Common use of TERM OF OFFICE; REMOVAL AND VACANCIES Clause in Contracts

TERM OF OFFICE; REMOVAL AND VACANCIES. The officers of the corporation shall hold office until their successors are chosen and qualify in their stead. Any officer elected or appointed by the Board of Directors may be removed at any time by the affirmative vote of a majority of the Board of Directors. If the office of any officer or officers becomes vacant for any reason, the vacancy shall be filled by the Board of Directors.

Appears in 8 contracts

Samples: Merger Agreement (Tenneco Inc), Agreement and Plan of Merger (William Lyon Homes), Merger Agreement (Taylor Morrison Home Corp)

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TERM OF OFFICE; REMOVAL AND VACANCIES. The officers of the corporation Corporation shall hold office until their successors are chosen and qualify in their stead. Any officer elected or appointed by the Board of Directors may be removed at any time by the affirmative vote of a majority of the Board of Directors. If the office of any officer or officers becomes vacant for any reason, the vacancy shall be filled by the Board of Directors.

Appears in 2 contracts

Samples: Amended and Restated Bylaws (Realty Income Corp), Merger Agreement (Allied Riser Communications Corp)

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TERM OF OFFICE; REMOVAL AND VACANCIES. The officers of the corporation Corporation shall hold office until their successors are chosen and qualify in their stead. Any officer elected or appointed by the Board of Directors may be removed at any time by the affirmative vote of a majority of the Board whenever in its judgment the best interests of Directorsthe Corporation would be served thereby. If the office of any officer or officers becomes vacant for any reason, the vacancy shall be filled by the Board of DirectorsBoard.

Appears in 1 contract

Samples: Business Combination Agreement (Pioneer Merger Corp.)

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