Common use of Term of Office Clause in Contracts

Term of Office. The officers of the Company shall be elected by the Board of Managers and shall hold office until their successors are elected and qualified or until their earlier death, resignation or removal. Any officer elected or appointed by the Board of Managers may be removed at any time by the Board of Managers. Any vacancy occurring in any office of the Company required by this Section 16 shall be filled by the Board of Managers, and any vacancy in any other office may be filled by the Board of Managers.

Term of Office. The officers of the Company Corporation shall be elected by at the annual meeting of the Board of Managers Directors and shall hold office until their successors are elected and qualified or until their earlier death, resignation or removalqualified. Any officer elected or appointed by the Board of Managers Directors may be removed at any time by the Board of ManagersDirectors. Any vacancy occurring in any office of the Company Corporation required by this Section 16 Article 4 shall be filled by the Board of ManagersDirectors, and any vacancy in any other office may be filled by the Board of ManagersDirectors.

Term of Office. The officers of the Company shall be elected by the Board of Managers and shall hold office until their successors are elected and qualified or until their earlier death, resignation or removal. Any officer elected or appointed by the Board of Managers may be removed at any time by the Board of Managers. Any vacancy occurring in any office of the Company required by this Section 16 shall be he filled by the Board of Managers, and any vacancy in any other office may be filled by the Board of Managers.