Tenure of Office. The Chairman or the President and all other officers shall hold office for the current year for which the board was elected, unless they shall resign, become disqualified, or be removed. Any vacancy occurring in the Office of Chairman or President shall be filled promptly by the board. Any officer elected by the board or appointed by the Chairman or the President may be removed at any time, with or without cause, by the affirmative vote of a majority of the board or, if such officer was appointed by the Chairman or the President, by the Chairman or the President, respectively.
Appears in 5 contracts
Samples: Trust Indenture (Kentucky Utilities Co), Trust Indenture (Quality Food Centers Inc), Trust Indenture (Coleman Worldwide Corp)
Tenure of Office. The Chairman or the President chairman, president and all other officers shall hold office for the current year for which the board was elected, unless they shall resign, become disqualified, disqualified or be removed. Any vacancy occurring in the Office of Chairman or President shall be filled promptly by the board. Any officer elected removed by the board or appointed by of directors, the Chairman chairman or the President may be removed at any time, with or without cause, by the affirmative vote of a majority of the board or, if such officer was appointed by the Chairman or the President, by the Chairman or the President, respectivelypresident.
Appears in 1 contract
Samples: Statement of Eligibility (Us West Capital Funding Inc)
