Common use of Number and Election Clause in Contracts

Number and Election. The board of directors shall initially consist of three members, however, the number of directors may be changed from time to time by resolution of the board of directors. Except as provided in these Bylaws for the filling of vacancies, the shareholders shall elect the directors at the annual meeting. Each director shall hold office until a successor is elected and qualifies, or until such director’s earlier resignation or removal. Directors need not be shareholders.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Westland Development Co Inc), Agreement and Plan of Merger (Westland Development Co Inc), Agreement and Plan of Merger (Westland Development Co Inc)

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Number and Election. The board of directors shall initially consist of three four members, however, the number of directors may be changed from time to time by resolution of the board of directors. Except as provided in these Bylaws for the filling of vacancies, the shareholders shall elect the directors at the annual meeting. Each director shall hold office until a successor is elected and qualifies, or until such director’s 's earlier resignation or removal. Directors need not be shareholders.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Westland Development Co Inc)

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Number and Election. The board of directors shall initially consist of three four members, however, the number of directors may be changed from time to time by resolution of the board of directors. Except as provided in these Bylaws for the filling of vacancies, the shareholders shall elect the directors at the annual meeting. Each director shall hold office until a successor is elected and qualifies, or until such director’s earlier resignation or removal. Directors need not be shareholders.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Westland Development Co Inc)

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