Common use of Term of Office; Vacancies Clause in Contracts

Term of Office; Vacancies. So far as is practicable, all elected officers shall be elected at the organization meeting of the Board of Directors in each year, and except as otherwise provided in Sections 3 and 4, and subject to the provisions of Section 6, of this Article V, shall hold office until the organization meeting of the Board of Directors in the next subsequent year and until their respective successors are elected and qualify or until their earlier resignation or removal. All appointed officers shall hold office during the pleasure of the Board of Directors and the Chairman of the Board. If any vacancy shall occur in any office, the Board of Directors may elect or appoint a successor to fill such vacancy for the remainder of the term.

Term of Office; Vacancies. So far as is practicable, all elected officers shall be elected by the Board of Directors at the organization annual meeting of the Board of Directors in each year, and except as otherwise provided in Sections 3 and 4, and subject to the provisions of Section 6, of this Article V, shall hold office until the organization next such meeting of the Board of Directors in the next subsequent year and until their respective successors are elected and qualify qualified or until their earlier resignation or removal. All appointed officers shall hold office during at the pleasure of the Board of Directors and the Chairman of the BoardDirectors. If any vacancy shall occur in any office, the Board of Directors may elect or appoint a successor to fill such vacancy for the remainder of the term.