Special Provisions for Merger between Western Fraternal Life Association and National Mutual Benefit Sample Clauses

Special Provisions for Merger between Western Fraternal Life Association and National Mutual Benefit. In accordance with the Agreement of Merger between Western Fraternal Life Association (WFLA) and National Mutual Benefit (NMB), eight elected Directors shall serve a term of office from the Effective Time of the merger until January 1 2025. In 2024, the Society shall hold an election for all eight elected Directors in accordance with the procedures outlined in these Bylaws. The four Directors receiving the highest number of votes shall be elected to four-year terms and the Directors receiving the next four highest number of votes shall be elected to two-year terms.
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