Common use of Standing Committees Clause in Contracts

Standing Committees. At each annual meeting of the Board, the directors shall designate from their own number, by resolution adopted by a majority of the entire Board, the following committees: (a) Executive Committee (b) Audit Committee (c) Compensation Committee (d) Nominating Committee which shall be standing committees of the Board. The Board shall appoint a director to fill any vacancy on any committee of the Board. The members of the committees shall serve at the pleasure of the Board.

Standing Committees. At each annual meeting The Board of the Board, the directors shall designate from their own numberDirectors, by ------------------- resolution adopted by a majority of the entire Board, the following committees: shall appoint from among its members (ai) an Executive Committee , (bii) an Audit and Compliance Committee , (ciii) a Compensation Committee , (div) Nominating a Committee which shall be standing committees on Directors' Affairs and (v) a Public Policy Committee (together, the "Standing Committees") each consisting of three (3) (or such greater number as the Board. The Board shall appoint a director of Directors may designate) directors, to fill any vacancy on any committee of perform the Board. The members of the committees shall serve at the pleasure of the Boardfunctions traditionally performed by such Board committees.