Common use of Vacancies; Increases in the Number of Directors Clause in Contracts

Vacancies; Increases in the Number of Directors. Unless otherwise provided in this Agreement, 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, although less than a quorum, or a sole remaining Director; and any Director so chosen shall hold office until the next annual election and until his successor shall be duly elected and shall qualify, unless sooner displaced. Notwithstanding the foregoing, any vacancy with respect to a Peabody Designee will be filled solely by Peabody.

Vacancies; Increases in the Number of Directors. Unless otherwise provided in this Agreement, 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, although less than a quorum, or a sole remaining Director; and any Director so chosen shall hold office until the next annual election and election, or until his successor shall be duly elected and shall qualify, unless sooner displaced. Notwithstanding the foregoing, any vacancy with respect to a Peabody Designee will be filled solely by Peabody.

Vacancies; Increases in the Number of Directors. Unless otherwise provided in this Agreement, 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, although less than a quorum, or a sole remaining Director; and any Director so chosen shall hold office until the next annual election meeting and until his successor shall be duly elected and shall qualify, unless sooner displaced. Notwithstanding the foregoing, any vacancy with respect to a Peabody Designee will be filled solely by Peabody.