Common use of Organizational Meeting Clause in Contracts

Organizational Meeting. The first meeting of each newly elected board of directors shall be held immediately after and at the same place as the meeting of the stockholders at which it was elected and no notice of such meeting shall be necessary to the newly elected directors in order legally to constitute the meeting, provided a quorum shall be present.

Organizational Meeting. The first meeting of each a newly elected board Board of directors Directors shall be held immediately after and at the same place as the meeting within ten (10) days of the stockholders election at which it was elected such Directors were elected, and no notice of such meeting shall be necessary to the newly elected directors Directors in order legally to constitute the such meeting, provided a quorum majority of the whole Board of Directors shall be present.