Common use of Term of Office of Directors Clause in Contracts

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. Subject to the Shareholders’ Agreement, 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.