Number; Tenure; Qualifications Sample Clauses

Number; Tenure; Qualifications. Subject to the Certificate of Incorporation and the rights of holders of any series of Preferred Stock to elect Directors, the total number of Directors constituting the entire Board of Directors shall be fixed from time to time exclusively by resolution adopted by a majority of the Whole Board of Directors. The Directors shall be classified in the manner provided in the Certificate of Incorporation. Each Director shall hold office until such time as provided in the Certificate of Incorporation. Directors need not be Stockholders to be qualified for election or service as a Director.
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Number; Tenure; Qualifications. Subject to the Certificate of Incorporation and the rights of holders of any series of preferred Stock to elect Directors, the total number of Directors constituting the entire Board of Directors shall be fixed from time to time exclusively by resolution of the Board of Directors. No reduction of the authorized number of directors shall have the effect of removing any director before that director’s term of office expires. The Directors shall be classified in the manner provided in the Certificate of Incorporation. Each Director shall hold office until such time as provided in the Certificate of Incorporation. Directors need not be Stockholders to be qualified for election or service as a Director.
Sample 1
Number; Tenure; Qualifications. The Managers shall be elected by the ------------------------------ Members at an annual or special meeting of the Members in accordance with Article 7 of this Agreement. All Managers shall be natural persons. The number of Managers may be increased or decreased from time to time by the majority of Members; provided, however, that there shall not be less than one nor more than five (5) Managers, with one seat on the Board of Managers to be reserved for former Shareholders of Promote It, Inc. Each Manager shall hold office for the term for which he is elected and thereafter until his successor has been elected and qualified, or until his death, resignation or removal. Unless otherwise provided in the Articles, Managers need not be Members or residents of the State of Delaware.
Sample 1
Number; Tenure; Qualifications. In accordance with Section 2.6 of the Agreement and Plan of Merger between the corporation and Central Bancshares, Inc. (“Central”), dated November 20, 2014 (the “Agreement”), the following provisions shall govern directors to the exclusion of any provision in these bylaws to the contrary. Terms capitalized but not otherwise defined in these bylaws shall have the meaning given to them in the Agreement. At the Effective Time, the Board of Directors of the corporation, as the Surviving Corporation, shall consist of thirteen directors who shall consist of: (i) eight persons serving as directors of the corporation (each, a “Company‑Related Director”) and (ii) five persons serving as directors of Central (each, a “Central‑Related Director”), in each case serving in such capacity immediately prior to the Effective Time. The directors shall be divided into three classes. Immediately following the Effective Time, the Class I directors shall consist of three Company‑Related Directors and two Central‑Related Directors, one of whom shall be Xxxx X. Xxxxxxxx. The initial Class I directors shall hold office for an initial term expiring at the 2017 annual meeting of shareholders and Class I directors shall thereafter be elected to three-year terms. At the 2017 annual meeting of shareholders, Xx. Xxxxxxxx, if then still serving as a director, shall not stand for reelection, and, provided that Xx. Xxxxxxxx has served for the entirety of his initial term, the Board of Directors shall nominate for election to Xx. Xxxxxxxx’x seat on the Board of Directors an individual recommended by Xx. Xxxxxxxx, provided further that such nomination is reasonably agreeable to the Nominating and Corporate Governance Committee in accordance with the good faith execution of its duties. If, prior to the 2017 annual meeting of shareholders, Xx. Xxxxxxxx shall have resigned or been removed in accordance with these bylaws, the Board of Directors may fill the resultant vacancy in accordance with Section 3.8 hereof or elect to reduce the total number of Central‑Related Directors entitled to serve on the Board of Directors by one, with a corresponding reduction in the total number of directors constituting the entire Board of Directors. If, prior to the 2017 annual meeting of shareholders, Xx. Xxxxxxxx shall cease to serve as a director for any reason other than those set forth in the preceding sentence, the Board of Directors shall fill the resultant vacancy with an individual selected by the Centr...
Sample 1
Number; Tenure; Qualifications. The Company shall initially have three (3) Managers on the Board of Managers. The initial Managers shall be Xxxxx Xxxxxxxx, Xxxxx X. Xxxxx and Xxxxxx X.
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Related to Number; Tenure; Qualifications

  • Existence; Qualification The Borrowers will at all times preserve and keep in full force and effect their existence as a limited partnership, limited liability company, or corporation, as the case may be, and all rights and franchises material to its business, including their qualification to do business in each state where it is required by law to so qualify. Without limitation of the foregoing, each Borrower and, to the extent required by applicable law, General Partner and Member, shall at all times be qualified to do business in each of the states where the Properties are located.

  • Due Qualification The Servicer is duly qualified to do business as a foreign corporation, is in good standing and has obtained all necessary licenses and approvals, in all jurisdictions in which the ownership or lease of property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) requires or shall require such qualification;

  • Existence, Qualification, Etc Except as otherwise expressly permitted under Section 8.7, do or cause to be done all things necessary to preserve and keep in full force and effect its existence and all material rights and franchises, and maintain its license or qualification to do business as a foreign corporation and good standing in each jurisdiction in which its ownership or lease of property or the nature of its business makes such license or qualification necessary;

  • Tax-Free Qualification (a) Each of Company and Parent shall use its reasonable best efforts to and to cause each of its Subsidiaries to, (i) cause the Merger to qualify as a "reorganization" within the meaning of Section 368(a) of the Code and (ii) obtain the opinions of counsel referred to in Sections 6.2(f) and 6.3(e) of this Agreement.

  • Number; Qualification; Tenure (a) The number of Directors constituting the Board shall be at least three and no more than nine, and may be fixed from time to time pursuant to a resolution adopted by the Sole Member. Each Director shall be elected or approved by the Sole Member and shall continue in office until the removal of such Director in accordance with the provisions of this Agreement or until the earlier death or resignation of such Director.

  • FCC Qualifications Section 7.04

  • Tax Qualification Each Employee Benefit Plan intended to be qualified under Section 401(a) of the Code has been determined to be so qualified by the Internal Revenue Service and nothing has occurred since the date of the last such determination which resulted or is likely to result in the revocation of such determination.

  • Foreign Qualifications Each of the Company and its subsidiaries is duly qualified as a foreign entity to transact business and is each in good standing in each jurisdiction in which such qualification is required, whether by reason of the ownership or leasing of property or the conduct of business, except where the failure to be so qualified would not singularly, or in the aggregate, in the reasonable judgment of the Company, be expected to result in a Material Adverse Effect.

  • Foreign Qualification Prior to the Company’s conducting business in any jurisdiction other than Delaware, the Majority Members shall cause the Company to comply, to the extent procedures are available and those matters are reasonably within the control of the Majority Members, with all requirements necessary to qualify the Company as a foreign limited liability company in that jurisdiction.

  • Organization; Qualification The Company is a corporation duly organized and validly existing under the laws of the State of Delaware and is in good standing under such laws. The Company has all requisite corporate power and authority to own, lease and operate its properties and assets, and to carry on its business as presently conducted. The Company is qualified to do business as a foreign corporation in each jurisdiction in which the ownership of its property or the nature of its business requires such qualification, except where failure to so qualify would not have a material adverse effect on the Company.

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