Common use of Resignations and Vacancies on Board Clause in Contracts

Resignations and Vacancies on Board. Any Director may resign from office at any time by delivering a resignation to the Chairman of the Board or the Secretary. The resignation will take effect at the time specified therein, or, if no time is specified, at the time of its receipt by the Corporation. The acceptance of a resignation shall not be necessary to make it effective, unless expressly so provided in the resignation. Subject to Section 2.11 of these By-laws, any vacancy on the Board shall be filled as specified in the Certificate.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (System Energy Resources Inc), Agreement and Plan of Merger (Florida Power & Light Co)

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Resignations and Vacancies on Board. Any Director may resign from office at any time by delivering a written resignation to the Chairman of the Board or the Secretary. The resignation will take effect at the time specified therein, or, if no time is specified, at the time of its receipt by the Corporation. The acceptance of a resignation shall not be necessary to make it effective, unless expressly so provided in the resignation. Subject to Section 2.11 of these By-laws, any Any vacancy on the Board shall be filled as specified in the Certificate.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Northeast Utilities System), Agreement and Plan of Merger (Consolidated Edison Inc)

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Resignations and Vacancies on Board. Any Director may resign from office at any time by delivering a resignation to the Chairman of the Board or the Secretary. The resignation will take effect at the time specified therein, or, if no time is specified, at the time of its receipt by the Corporation. The acceptance of a resignation shall not be necessary to make it effective, unless expressly so provided in the resignation. Subject to Section 2.11 of these By-laws, any Any vacancy on the Board shall be filled as specified in the Certificate.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Consolidated Edison Inc), Agreement and Plan of Merger (Northeast Utilities System)

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