The Board of Trustees. Section 1. NUMBER, ELECTION, TERM, REMOVAL AND RESIGNATION.
(a) The initial Board of Trustees shall be comprised of the Trustees entering into this Declaration of Trust on the date first written above, who shall hold office until the initial holder of a Share executes a consent in writing to elect a Board of Trustees that holds office in accordance with paragraph (c) of this Section 1. The initial Trustees shall (i) execute and file or cause to be filed the Certificate of Trust with the office of the Secretary of State of the State of Delaware and (ii) adopt the By-Laws. In accordance with Section 3801 of the DSTA, each Trustee shall become a Trustee and be bound by this Declaration of Trust and the By-Laws when such Person signs this Declaration of Trust as a trustee and/or is duly elected or appointed, qualified and serving on the Board of Trustees in accordance with the provisions hereof and the By-Laws, so long as such signatory or other Person continues in office in accordance with the terms hereof.
(b) The number of Trustees constituting the entire Board of Trustees may be fixed from time to time by the vote of a majority of the then Board of Trustees; PROVIDED, HOWEVER, that the number of Trustees shall in no event be less than one (1) nor more than fifteen (15). The number of Trustees shall not be reduced so as to shorten the term of any Trustee then in office.
(c) Each Trustee shall hold office for the lifetime of the Trust or until such Trustee's earlier death, resignation, removal, retirement or inability otherwise to serve, or, if sooner than any of such events, until the next meeting of Shareholders called for the purpose of electing Trustees or consent of Shareholders in lieu thereof for the election of Trustees, and until the election and qualification of his or her successor.
(d) Any Trustee may be removed, with or without cause, by the Board of Trustees, by action of a majority of the Trustees then in office, or by vote of the Shareholders at any meeting called for that purpose.
(e) Any Trustee may resign at any time by giving written notice to the secretary of the Trust or to a meeting of the Board of Trustees. Such resignation shall be effective upon receipt, unless specified to be effective at some later time.
The Board of Trustees of the Fund shall promptly notify the Insurer in writing of its determination of the existence of an irreconcilable material conflict and its implications.
The Board of Trustees. 14 Section 1.Number, Election, Term, Removal and Resignation......................................14 Section 2.Trustee Action by Written Consent Without a Meeting..........................................15
The Board of Trustees. 7 Section 1. Number, Election and Tenure................................................................
The Board of Trustees. 14 Section 1. Number, Election, Term, Removal and Resignation. 14
The Board of Trustees. 13
Section 1. Number, Election and Tenure 13 Section 2. Effect of Death, Resignation, Removal, etc. of a Trustee 14 Section 3. Powers 14 Section 4. Payment of Expenses by the Trust 15 Section 5. Ownership of Trust Property 15 Section 6. Service Contracts 16
The Board of Trustees. 12 SECTION 1. NUMBER, ELECTION, TERM, REMOVAL AND RESIGNATION............12
The Board of Trustees. 8 Section 1. Number, Election and Tenure........................
The Board of Trustees. 12 Section 1. Number, Election, Term, Removal and Resignation. 12 Section 2. Trustee Action by Written Consent Without a Meeting 13 Section 3.
The Board of Trustees. 13 SECTION 1. NUMBER, ELECTION, TERM, REMOVAL AND RESIGNATION.......................................13 SECTION 2. TRUSTEE ACTION BY WRITTEN CONSENT WITHOUT A MEETING...................................14
