Number, Tenure and Qualifications of Directors. The number of, and members of, the Board of Directors shall be determined by the Member. Each Director shall hold office until the next annual meeting of the Member and, if later, until a qualified successor has been duly elected and qualified as provided herein, or until the Director’s earlier death, resignation or removal. Directors need not be Members or residents of the State of Delaware but must be natural persons.
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Samples: Limited Liability (HFF, Inc.), Limited Liability Company Operating Agreement, Limited Liability (Bats Global Markets, Inc.)
Number, Tenure and Qualifications of Directors. The number of, and members of, the Board of Directors shall be determined by the MemberMember as evidenced by a written instrument or consent filed with the records of the Company. Each Director shall hold office until the next annual meeting of the Member and, if later, until a qualified successor has been duly appointed or elected and qualified as provided herein, or until the Director’s earlier death, resignation or removal, if sooner. Directors need not be Members or residents of the State of Delaware but must be natural persons.
Appears in 1 contract
Samples: Limited Liability (Catalyst Health Solutions, Inc.)
Number, Tenure and Qualifications of Directors. The Member may determine at any time in its sole and absolute discretion the number of, and members of, the Board of Directors to constitute the Board. The Directors of the Company shall be determined appointed from time to time by the Member. Each Director shall hold office until the next annual meeting Directors are not required to be residents of Delaware or Members of the Member and, if later, until a qualified successor has been duly elected and qualified Company. The Directors as provided herein, or until the Director’s earlier death, resignation or removal. Directors need not be Members or residents of the State date of Delaware but must this Agreement shall be natural personsdetermined in accordance with the Plan of Conversion and shall serve as the Directors until their successors are duly appointed or their prior resignation, removal or death.
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