Number; Election and Tenure 8 Section 2. Effect of Death, Resignation, etc. of a Trustee 8 Section 3.Powers 8 Section 4.Payment of Expenses by the Trust 11 Section 5.Ownership of Assets of the Trust 11 Section 6.Service Contracts 12
Number; Election. The number of directors of the Corporation shall be such number as from time to time shall be fixed by, or in the matter provided in, the bylaws of the Corporation. Unless and except to the extent that the bylaws of the Corporation shall otherwise require, the election of directors of the Corporation need not be by written ballot.
Number; Election. There shall initially be one (1) Manager of the Company who need not be a Member or resident of the State of Nevada. The number of Managers may be increased or decreased from time to time by amendment to this Agreement.
Number; Election. Tenure and Qualifications. Managers may be Voting Managers (“Voting Managers”) or Non-Voting Managers (“Non-Voting Managers”). Managers may be employees. directors or officers of a Member. There shall be six Voting Managers. Managers need not be Members of the Company. MFN shall nominate three Voting Managers and RACAL shall nominate three Voting Managers. Each Member agrees to vote its Membership Interests to ensure the election of the Voting Managers nominated by the other Member. The first Board of Managers shall be the three Voting Managers nominated by MFN and the three Voting Managers nominated by RACAL. A Non-Voting Manager may be nominated by either Member if such Member wishes to appoint a Non-Voting Manager as Chairman and such Non Voting Managers shall be appointed for the duration of his term as Chairman and shall be elected to the Board of Managers by the agreement of the Members. In no instance shall there be less than six (6)
Number; Election and Tenure The number of Trustees shall be such number as shall be fixed from time to time by a written instrument signed by a majority of the Trustees, provided, however, that the number of Trustees shall in no event be less than three nor more than 15. The Trustees may by vote of a majority of the remaining Trustees fill vacancies in the Trustees or remove Trustees with or without cause by vote of a majority of the Trustees who are "non-interested" persons (as defined in the 0000 Xxx) if the Trustee to be removed is a "non-interested" Trustee, or by vote of the Trustees who are "interested persons" if the Trustee to be removed is an "interested" Trustee. Each Trustee shall serve during the continued lifetime of the Trust until he dies, resigns or is removed, or, if sooner, until the next meeting of Shareholders called for the purpose of electing Trustees and until the election and qualification of his successor, except, that Trustees who are not "interested persons" or employees of American Century Companies, Inc. and its affiliates shall retire at the end of the calendar year in which they shall have reached the age of seventy-five (75) years. Any Trustee may resign at any time by written instrument signed by him and delivered to any officer of the Trust or to a meeting of the Trustees. Such resignation shall be effective upon receipt unless specified to be effective at some other time. Except to the extent expressly provided in a written agreement with the Trust, no Trustee resigning and no Trustee removed shall have any right to any compensation for any period following his resignation or removal, or any right to damages on account of such removal. The Shareholders may fix the number of Trustees and elect Trustees at any meeting of Shareholders called by the Trustees for that purpose.
Number; Election and Tenure 12 --------------------------- Section 2. Effect of Death, Resignation, Removal, etc. of a Trustee 12 --------------------------------------------------------- Section 3. Powers 12 ------ Section 4. Payment of Fees and Expenses by the Trust 14 ----------------------------------------- Section 5. Payment of Fees and Expenses by Shareholders 14 -------------------------------------------- Section 6. Ownership of Trust Property 14 --------------------------- Section 7. Service Contracts 14 ----------------- Section 8. Compensation 15 ------------
Number; Election. The size and composition of the Board are determined by a Majority-In-Interest of the Members, in their sole discretion. A Majority-In- Interest of the Members may remove any Board Member at any time and for any reason and fill any vacancy created by the death, removal, or other termination of a Board Member. The Board shall consist of at least five Board Members; provided, that at all times not less than thirty-five percent (35%) of the Directors, but not fewer than two individuals, shall be “Public Directors” (“Public Directors”), as such term is defined by, and as such Board composition is required by, the Commodity Exchange Act and the regulations promulgated thereunder (together, “C EA”). As of the date of this Agreement, the Board is comprised of a total of five Board members as follows: Xxxx Xxxxxxx, Xxxxx Xxxxx, Xxxxxx Xxxxxx, and two Public Directors: Xxx Xxxxx and Xxxxx Perfect.
Number; Election. The Board shall initially consist of three directors elected by Holdings for such purpose. At all times, the Board shall consist of no less than three, and up to seven, directors from time to time elected by Holdings for such purpose. Holdings shall appoint a Chairman of the Board from among the directors, who shall hold office until his or her successor is appointed and qualified or until his or her earlier resignation or removal.
Number; Election. The size and composition of the Board are determined by a Majority-In-Interest of the Members, in their sole discretion. A Majority-In- Interest of the Members may remove any Board Member at any time and for any reason and fill any vacancy created by the death, removal, or other termination of a Board Member. The Board shall consist of at least five voting Board Members; provided, that at all times there is (i) at least one market participant and (ii) not less than thirty-five percent (35%) of the voting Board Members, but not fewer than two individuals, shall be “Public Directors” (“Public Directors”), as such term is defined by, and as such Board composition is required by, the Commodity Exchange Act and the regulations promulgated thereunder (together, “ CEA”). As of the date of this Agreement, the Board is comprised of a total of five voting Board members as follows: Xxxx Xxxxxxx, Xxxxx Xxxxx, Xxxxxx Xxxxxx, and two Public Directors: Xxx Xxxxx and Xxxxx Perfect; and two nonvoting Board members as follows: Xxxx Xxxxxx and Xxxxxx Xxxxx.
Number; Election. The size and composition of the Board are determined by a Majority-In-Interest of the Members, in their sole discretion. A Majority-In- Interest of the Members may remove any Board Member at any time and for any reason and fill any vacancy created by the death, removal, or other termination of a Board Member. The Board shall consist of at least five voting Board Members; provided that at all times not less than thirty-five percent (35%) of the Directorsvoting Board Members, but not fewer than two individuals, shall be “Public Directors” (“Public Directors”), as such term is defined by, and as such Board composition is required by, the Commodity Exchange Act and the
