removal in accordance with this Article 6. The Initial Board shall have all of the powers and authorities accorded to the Board of Directors, and each Initial Director shall have all of the powers and authorities accorded the directors of the Company under the terms of this Amended Agreement.

Initial Board. Initially, the Board of Directors shall be comprised of the following individuals: Jxxx Xxxx Xxxxxxx, Pxxxx Xxxxx Xxxxxx and Sxxxxxx Xxxxxxx Xxxxxxxxxxxxx (each, an “Initial Director” "INITIAL DIRECTOR" and, collectively, the “Initial Board”"INITIAL BOARD"). Each Initial Director shall hold office until his successor is elected or appointed and qualified, or until his or her earlier death, resignation or removal in accordance with this Article 6. The Initial Board shall have all of the powers and authorities accorded to the Board of Directors, and each Initial Director shall have all of the powers and authorities accorded the directors of the Company under the terms of this Amended Agreement.

Initial Board. Initially, the The initial Board of Directors shall be is comprised of the three (3) following individuals: Jxxx Xxxxxx X. Xxxxxxx, Pxxxx Xxxx X. Xxxxxxx and Xxxxxx and Sxxxxxx Xxxxxxxxxxxxx X. Xxxxx (each, an “Initial Director” and, collectively, the “Initial Board”). Each Initial Director shall hold office until his successor is elected or appointed and qualified, or until his or her earlier death, resignation or removal in accordance with this Article 6VI. The Initial Board shall have all of the powers and authorities accorded to the Board of Directors, and each Initial Director shall have all of the powers and authorities accorded the directors of the Company under the terms of this Amended Agreement.