Common use of Place of Meetings; Telephonic Meetings Clause in Contracts

Place of Meetings; Telephonic Meetings. Meetings of the Board shall be held at such place as may be designated for that purpose from time to time by the President. Members of the Board may participate in a meeting of the Board by means of conference telephone or similar communications equipment permitting all persons participating in the meeting to hear each other, and participation in a meeting by such means shall constitute presence in person at such meeting. If all the participants are participating by telephone conference or similar communications equipment, the meeting shall be deemed to be held at the principal place of business of the Company.