Qualification and Election Clause Samples
The 'Qualification and Election' clause defines the criteria and process by which a party or individual becomes eligible to assume a particular role, right, or responsibility under the agreement. Typically, this clause outlines specific qualifications that must be met—such as professional credentials, financial thresholds, or compliance with certain standards—and describes the formal steps required to elect or designate the qualified party, which may include providing notice or documentation. Its core function is to ensure that only suitable and properly vetted parties are selected, thereby reducing the risk of disputes and promoting effective performance of contractual obligations.
Qualification and Election. The Managers of the Company shall be selected by the Initial Member. The Initial Member may appoint additional Managers from time to time in its discretion, with such title and such roles as the Initial Member may specify.
Qualification and Election. The Chairman shall be a member of the Research Board. The first Chairman of the Research Board shall be ▇▇▇▇ ▇▇▇▇▇▇▇, former Director of the National Science Foundation (“NSF”). Each subsequent Chairman shall be elected by the Research Board to serve such term as is set forth in resolutions or Bylaws adopted by the Research Board
Qualification and Election. Directors need not be shareholders or residents of this State, but must be twenty-one (21) years of age. They shall be elected by a plurality of the votes cast at the annual meetings of the shareholders. Each director shall hold office until the next annual meeting of shareholders following his election, unless elected for a staggered or longer term. Despite expiration of the term of a director, such term shall continue until his successor has been elected and qualified, or the number of directors has been reduced.
Qualification and Election. Directors need not be shareholders or residents of the State of Incorporation, but must be of legal age. They shall be elected by the unanimous vote of the Shareholders at their annual meetings. Each Directors shall hold office until the expiration of his term and thereafter until his successor has been elected and qualifies to serve.
Qualification and Election. The officers of COMCARE shall include a Chair, a Vice Chair, a Secretary and a Treasurer. The Chair, Vice Chair and Secretary shall be natural persons of full age. The Treasurer may be a corporation or other entity, but if the Treasurer is a natural person he or she shall be of full age. The Chair shall be a Director and shall be appointed by the President of CCAP. The Vice Chair and Secretary shall be Directors and shall be elected by a majority of the Board of Directors at the Reorganizational Meeting. So long as CCAP provides administrative and management services for COMCARE, CCAP shall be the Treasurer. If CCAP ceases to provide administrative and management services for COMCARE, then the Treasurer shall be elected by a majority of the Board of Directors at the Reorganizational Meeting.
Qualification and Election. The membership shall consist of individuals and organizations interested in information security. Charter members shall be those persons identified as such on the charter roll of the Chapter and maintained by the Secretary. Membership is restricted to exclude anyone who has been convicted of criminal activity or conduct that is considered contrary to community standards of justice, honesty, or good morals in the past four (4) years. Members are required to abide by the (ISC)2 Code of Ethics. The members may, at their annual meeting, change the criteria for membership.