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.
Appears in 4 contracts
Samples: Plan of Merger (Changyou.com LTD), Series a 1 Senior Preferred Share Purchase Agreement (Nobao Renewable Energy Holdings LTD), Share Purchase Agreement (China Kanghui Holdings)
