Common use of Number, Election and Term Clause in Contracts

Number, Election and Term. The Board shall consist of not less than one, nor more than three individuals, the exact number of which shall be determined by the directors from time to time. Initially, there shall be three directors, Xxxxxx X. Xxxxxxxxx, Xx. Xxxx Xxxxxxx Xxxx and Xxxxxxx Xxxxxx. Directors shall be elected at the first annual Members' meeting and at each annual meeting thereafter. A decrease in the number of directors shall not shorten an incumbent director's term. Each director shall hold office until the next annual meeting of Members or until removed. Despite the expiration of a director's term, such director shall continue to serve until the director's successor is elected and qualifies, until there is a decrease in the number of directors or until the director is removed.

Number, Election and Term. The Board shall consist of not less than one, nor more than three seven individuals, the exact number of which shall be determined by the directors Members from time to time. InitiallyThe initial Board shall consist of three individuals, there shall be three directorsXxxxx X. Xxxxxxxxxx, Xxxxxxx X. Xxxxxx and Xxxxxxx X. Xxxxxxxxx, Xx. Xxxx Xxxxxxx Xxxx and Xxxxxxx Xxxxxx. Directors shall be elected at the first annual Members' meeting and at each annual meeting thereafter. A decrease in the number of directors shall not shorten an incumbent director's term. Each director shall hold office until the next annual meeting of Members director resigns or until is removed. Despite the expiration of a director's term, such director shall continue to serve until the director's successor is elected and qualifies, until there is a decrease in the number of directors or until the director is removed.