Common use of Tenure and Qualifications Clause in Contracts

Tenure and Qualifications. Each Director shall hold office until his or her successor shall have been duly appointed or until his or her prior death, resignation or removal. A Director may be removed from office by the Manager for any reason or no reason. A Director xxx resign at any time by filing his or her written resignation with the Secretary of the Company.

Appears in 1 contract

Samples: Operating Agreement

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Tenure and Qualifications. Each Director director shall hold office until the next annual meeting of shareholders and until his or her successor shall have been duly appointed qualified and elected, or until his or her prior death, resignation or removal. A Director director may be removed from office by affirmative vote of a majority of the Manager outstanding shares entitled to vote for any reason or no reasonthe election of such director, taken at a meeting of shareholders called for that purpose. A Director xxx director may resign at any time by filing his or her written resignation with the Secretary of the Companycorporation. Directors need not be residents of the State of Iowa.

Appears in 1 contract

Samples: Agreement and Plan of Merger (FBL Financial Group Inc)

Tenure and Qualifications. Each Director shall hold office until ------------------------- his or her successor shall have been duly appointed or until his or her prior death, resignation or removal. A Director may be removed from office by the Manager Sole Member for any reason or no reason. A Director xxx may resign at any time by filing his or her written resignation with the Secretary of the Company.

Appears in 1 contract

Samples: Operating Agreement (Wisconsin Power & Light Co)

Tenure and Qualifications. Each Director director shall hold office until the next annual meeting of shareholders and until his or her successor shall have been duly appointed qualified and elected, or until his or her prior death, resignation or removal. A Director director may be removed from office by affirmative vote of a majority of the Manager outstanding shares entitled to vote for any reason or no reasonthe election of such director, taken at a meeting of shareholders called for that purpose. A Director xxx director may resign at any time by filing his or her written resignation with the Secretary of the Companycorporation. Directors need not be residents of the State of Iowa or shareholders of the corporation.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Emc Insurance Group Inc)

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Tenure and Qualifications. Each Director shall hold office until his or her successor shall have been duly appointed or until his or her prior death, resignation or removal. A Director may be removed from office by the Manager Sole Member for any reason or no reason. A Director xxx may resign at any time by filing his or her written resignation with the Secretary of the Company.

Appears in 1 contract

Samples: Operating Agreement (WPS Resources Corp)

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