Term of Office of Directors. The Directors shall hold office during the lifetime of this Company, and until its termination as herein provided; except (a) that any Director may resign his directorship by written instrument signed by him and delivered to the other Directors, which shall take effect upon such delivery or upon such later date as is specified therein; (b) that any Director may be removed, with or without cause, at any time by written instrument, signed by at least two-thirds of the number of Directors prior to such removal, specifying the date when such removal shall become effective; (c) that any Director who requests in writing to be retired or who has died, become physically or mentally incapacitated by reason of disease or otherwise, or is otherwise unable to serve, may be retired by written instrument signed by a majority of the other Directors, specifying the date of his retirement; and (d) that a Director may be removed, with or without cause, at any meeting of the Shareholders of the Company by a vote of Shareholders holding at least two-thirds of the Outstanding Shares of the Company voting as a single class.
Term of Office of Directors. Directors shall hold office for such term as the Members may determine or, in the absence of such determination, until the next annual general meeting or until their successors are elected or appointed or their office is otherwise vacated.
Term of Office of Directors. (1) A director, except a director appointed by Class E or F shareholders, holds office for two years and shall be eligible for re-appointment. (Inserted by S.R.O. 43/1996)
(2) A vacancy in the Board shall be filled by the Class of shareholders which appointed the director to be replaced. (Inserted by S.R.O. 43/1996)
(3) A director appointed to fill a vacancy holds office for the unexpired term of his predecessor.
Term of Office of Directors. An appointment of a Director may be on terms that the Director shall automatically retire from office (unless he has sooner vacated office) at the next or a subsequent annual general meeting or upon any specified event or after any specified period; but no such term shall be implied in the absence of express provision.
Term of Office of Directors. In the election of Directors, the Directors must each be elected for a term of: [a] one year, if the Director is completing the term of a Director who vacated their office in the first year of their two-year term; or [b] two years, in a manner to ensure that no more than a simple majority of Directors is elected for a term of two years at any Annual General Meeting.
Term of Office of Directors. The term of office of a Director shall expire upon the conclusion of the ordinary general meeting of shareholders held in respect of the last fiscal year ending within two (2) years after his assumption of office.
Term of Office of Directors. The Directors shall be divided into three classes, designated Class I, Class II and Class III. Each class shall consist, as nearly as may be possible, of one-third of the number of Directors constituting the Board, Class I to hold office initially for a term expiring at the annual general meeting to be held in 2016, Class II to hold office initially for a term expiring at the annual general meeting to be held in 2017, and Class III to hold office initially for a term expiring at the annual general meeting to be held in 2018. At each succeeding annual general meeting beginning in 2016, successors to the class of Directors whose term expires at that annual general meeting shall be elected for a three (3) year term with each Director to hold office in such class until his or her successor shall have been duly elected and qualified, or until such Director’s earlier death, resignation or removal. If the number of Directors is changed, any increase or decrease shall be apportioned among the classes so as to maintain the number of Directors in each class as nearly equal as possible, and any additional Director of any class elected to fill a vacancy resulting from an increase in such class or from the removal from office, death, disability, resignation or disqualification of a Director or other cause shall hold office for a term that shall coincide with the remaining term of that class, but in no event will a decrease in the authorised number of Directors shorten the term of any incumbent Director.
Term of Office of Directors. (1) A director may hold office for a term not exceeding three years and is eligible for re-appointment for a further term not exceeding three years.
(2) A director appointed to fill a vacancy holds office for the unexpired term of his predecessor.
Term of Office of Directors. The Directors shall hold office during the lifetime of the Partnership and until its termination as hereinafter provided; except that (a) any Director may resign his office at any time by written instrument signed by him and delivered to the other Directors, which shall take effect upon such delivery or upon such later date as is specified therein; (b) any Director may be removed at any time by written instrument signed by at least two-thirds of the number of Directors prior to such removal, specifying the date when such removal shall become effective; (c) any Director who requests in writing to be retired or who has become mentally or physically incapacitated may be retired by written instrument signed by a majority of the other Directors, specifying the date of his retirement; and (d) a Director may be removed at any special meeting of Investors of the Partnership by a vote of two-thirds of the outstanding Interests. Any removals shall be effective as to the Partnership and each Series hereunder.
Term of Office of Directors. 13 (vi) VACANCIES ......................................14 (vii) STOCKHOLDERS' RIGHT TO CALL MEETING ............14 (viii) QUORUM .........................................14 Section 7. OUTSTANDING SHARES ......................................14 Section 8. STATUS OF ACQUIRED SHARES ...............................15 Section 9. CONVERSION ..............................................15 Section 10. REPORTS .................................................21
