Terms of Directors. The terms of the Board shall be as follows:
Terms of Directors. All directors will serve three-year, staggered terms except the initial term for one of the independent directors shall be two (2) years. Any director elected by an Industry Sector may be removed at any time by the affirmative vote of two-thirds (2/3) of the Members of the Industry Sector selecting such director. An Independent Director may be removed by the affirmative vote of two-thirds of the remaining directors. Any director may be removed by the board of directors for non-attendance of three consecutive board meetings.
Terms of Directors. Each Director shall hold office and have the terms and responsibilities accorded to him or her by the terms hereof until resignation or removal by the Members.
Terms of Directors. The directors will be divided into three classes. The number of directors in each class shall be as nearly equal as possible. The term of office of the first class will expire at the second annual meeting of Members; the term of office of the second class will expire one year thereafter; and the term of office of the third class two years thereafter. At each annual meeting of Members, directors shall be chosen for a three year term to succeed those whose term expires. No two at-large directors and no two directors of the same Industry Sector shall be in the same class. At least one (1) independent director shall be in each class. Each director shall hold office until (a) the expiration of the term for which he or she was elected and until his or her successor is elected and qualified, or (b) his or her earlier death, resignation or removal. Any director may be removed at any time by the affirmative vote of two-thirds of the Industry Sector or Industry Sectors, as applicable, electing such director. A director may be removed by the Board for non-attendance at three consecutive Board meetings.
Terms of Directors. (a) Voting directors will serve staggered, three-year terms and will be subject to (i) an age limitation prohibiting the election or re-election of any such director unless such director is age seventy (70) or less at the time of such election or re-election, and (ii) a term limit of three consecutive three-year terms. The Nominating Committee may waive the age limit and term limit. Effective Date: 10/15/2019 - Docket #: ER19-2616-000
Terms of Directors. The term of MISA Board of Director members is three years. Nominations shall be staggered so that 1/3 of the Directors are nominated annually. The Directors under this Agreement shall be the current Board of Directors as of May 1, 2011 with their original appointment date signed by CFANS. A member who has served two consecutive full three-year terms shall not be eligible for re-appointment to a consecutive third term. An individual who has been a Director may serve on the Board again after a minimum of a three year hiatus. If a director resigns or is removed, his or her successor shall be nominated to complete the unexpired term subject to the terms of Article V.C.
Terms of Directors. The directors, other than those who may be elected by the holders of any series of Preferred Stock of the Corporation, shall be classified, with respect to the term for which they severally hold office, into three classes, as nearly equal in number as possible. The initial Class I Directors of the Corporation shall be [INSERT NAMES]; the initial Class II Directors of the Corporation shall be [INSERT NAMES]; and the initial Class III Directors of the Corporation shall be [INSERT NAMES]. The initial Class I Directors shall serve for a term expiring at the annual meeting of shareholders to be held in 1998; the initial Class II Directors shall serve for a term expiring at the annual meeting of shareholders to be held in 1999; and the initial Class III Directors shall serve for a term expiring at the annual meeting of shareholders to be held in 2000. At each annual meeting of shareholders, the successor or successors of the class of directors whose term expires at that meeting shall be elected by a plurality of the votes of the shares present in person or represented by proxy at such meeting and entitled to vote on the election of directors, and shall hold office for a term expiring at the annual meeting of shareholders held in the third year following the year of their election. The directors elected to each class shall hold office until their successors are duly elected and qualified or until their earlier death, disqualification, resignation, or removal. Notwithstanding the foregoing, whenever, pursuant to the provisions of Article Fourth of these Amended and Restated Articles of Incorporation, the holders of any one or more series of Preferred Stock shall have the right, voting separately as a series or together with holders of other such series, to elect directors at an annual or special meeting of shareholders, the election, term of office, filling of vacancies, and other features of such directorships shall be governed by the terms of these Amended and Restated Articles of Incorporation and any amendments applicable thereto, and such directors so elected shall not be divided into classes pursuant to this Section 3. During any period when the holders of any series of Preferred Stock have the right to elect additional directors as provided for or fixed pursuant to the provisions of Article Fourth hereof, then upon commencement and for the duration of the period during which such right continues: (a) the then otherwise total authorized number of directors o...
Terms of Directors. The terms of directors shall be as set forth in the Certificate of Incorporation.
Terms of Directors. The term of each director shall be indefinite or as otherwise determined by the Party appointing that director. A director shall continue to serve after expiration of the director’s term until a successor has been appointed. Each director shall serve at the pleasure of the Party that appointed the director and may be replaced at any time by formal action of the appointing Party. A director shall be deemed to have resigned upon missing three consecutive duly called meetings of the Board, and the Board shall give written notice of such resignation to the Party that appointed such director, which shall appoint a replacement director. Should a Party fail to be represented at three consecutive duly called meetings of the Board through a director or alternative director, the number of directors constituting a quorum and whose votes are required for those actions set for in paragraph (G) of this Article shall be reduced by one until such time as the Party is represented at a Board meeting.
Terms of Directors. The term of each Party Director shall be indefinite or as otherwise determined by the Party appointing that director. A Party Director shall continue to serve after expiration of the Party Director’s term until a successor has been appointed. Each Party Director shall serve at the pleasure of the Party that appointed the Party Director and may be replaced at any time by formal action of the appointing Party. The two directors appointed by the Party Directors shall serve four year terms, except initially one director shall serve a two year term. Upon the expiration of the terms either four year or two year, the Party Directors shall appoint or reappoint a director pursuant to the process described in subsection A. A director shall be deemed to have resigned upon missing three consecutive duly called meetings of the Board. The General Manager shall give written notice of such resignation to the Board, and in the event the director is a Party Director, to the Party that appointed such director. The Party shall appoint a replacement director or alternate director within thirty (30) days of such resignation notice. If a director appointed by the Party Directors has been deemed to have resigned pursuant to this subsection or otherwise resigned or vacated office, the vacancy shall be filled for the unexpired term pursuant to the process described in subsection A.
