Number and Tenure. At any regular meeting or at any special meeting called for that purpose, a majority of the entire Board may establish, increase or decrease the number of directors, provided that the number thereof shall never be less than three nor more than 12, and further provided that the tenure of office of a director shall not be affected by any decrease in the number of directors.
Appears in 4 contracts
Samples: Employment Agreement (Sierra Income Corp), Agreement and Plan of Merger (Sierra Income Corp), Employment Agreement (Medley Management Inc.)
