Common use of Vacancies and Newly Created Offices Clause in Contracts

Vacancies and Newly Created Offices. If any vacancy shall occur in any office by reason of death, resignation, removal, disqualification, or other cause, or if any new office shall be created, such vacancy or newly created office may be filled by the Board of Trustees at any regular or special meeting or, in the case of any office created pursuant to Section 4.13 hereof, by any officer upon whom such power shall have been conferred by the Board of Trustees. An officer chosen by the Board of Trustees to fill a vacancy or a newly created office shall serve until the next annual meeting of the Board of Trustees and until his successor shall have been chosen and qualified or until his earlier death, resignation or removal.

Vacancies and Newly Created Offices. If any vacancy shall occur in any office by reason of death, resignation, removal, disqualification, or other cause, or if any new office shall be created, such vacancy or newly created office may be filled by the Board of Trustees Managers at any regular or special meeting or, in the case of any office created pursuant to Section 4.13 hereof, by any officer upon whom such power shall have been conferred by the Board of TrusteesManagers. An officer chosen by the Board of Trustees Managers to fill a vacancy or a newly created office shall serve until the next annual meeting of the Board of Trustees Managers and until his successor shall have been chosen and qualified or until his earlier death, resignation or removal.