Common use of Term Limits for Board Members Clause in Contracts

Term Limits for Board Members. There is no time term-limit for service to the Board, nor does the Board believe that a term limit should be established. By abstaining from term limits, the Company believes it can successfully retain Board members who, over time, have been able to xxxxxx industry knowledge and are intimate with the Company’s operations. Such Directors are able to significantly contribute to the Board’s function since they have helped to xxxxxx the Company’s corporate vision and better understand industry trends.

Term Limits for Board Members. There is no time term-limit for service to the Board, nor does the Board believe that a term limit should be established. By abstaining from term limits, the Company believes it can successfully retain Board members who, over time, have been able to xxxxxx gxxxxx industry knowledge and are intimate with the Company’s operations. Such Directors are able to significantly contribute to the Board’s function since they have helped to xxxxxx fxxxxx the Company’s corporate vision and better understand industry trends.