Number; Vacancies Sample Clauses

Number; Vacancies. The Members shall determine, at each annual meeting and at any special meeting called for the purpose of electing Managers, the number of Managers. Initially there shall be three Managers. Except for the initial Managers, the Managers shall be elected by the Members. Managers shall hold office until the next meeting, whether annual or special at which Managers are elected and such duly elected Managers are qualified. Managers may but need not be Members. The Members hereby elect N. Damodar Reddy, C.N. Xxxxx xxx X.X. Xxxganath as the inixxxx Xxxxxxxx. Vacancies and newly created Managerships resulting from any increase in the authorized number of Managers may be filled by a majority of the Managers then in office, though less than a quorum, or by a sole remaining Manager, and the Managers so chosen shall hold office until the next election of Managers and until their successors are duly elected and qualified, unless sooner displaced. If there are no Managers in office, then each Member shall serve as a Manager until the next election of Managers hereunder.
Sample 1
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Number; Vacancies. The Board of Managers shall be comprised of six (6) Managers, three of whom shall be appointed by ChiroSub (the "Chiro Managers") and three of whom may be appointed by CombiSub (the "Combi Managers"). A Chiro Manager may be removed from office by ChiroSub, and a Combi Manager may be removed from office by CombiSub, at any time for any reason. In the event that any Manager dies, resigns or is removed as a Manager, a substitute manager may be appointed by the Member that appointed the former Manager whose vacancy is being filled. On the Effective Date, the Chiro Managers shall be Chrixxxxx Xxxxx, Xxan Xxxx xxx Ray XxXxxxx xxx the Combi Managers shall be Petex Xxxxx, Xxrix Xxxxxxx xxx Lee XxXxxxxxx.
Sample 1
Number; Vacancies. The Board of Managers shall be comprised of six (6) Managers, three of whom shall be appointed by CAT (the "CAT Managers") and three of whom may be appointed by CombiChem (the "CombiChem Managers"). A CAT Manager may be removed from office by CAT, and a CombiChem Manager may be removed from office by CombiChem, at any time for any reason. In the event that any Manager dies, resigns or is removed as a Manager, a substitute manager may be appointed by the Member that appointed the former Manager whose vacancy is being filled. On the Effective Date, the CAT Managers shall be Normxx Xxxxx, Xxucx Xxxxx xxx Larrx Xxxxxxx, xxd the CombiChem Managers shall be Dianx Xxxx, Xxe XxXxxxxxx xxx Robexx Xxxxxxx.
Sample 1
Number; Vacancies. The number of Managers shall be one (1) unless otherwise increased by Managers with the unanimous consent of the Members.
Sample 1
Number; Vacancies. The number of directors of the Corporation shall be such number, not less than 5 nor more than 25 (exclusive of directors, if any, to be elected by holders of preferred stock of the Corporation, voting separately as a class), as shall be provided from time to time in or in accordance with the bylaws, provided that no decrease in the number of directors shall have the effect of shortening the term of any incumbent director, and provided further that no action shall be taken to decrease or increase the number of directors from time to time unless at least two-thirds of the directors then in office shall concur in said action. Vacancies in the board of directors of the Corporation, however caused, and newly created directorships shall be filled only by a vote of two-thirds of the directors then in office, whether or not a quorum, and any director so chosen shall hold office for a term expiring at the annual meeting of stockholders at which the term of the class to which the director has been chosen expires and when the director's successor is elected and qualified.
Sample 1

Related to Number; Vacancies

  • Vacancies Whenever a vacancy in the Board of Trustees shall occur, the remaining Trustees may fill such vacancy by appointing an individual having the qualifications described in this Article by a written instrument signed by a majority of the Trustees then in office or may leave such vacancy unfilled or may reduce the number of Trustees; provided the aggregate number of Trustees after such reduction shall not be less than the minimum number required by Section 2.1 hereof; provided, further, that if the Shareholders of any class or series of Shares are entitled separately to elect one or more Trustees, a majority of the remaining Trustees or the sole remaining Trustee elected by that class or series may fill any vacancy among the number of Trustees elected by that class or series. Any vacancy created by an increase in Trustees may be filled by the appointment of an individual having the qualifications described in this Article made by a written instrument signed by a majority of the Trustees then in office. No vacancy shall operate to annul this Declaration or to revoke any existing agency created pursuant to the terms of this Declaration. Whenever a vacancy in the number of Trustees shall occur, until such vacancy is filled as provided herein, the Trustees in office, regardless of their number, shall have all the powers granted to the Trustees and shall discharge all the duties imposed upon the Trustees by this Declaration.

  • Number of Directors Subject to the Certificate of Incorporation, the total number of directors constituting the Board shall be determined from time to time by resolution of the Board. No reduction of the authorized number of directors shall have the effect of removing any director before that director’s term of office expires.

  • Newly Created Directorships and Vacancies Subject to Section 5.5 hereof, newly created directorships resulting from an increase in the number of directors and any vacancies on the Board resulting from death, resignation, retirement, disqualification, removal or other cause may be filled solely and exclusively by a majority vote of the remaining directors then in office, even if less than a quorum, or by a sole remaining director (and not by stockholders), and any director so chosen shall hold office for the remainder of the full term of the class of directors to which the new directorship was added or in which the vacancy occurred and until his or her successor has been elected and qualified, subject, however, to such director’s earlier death, resignation, retirement, disqualification or removal.

  • Vacancies; Increases in the Number of Directors Vacancies and newly created directorships resulting from any increase in the number of Directors shall be filled by the Sole Member. Any Director so appointed shall hold office until his removal in accordance with the provisions of this Agreement or until his earlier death or resignation.

  • Vacancies and Newly Created Directorships If any vacancies shall occur in the Board of Directors, by reason of death, resignation, removal or otherwise, or if the authorized number of Directors shall be increased, the Directors then in office shall continue to act, and such vacancies and newly created directorships may be filled by a majority of the Directors then in office, although less than a quorum. A Director elected to fill a vacancy or a newly created directorship shall hold office until his or her successor has been elected and qualified or until his or her earlier death, resignation or removal. Any such vacancy or newly created directorship may also be filled at any time by vote of the stockholders.

  • Removal; Vacancies Any Manager may be removed either for or without cause by the Member. Any vacancy occurring in the Company Board shall be filled by the Member.

  • Filling of Vacancies In the case of any increase in the number of Managers, or of any vacancy in the Board of Managers, the additional Manager shall be appointed by the Beneficial Owner.

  • Vacancies in Offices A vacancy in any office because of death, resignation, removal, disqualification or other cause shall be filled in the manner prescribed in these By-Laws for regular appointment to that office. The President may make temporary appointments to a vacant office pending action by the Trustees.

  • Vacancy Any vacancy occurring for any reason in the number of Managers shall be filled by the Member. A Manager elected to fill a vacancy shall be elected for the unexpired term of the predecessor in office.

  • Designation and Number of Shares The shares of such series shall be designated as "Series A Participating Cumulative Preferred Stock" (the "Series A Preferred Stock"), and the number of shares constituting such series shall be 800,000. Such number of shares of the Series A Preferred Stock may be increased or decreased by resolution of the Board of Directors; provided that no decrease shall reduce the number of shares of Series A Preferred Stock to a number less than the number of shares then outstanding plus the number of shares issuable upon exercise or conversion of outstanding rights, options or other securities issued by the Corporation.

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