Officers and Terms. The Directors shall meet as promptly as possible after the complete execution of this Agreement and Declaration of Trust and elect a chairman, vice-chairman, a secretary and a vice-secretary from among the Directors. The chairman and vice-chairman shall be selected from among the Employer Directors, and the secretary and vice-secretary shall be selected from among the Union Directors in the even-numbered years. In odd-numbered years the chairman and vice-chairman shall be selected from among the Union Directors and the secretary and vice-secretary shall be selected from among the Employer Directors. The term of such officers shall commence on the January 1st next following their election and continue to the next succeeding December 31st or until his or their successors have been elected, provided that the term of the initial group of officers hereunder shall commence immediately upon election, and their term of office shall be for the balance of the calendar year or until his or their successors have been elected.
Appears in 4 contracts
Samples: Agreement and Declaration of Trust, Agreement and Declaration of Trust, Agreement and Declaration of Trust
