Number and Term of Office of Managers Sample Clauses

Number and Term of Office of Managers. (a) The number of Managers of the Board shall be determined from time to time by the Member; provided, however, that in no event shall there be more than five (5) or less than two (2)
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Number and Term of Office of Managers. The number of Managers on the Board of Managers of the Company shall be five or such greater number as to provide each Strategic Partner with a seat on the Board of Managers; provided that the number of Managers on the Board of Managers shall not exceed nine. For so long as (i) any of SSI-Delaware, TL, Comcast ICG, Inc. (an indirect wholly owned subsidiary of Comcast Corporation) and CPQ Holdings, Inc. (a wholly owned subsidiary of Compaq Computer Corp.) maintains a Capital Contribution equal to or greater than three million dollars ($3,000,000) in the Company, (ii) GE Capital maintains a Capital Contribution and Commitment that aggregate equal to or greater than seven million dollars ($7,000,000) in the Company, and (iii) any Entity subsequent to the date hereof that makes or has made and maintains a Capital Contribution and Commitment that aggregate ten million dollars ($10,000,000) or greater, such Entity described in clauses (i), (ii) or (iii) shall be a Manager of the Company (each, a "Strategic Partner"). Notwithstanding anything to the contrary herein, for purposes of calculating the amounts set forth in clauses (i), (ii) or (iii) in the immediately preceding sentence, distributions by the Company to any Manager described in such clauses shall be disregarded. In addition, the number of Managers may also be amended by action of the then incumbent Managers. Each Manager shall hold office as long as he is a Member, or until his earlier death, insanity, Bankruptcy, retirement, resignation or removal. Managers must be Members but need not be residents of the State of Delaware. Any Entity that is a Manager shall designate an officer or other employee of such Entity as a nominee to represent it as Manager and such Entity will act through its nominee. Such Entity may change its nominee, or appoint an alternate nominee to attend meetings of the Managers and vote on its behalf when its primary nominee is unavailable, at any time upon written notice to the Company. Except as expressly provided in this Section 6.3 and Section 6.4, the Members shall not have the authority to increase or decrease the number of Managers and neither the Members nor the Managers shall have the authority to remove or replace any Managers.
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Number and Term of Office of Managers. (a) The number of seats constituting the entire Board of Managers shall be at least seven (7), and no more than thirteen (13), with the exact number of seats on the Board of Managers to be ten (10) until changed from time to time by resolution of the Board of Managers. Each Manager (whenever elected) shall hold office until his or her successor has been duly elected and qualified, or until his or her earlier death, resignation, or removal. A Manager shall not be required to be a Member or a resident of the States of Delaware or California. The Chief Executive Officer shall sit as a Manager and occupy one of the seats on the Board, but shall be subject to removal and replacement solely by the Board of Managers with or without cause for any or no reason, subject to the rights, if any, of the CEO-Manager under a contract of employment or management services agreement, and not by the Members. The remaining seats on the Board will be filled by the Members. (b) At all times the Board of Managers shall consist of only one class, with the term of office expiring each year (with the first such expiration to occur at the first annual meeting of Members). At the first annual meeting of the Members, all of the Managers (other than the CEO-Manager) shall be elected by the Members (in accordance with Section 6.2 hereof), and such Persons shall hold office thereafter for a term of one (1) year expiring at the next annual meeting. (c) Notwithstanding any other provision of this Agreement, the initial Board of Managers shall be those persons named as such in the Order. Each initial Manager shall serve until the first meeting of the Members, or until his or her successor is duly elected. (d) The initial Managers, other than the CEO-Manager, shall serve without compensation, but shall be reimbursed for reasonable expenses incurred in connection with performing their duties as Managers. Other Managers may be paid compensation as determined by the Board of Managers.
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Number and Term of Office of Managers. (a) The initial number of Managers constituting the full Board shall be three (3). The number of Managers may be increased or decreased from time to time by the Board. (b) Each Manager shall be elected at any annual or any special meeting of the Sole Member. Each Manager elected shall hold office until his successor shall be elected at a meeting of the Sole Member and shall qualify, or until his earlier death, resignation, or removal. As of the Effective Date, the Managers of the Board shall be Xxxx Xxxxxx, Xxxxx Xxxxx and Xxxxx Xxxxxxxxx. Managers need not be Members or residents of the State of Oklahoma.
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Number and Term of Office of Managers. (a) The number of seats constituting the entire Board of Managers shall be at least seven (7) (the “Minimum Size”), and no more than thirteen (13) (the “Maximum Size”). The range from the Minimum Size to the Maximum Size is referred to herein as the “Variable Board Size.” The size of the Board of Managers at any particular time shall be referred to herein as the “Whole Board.” The size of the Whole Board is currently ten (10). The Board of Managers may, by a resolution of the Board of Managers, change the number of seats constituting the Whole Board to any number of seats within the Variable Board Size. The Variable Board Size may only be changed if: (i) the change has first been approved by a resolution of a majority of the Whole Board and recommended to the Unit Holders, and (ii) thereafter, the change has been approved by the affirmative Consent of more than fifty percent (50%) in interest of all of the Units. (b) Each Manager (whenever elected) shall hold office until his or her successor has been duly elected and qualified, or until his or her earlier death, resignation, or removal. Any vacancies on the Board of Managers may be filled only by a majority of the Board of Managers then in office. A Manager shall not be required to be a Member or a resident of the State of Delaware, California, or any other state. The Chief Executive Officer shall sit as a Manager and occupy one of the seats on the Board, but shall be subject to removal and replacement solely by the Board of Managers with or without cause for any or no reason, subject to the rights, if any, of the CEO-Manager under a contract of employment or management services agreement. The remaining Managers shall be elected by the Members (except as necessary to fill vacancies) and are referred to herein as the “Elected Managers.” (c) The Elected Managers shall be divided into three (3) groups with respect to their term of office. Each group of Elected Managers shall contain as near as possible one-third (1/3) of the Elected Managers. Immediately after this provision becomes effective (the “Group Term Effective Date”), the Elected Managers shall consist of the following groups, who shall serve for the following terms: Group I From the Group Term Effective Date until the annual meeting of the Members in 2003 (i.e., for a one-year initial term). After their initial term, the Group I Managers shall serve until the annual meeting of Members held three years after their election. (Accordingly, the Group I...
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Number and Term of Office of Managers. (a) The number of Managers of the Board shall be determined from time to time by the Member; provided, however, that in no event shall there be more than five (5) or less than two (2) Managers and provided further that at least one (1) Manager shall reside outside of the State of Texas. If the Member makes no such determination, the number of Managers shall be two (2). Each Manager shall hold office until his or her successor has been elected and qualified, or until his or her earlier death, resignation or removal in accordance with NRS 86 and this Agreement. Unless otherwise provided in the Articles, a Manager need not be a Member or resident of the State of Nevada.
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Number and Term of Office of Managers. (a) There shall be five Managers of the Company which as a group shall constitute the Board. The Board shall be made up of two classes of Managers: (i) NRC Managers and (ii)
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Number and Term of Office of Managers. (a) The number of Managers of the Company shall be determined from time to time by the Required Class A Interests; provided, however, that no decrease in the number of Managers that would have the effect of shortening the term of an incumbent Manager may be made by the Members. Each Manager shall hold office for a period as elected by the Managers, and thereafter until his successor shall have been elected, or until his earlier death, resignation or removal in accordance with the Act and this Agreement. Managers need not be Members or residents of the State of Delaware. (b) Initially, there shall be four (4)
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Number and Term of Office of Managers 
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Related to Number and Term of Office of Managers

  • Number and Term of Office The authorized number of directors of the corporation shall be fixed in accordance with the Certificate of Incorporation. Directors need not be stockholders unless so required by the Certificate of Incorporation. If for any cause, the directors shall not have been elected at an annual meeting, they may be elected as soon thereafter as convenient at a special meeting of the stockholders called for that purpose in the manner provided in these Bylaws.

  • Election and Term of Office The officers of the Company shall be elected from time to time by the Board. Each officer shall hold office until such person’s successor shall have been duly elected and qualified or until such person’s death or until he or she shall resign or be removed pursuant to Section 6.8.

  • Appointment and Term of Office The Officers shall be appointed by the Board at such time and for such terms as the Board shall determine. Any Officer may be removed, with or without cause, only by the Board. Vacancies in any office may be filled only by the Board.

  • Term of Office of Trustees The Board of Trustees shall be divided into three classes. Within the limits above specified, the number of the Trustees in each class and the class which each Trustee is assigned shall be determined by resolution of the Board of Trustees. The term of office of the first class shall expire on the date of the first annual meeting of Shareholders or special meeting in lieu thereof following the effective date of the Registration Statement. The term of office of the second class shall expire on the date of the second annual meeting of Shareholders or special meeting in lieu thereof following the effective date of the Registration Statement. The term of office of the third class shall expire on the date of the third annual meeting of Shareholders or special meeting in lieu thereof following the effective date of the Registration Statement. Upon expiration of the term of office of each class as set forth above, the number of Trustees in such class, as determined by the Board of Trustees, shall be elected for a term expiring on the date of the third annual meeting of Shareholders or special meeting in lieu thereof following such expiration to succeed the Trustees whose terms of office expire. The Trustees shall be elected at an annual meeting of the Shareholders or special meeting in lieu thereof called for that purpose, except as provided in Section 2.3 of this Article and each Trustee elected shall hold office until his successor shall have been elected and shall have qualified; except (a) that any Trustee may resign his trust (without need for prior or subsequent accounting) by an instrument in writing signed by him and delivered to the other Trustees, which shall take effect upon such delivery or upon such later date as is specified therein; (b) that any Trustee may be removed (provided the aggregate number of Trustees after such removal shall not be less than the number required by Section 2.2 hereof) for cause, at any time by written instrument, signed by the remaining Trustees, specifying the date when such removal shall become effective; and (c) that any Trustee who requests in writing to be retired or who has become incapacitated by illness or injury may be retired by written instrument signed by a majority of the other Trustees, and he shall execute and deliver such documents as the remaining Trustees shall require for the purpose of conveying to the Fund or the remaining Trustees any Fund property held in the name of the resigning or removed Trustee. Upon the incapacity or death of any Trustee, his legal representative shall execute and deliver on his behalf such document as the remaining Trustees shall require as provided in the preceding sentence.

  • Terms of Office of Trustees The Trustees shall hold office during the lifetime of this Trust, and until its termination as herein provided; except that (A) any Trustee may resign his trusteeship or may retire by written instrument signed by him and delivered to the other Trustees, which shall take effect upon such delivery or upon such later date as is specified therein; (B) any Trustee may be removed at any time by written instrument signed by at least two-thirds of the number of Trustees prior to such removal, specifying the date when such removal shall become effective; (C) any Trustee who has died, become physically or mentally incapacitated by reason of disease or otherwise, or is otherwise unable to serve, may be retired by written instrument signed by a majority of the other Trustees, specifying the date of his retirement; (D) a Trustee may be removed at any meeting of the Shareholders by a vote of the Shareholders owning at least two-thirds (66 2/3%) of the Outstanding Shares; and (E) a Trustee shall be retired in accordance with the terms of any retirement policy adopted by the Trustees and in effect from time to time.

  • Term of Office Each officer shall hold office until his or her successor shall have been duly elected, until his or her death, or until he or she shall resign or shall have been removed in the manner hereinafter provided.

  • Appointment of Officers The Board shall appoint the officers of the Corporation, except such officers as may be appointed in accordance with the provisions of Section 5.3 of these bylaws.

  • Executive Office; Maintenance of Offices The Seller shall give Ally Auto written notice within ten (10) days of any relocation of its principal executive office if, as a result of such relocation, the applicable provisions of the UCC would require the filing of any amendment of any previously filed financing or continuation statement or of any new financing statement. The Seller shall at all times maintain each office from which it originates Receivables and its principal executive office within the United States of America.

  • Terms of Office Each Director shall serve at the pleasure of the governing body of the Party that the Director represents, and may be removed as Director by such governing body at any time. If at any time a vacancy occurs on the Board, a replacement shall be appointed to fill the position of the previous Director in accordance with the provisions of Section 4.2 within 90 days of the date that such position becomes vacant.

  • Maintenance of Office and Transfer Books by the Depositary Until termination of this Deposit Agreement in accordance with its terms, the Depositary shall maintain in the Borough of Manhattan, The City of New York, facilities for the execution and delivery, registration, registration of transfers, combinations and split-ups and surrender of Receipts in accordance with the provisions of this Deposit Agreement. The Depositary shall keep books for the registration of Receipts and transfers of Receipts which at all reasonable times shall be open for inspection by the Owners, provided that such inspection shall not be for the purpose of communicating with Owners for an object other than the business of the Company, including without limitation a matter related to this Deposit Agreement or the Receipts. The Depositary may close the transfer books after consultation with the Company to the extent practicable, at any time or from time to time, when deemed expedient by it in connection with the performance of its duties hereunder or at the request of the Company, provided that any such closing of the transfer books shall be subject to the provisions of Section 2.06 which limit the suspension of withdrawals of Shares. If any Receipts or the American Depositary Shares evidenced thereby are listed on one or more stock exchanges in the United States, the Depositary shall act as Registrar or, with the written approval of the Company, appoint a Registrar or one or more co-registrars for registry of such Receipts in accordance with any requirements of such exchange or exchanges. The Company shall have the right, upon reasonable request, to inspect the transfer and registration records of the Depositary relating to the Receipts, to take copies thereof and to require the Depositary and any co-registrars to supply copies of such portions of such records as the Company may request.

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