Common use of Number; Qualification; Tenure Clause in Contracts

Number; Qualification; Tenure. (a) The number of Directors constituting the Board shall be at least two and no more than nine, and may be fixed from time to time pursuant to a resolution adopted by a majority of the Directors. A Director need not be a Member. Each Director shall be elected or approved by the Members at an annual meeting of the Members and shall serve as a Director of the Company for a term of one year (or their earlier death or removal from office) or until their successors are elected and qualified. (b) The initial Directors of the Company in office at the date of approval of this Agreement are set forth on Exhibit B hereto. The Members shall appoint one additional Independent Director within three months of the listing of the Common Units (as such term is defined in the Partnership Agreement) on the Nasdaq Stock Market or any other National Securities Exchange on which the Common Units are listed and one additional Independent Director within 12 months of such listing or within such other time period as may be required by the Nasdaq Stock Market or the Commission.

Number; Qualification; Tenure. (a) The number of Directors constituting the Board shall be at least two and no more than nine, and may be fixed from time to time pursuant to a resolution adopted by a majority of the Directors. A Director need not be a Member. Each Director shall be elected or approved by the Members at an annual meeting of the Members and shall serve as a Director of the Company for a term of one year (or their earlier death or removal from office) or until their successors are elected and qualified. (b) The initial Directors of the Company in office at the date of approval of this Agreement are set forth on Exhibit B hereto. The Members shall appoint one additional Independent Director within three months of the listing of the Common Units (as such term is defined in the Partnership Agreement) on the Nasdaq Stock Market or any other National Securities Exchange on which the Common Units are listed and one additional Independent Director within 12 months of such listing or within such other time period as may be required by the Nasdaq Stock Market or the Commission.

Number; Qualification; Tenure. (a) The number of Directors constituting the Board shall be at least two and no more than nine, and may be fixed from time to time pursuant to a resolution adopted by a majority of the Directors. A Director need not be a Member. Each Director shall be elected or approved by the Members at an annual meeting of the Members and shall serve as a Director of the Company for a term of one year (or their earlier death or removal from office) or until their successors are elected and qualified. (b) The initial Directors of the Company in office at the date of approval of this Agreement are set forth on Exhibit B hereto. The Members shall appoint one additional Independent Director within three months of the listing of the Common Units (as such term is defined in the Partnership Agreement) on the Nasdaq Stock Market or any other National Securities Exchange on which the Common Units are listed and one additional Independent Director within 12 months of such listing or within such other time period as may be required by the Nasdaq Stock Market or the Commission.

Number; Qualification; Tenure. (a) The number of Directors constituting the Board shall be at least two and no more than nine, and may be fixed from time to time pursuant to a resolution adopted by a majority of the Directors. A Director need not be a Member. Each Director shall be elected or approved by the Members at an annual meeting of the Members and shall serve as a Director of the Company for a term of one year (or their earlier death or removal from office) or until their successors are elected and qualified. (b) The initial Directors of the Company in office at the date of approval of this Agreement are set forth on Exhibit B hereto. The Members shall appoint one additional Independent Director within three months of the listing of the Common Units (as such term is defined in the Partnership Agreement) on the Nasdaq Stock Market or any other National Securities Exchange on which the Common Units are listed and one additional Independent Director within 12 months of such listing or within such other time period as may be required by the Nasdaq Stock Market or the Commission.