Common use of The Board of Directors; Election and Appointment; Term; Manner of Acting Clause in Contracts

The Board of Directors; Election and Appointment; Term; Manner of Acting. (a) The initial Board of Directors shall consist of the following five individuals, all of whom shall be Appointed Directors and serve until the 2014 Annual Meeting: Xxxxxx Xxxxxxxxx, Xxxx Xxxxxxxxx, Xxxxx Dedegian, Xxxxxxx Xxxxxxxxxx, Xxxxxxxxx Xxxxxxxxx. Following the 2014 Annual Meeting, the Board of Directors shall consist of five individuals, two of whom shall be Appointed Directors and three of whom shall be Elected Directors. The Elected Directors shall be divided into three classes: Class I, comprising one Elected Director, Class II, comprising one Elected Director, and Class III, comprising one Elected Director. Any vacancy among the Appointed Directors shall be filled as if an Appointed Director had resigned, in accordance with Section 7.6. The successors of the initial members of the Board of Directors shall be appointed or elected, as the case may be, as follows:

The Board of Directors; Election and Appointment; Term; Manner of Acting. (a) The initial Upon the Closing Date, the Board of Directors shall consist of the following five seven individuals, all of whom shall be Appointed Directors and serve until the 2014 Annual Meeting: Xxxxxx Xxxxxxxxx, Xxxx Xxxxxxxxx, Xxxxx Dedegian, Xxxxxxx Xxxxxxxxxx, Xxxxxxxxx XxxxxxxxxDirectors. Following the 2014 Annual Meetingfirst annual meeting of Unitholders after the Closing Date, the Board of Directors shall consist of five seven individuals, two three of whom shall be which are Appointed Directors and three four of whom shall be which are Elected Directors. The Elected Directors shall be divided into three classes: Class I, comprising one two Elected DirectorDirectors, Class II, comprising one Elected Director, and Class III, comprising one Elected Director. The Board of Directors upon Closing shall consist of the following individuals, each of whom shall hold office until his or her successor is duly elected or appointed, as the case may be, and qualified, in accordance with subclauses (a)(i) and (a)(ii) below, or until his or her earlier death, resignation or removal: Appointed Directors: Xxxxxxxx Xxxxxxx, Xxxxxx Xxxxxxxxx and Xxxxxx Xxxxxx; Elected Directors: Class I: Xxxxxx Xxxxxx and Xxxx Karakadas, Class II: Xxxxxxxxxx Xxxxxx and Class III: Leonidas Korres. Any vacancy among the Appointed Directors shall be filled as if an Appointed Director had resigned, in accordance with Section 7.6. The successors of the initial members of the Board of Directors shall be appointed or elected, as the case may be, as follows:

The Board of Directors; Election and Appointment; Term; Manner of Acting. (a) The initial Board of Directors shall consist of the following five individuals, all of whom shall be Appointed Directors and serve until the 2014 2015 Annual Meeting: Xxxxx Xxxxxxx, Xxxxxx Xxxxxxxxx, Xxxx XxxxxxxxxXxxxxx Xxxxxxxx, Xxxxx DedegianXxxxxx Xxxxxx and Xxxxxx X. Xxxxxxx. Subject to Section 7.2(d), Xxxxxxx Xxxxxxxxxx, Xxxxxxxxx Xxxxxxxxx. Following following the 2014 2015 Annual Meeting, the Board of Directors shall consist of five individuals, two three of whom shall be Appointed Directors and three two of whom shall be Elected Directors. The Elected Directors shall be divided into three classes: Class I, comprising one Elected Director, Class II, comprising one Elected Director, Director and Class III, comprising one Elected Director; provided that prior to the addition of one additional Elected Director following a Surrender Election pursuant to Section 7.2(d), the Class III Elected Director seat shall be empty. Any vacancy among the Appointed Directors shall be filled as if an Appointed Director had resigned, in accordance with Section 7.6. The successors of the initial members of the Board of Directors shall be appointed or elected, as the case may be, as follows:

The Board of Directors; Election and Appointment; Term; Manner of Acting. (a) The initial Board of Directors shall consist of the following five seven individuals, all of whom shall be Appointed Directors and serve until the 2014 Annual Meeting: Xxxxxx XxxxxxxxxSveinung Støhle, Sxxxxxx Xxxxxx, Cxxxxxxxxx Xxxxxx, Mxxxxx X. Xxxxx, Axxxxx Xxxxxxxx, Rxxxxx Xxxx Xxxxxxxxx, Xxxxx Dedegian, Xxxxxxx Xxxxxxxxxx, Xxxxxxxxx Xxxxxxxxxand Dxxxx Xxxxxx. Following the 2014 Annual Meeting, the Board of Directors shall consist of five seven individuals, two three of whom shall be Appointed Directors and three four of whom shall be Elected Directors. The Elected Directors shall be divided into three four classes: Class I, comprising one Elected Director, Class II, comprising one Elected Director, Class III, comprising one Elected Director and Class IIIIV, comprising one Elected Director. Any vacancy among the Appointed Directors shall be filled as if an Appointed Director had resigned, in accordance with Section 7.6. The successors of the initial members of the Board of Directors shall be appointed or elected, as the case may be, as follows:

The Board of Directors; Election and Appointment; Term; Manner of Acting. (a) The initial Board of Directors shall consist of the following five individuals, all of whom shall be Appointed Directors and serve until the 2014 2012 Annual Meeting: Xxxxxx XxxxxxxxxXxxx Xxxxxxxxxxx, Tor Olav Trøim, Xxxxxxxx Xxxxx, Xxxx XxxxxxxxxXxxxxx Aas and Xxxx Xxxxx Xx. Pursuant to Section 7.2(b), Xxxxx Dedegianprior to the 2012 Annual Meeting, Xxxxxxx Xxxxxxxxxx, Xxxxxxxxx Xxxxxxxxxthe General Partner may appoint two additional directors. Following the 2014 2012 Annual Meeting, the Board of Directors shall consist of five seven individuals, two three of whom shall be Appointed Directors and three four of whom shall be Elected Directors. The Elected Directors shall be divided into three classes: Class I, comprising one Elected Director, Class II, comprising one Elected Director, and Class III, comprising one two Elected DirectorDirectors. Any vacancy among the Appointed Directors shall be filled as if an Appointed Director had resigned, in accordance with Section 7.6. The successors of the initial members of the Board of Directors shall be appointed or elected, as the case may be, as follows:

The Board of Directors; Election and Appointment; Term; Manner of Acting. (a) The initial Upon the Closing Date, the Board of Directors shall consist of the following five seven individuals, all of whom shall be Appointed Directors and serve until the 2014 Annual Meeting: Xxxxxx Xxxxxxxxx, Xxxx Xxxxxxxxx, Xxxxx Dedegian, Xxxxxxx Xxxxxxxxxx, Xxxxxxxxx XxxxxxxxxDirectors. Following the 2014 Annual Meetingfirst annual meeting of Unitholders after the Closing Date, the Board of Directors shall consist of five seven individuals, two three of whom shall be which are Appointed Directors and three four of whom shall be which are Elected Directors. The Elected Directors shall be divided into three classes: Class I, comprising one two Elected DirectorDirectors, Class II, comprising one Elected Director, and Class III, comprising one Elected Director. Any The Board of Directors upon Closing shall consist of the following individuals, each of whom shall hold office until his or her successor is duly elected or appointed, as the case may be, and qualified, in accordance with subclauses (a)(i) and (a)(ii) below, or until his or her earlier death, resignation or removal: Appointed Directors: Xxxxxxxx Xxxxxxx, Xxxxxx Xxxxxxxxx and Xxxxxx Xxxxxx; Elected Directors: Class I: Xxxxxx Xxxxxx and Xxxx Karakadas, Class II: Xxxxxxxxxx Xxxxxx and Class III: Leonidas Korres. The vacancy among the Appointed Directors shall be filled as if an Appointed Director had resigned, in accordance with Section 7.6. The successors of the initial members of the Board of Directors shall be appointed or elected, as the case may be, as follows:

The Board of Directors; Election and Appointment; Term; Manner of Acting. (a) The initial Board of Directors shall consist of the following five individuals, all of whom shall be Appointed Directors and serve until the 2014 2013 Annual Meeting: Xxxx Xxxxxxxxxxx, Tor Olav Trøim, Xxxxxx Xxxxxxxx, Xxxx Xxxxxx and Xxxxxx Xxxxxxxxx. Pursuant to Section 7.2(b), Xxxx Xxxxxxxxxprior to the 2013 Annual Meeting, Xxxxx Dedegian, Xxxxxxx Xxxxxxxxxx, Xxxxxxxxx Xxxxxxxxxthe Seadrill Member may appoint two additional directors. Following the 2014 2013 Annual Meeting, the Board of Directors shall consist of five seven individuals, two three of whom shall be Appointed Directors and three four of whom shall be Elected Directors. The Beginning with the 2013 Annual Meeting, the Elected Directors shall be divided into three classes: Class I, comprising one Elected Director, Class II, comprising one Elected Director, and Class III, comprising one two Elected DirectorDirectors. Any vacancy among the Appointed Directors shall be filled as if an Appointed Director had resigned, in accordance with Section 7.6. The successors of the initial members of the Board of Directors shall be appointed or elected, as the case may be, as follows:

The Board of Directors; Election and Appointment; Term; Manner of Acting. (a) The initial Board of Directors shall consist of the following five four individuals, all of whom shall be Appointed Directors and serve until the 2014 2013 Annual Meeting: Xxxxxx XxxxxxxxxXxxxxx, Xxxx XxxxxxxxxXxxxxxx, Xxxxx Dedegian, Xxxxxxx Xxxxxxxxxx, Xxxxxxxxx XxxxxxxxxYutaka Higurashi and Yoshiyuki Konuma. Following the 2014 2013 Annual Meeting, the Board of Directors shall consist of five seven individuals, two three of whom shall be Appointed Directors and three four of whom shall be Elected Directors. The Elected Directors shall be divided into three four classes: Class I, comprising one Elected Director, Class II, comprising one Elected Director, Class III, comprising one Elected Director and Class IIIIV, comprising one Elected Director. Any vacancy among the Appointed Directors shall be filled as if an Appointed Director had resigned, in accordance with Section 7.6. The successors of the initial members of the Board of Directors shall be appointed or elected, as the case may be, as follows: