Common use of Officers, Election and Terms of Office Clause in Contracts

Officers, Election and Terms of Office. The principal officers --------- -------------------------------------- of this Corporation shall consist of a President, a Secretary, a Treasurer and, in the discretion of the Board of Directors, one or more Vice Presidents, each of whom shall be elected by the Board of Directors at the first meeting of directors immediately following the annual meeting of shareholders of this Corporation, and shall hold their respective offices from the date of the meeting at which elected until the time of the next succeeding meeting of the Board following the annual meeting of the shareholders. The Board of Directors shall have the power to elect or appoint, for such term as it may see fit, such other officers and assistant officers and agents as it may deem necessary, and to prescribe such duties for them to perform as it may deem advisable. Any two or more offices may be held by the same person. Failure to elect a President, Vice President, Secretary or Treasurer shall not affect the existence of the Corporation.

Officers, Election and Terms of Office. The principal officers --------- -------------------------------------- of this Corporation shall consist of a Chairman, a President, a Secretary, a Treasurer and, in the discretion of the Board of Directors, one or more Vice Presidents, each of whom shall be elected by the Board of Directors at the first meeting of directors immediately following the annual meeting of shareholders of this Corporation, and shall hold their respective offices from the date of the meeting at which elected until the time of the next succeeding meeting of the Board following the annual meeting of the shareholders. The Board of Directors shall have the power to elect or appoint, for such term as it may see fit, such other officers and assistant officers and agents as it may deem necessary, and to prescribe such duties for them to perform as it may deem advisable. Any two or more offices may be held by the same person. Failure to elect a Chairman, President, Vice President, Secretary or Treasurer shall not affect the existence of the Corporation.

Officers, Election and Terms of Office. The principal officers --------- -------------------------------------- of this Corporation shall consist of a President, a Secretary, a Treasurer and, in the discretion Chairman of the Board of (to the extent one is appointed by the Directors), a President, one or more Vice Presidents, a Secretary, and a Treasurer, each of whom shall be elected by the Board of Directors at the first meeting of directors immediately following the annual meeting of shareholders of this Corporation, and shall hold their respective offices from the date of the meeting at which elected until the time of the next succeeding meeting of the Board following the annual meeting of the shareholders. The Board of Directors shall have the power to elect or appoint, for such term as it may see fit, such other officers and assistant officers and agents as it may deem necessary, and to prescribe such duties for them to perform as it may deem advisable. Any two or more offices may be held by the same person. Failure to elect a Chairman of the Board, President, Vice President, Secretary or Treasurer shall not affect the existence of the Corporation.

Officers, Election and Terms of Office. The principal ---------- ----------------------------------------- officers --------- -------------------------------------- of this Corporation shall consist of a President, a Secretary, a Treasurer and, in the discretion of the Board of Directors, one or more Vice Presidents, each of whom shall be elected by the Board of Directors at the first meeting of directors immediately following the annual meeting of shareholders of this Corporation, and shall hold their respective offices from the date of the meeting at which elected until the time of the next succeeding meeting of the Board following the annual meeting of the shareholders. The Board of Directors shall have the power to elect or appoint, for such term as it may see fit, such other officers and assistant officers and agents as it may deem necessary, and to prescribe such duties for them to perform as it may deem advisable. Any two or more offices may be held by the same person. Failure to elect a President, Vice President, Secretary or Treasurer shall not affect the existence of the Corporation.