Vacancies and New Directorships. Vacancies and newly created directorships resulting from any increase in the authorized number of directors may be filled by a majority of the directors then in office, though less than a quorum, or by a sole remaining director. The term of a director elected to fill a newly created directorship or other vacancy shall continue until the next annual meeting and until their successors are elected and have qualified.
Appears in 3 contracts
Samples: First Amendment (Computer Software Innovations Inc), Preferred Stock Purchase Agreement (Computer Software Innovations Inc), Agreement and Plan of Merger (Computer Software Innovations Inc)
Vacancies and New Directorships. Vacancies and newly created directorships resulting from any increase in the authorized number of directors which occur between annual meetings of the stockholders may be filled by a majority of the directors then in office, though less than a quorum, or by a sole remaining director. The term of a director , and the directors so elected to fill a newly created directorship or other vacancy shall continue hold office until the next annual meeting of the stockholders and until their successors are elected and have qualified, except as required by law.
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Applied Nanotech Holdings, Inc), Agreement and Plan of Merger (Hewitt Associates Inc)
