APPOINTMENT OF ADDITIONAL DIRECTORS Sample Clauses
The 'Appointment of Additional Directors' clause defines the process by which a company’s board can add new directors outside of the regular shareholder meeting cycle. Typically, this clause outlines who has the authority to appoint additional directors—often the existing board members—and may specify limits on the number of such appointments or the duration of their tenure until the next general meeting. Its core function is to provide flexibility in board composition, ensuring that the company can promptly fill vacancies or bring in new expertise as needed without waiting for formal shareholder approval.
POPULAR SAMPLE Copied 1 times
APPOINTMENT OF ADDITIONAL DIRECTORS. If the Articles of the Corporation so provide, the Directors may, within the maximum number permitted by the Articles, appoint one or more additional Directors, who shall hold office for a term expiring not later than the close of the next annual meeting of the shareholders, but the total number of Directors so appointed may not exceed one third of the number of Directors elected at the previous annual meeting of shareholders.
APPOINTMENT OF ADDITIONAL DIRECTORS. The Board of Directors of Parent shall take action prior to the Effective Time to cause the number of directors comprising the full Board of Directors of Parent immediately following the Effective Time to be increased to 11 persons, and cause ▇▇▇▇▇ ▇. ▇▇▇▇▇, ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇. ▇▇▇▇ to be elected to the Board of Directors of Parent to hold office from the period commencing one business day after the Effective Time until their respective successors are duly elected or appointed and qualified in the manner provided in the Parent Charter Documents or as otherwise provided by law.
APPOINTMENT OF ADDITIONAL DIRECTORS. The Secretary of State may give a warning notice to the Directors where he is satisfied—
APPOINTMENT OF ADDITIONAL DIRECTORS. The Board, acting unanimously, may, between annual meetings of Shareholders, appoint one or more additional Directors to serve until the next annual meeting of Shareholders, on the condition that the number of additional Directors shall not at any time exceed one-third of the number of Directors who held office at the expiration of the last annual meeting of Shareholders.
APPOINTMENT OF ADDITIONAL DIRECTORS. Subject as aforesaid, the Company by ordinary resolution may appoint a person to be a Director either to fill a vacancy or as an additional Director and may also determine the rotation in which any additional Directors are to retire. The Directors may appoint a person who is willing to act to be a Director, either to fill a vacancy or as an additional Director, provided that the appointment does not cause the number of Directors to exceed any number fixed by or in accordance with these Articles as the maximum number of Directors. A Director so appointed shall hold office only until the next following annual general meeting and shall not be taken into account in determining the Directors who are to retire by rotation at the meeting. If not re-appointed at such annual general meeting, such Director shall vacate office at the conclusion thereof.
APPOINTMENT OF ADDITIONAL DIRECTORS. Acquiror shall take such action as may be required so that immediately after the Effective Date Acquiror Board shall consist of four (4) individuals designated by Acquiror and three (3) individuals designated by the Company. No less than three (3) Business Days prior to the Effective Date, Acquiror and the Company shall inform the other in writing of the Persons to be so designated.
APPOINTMENT OF ADDITIONAL DIRECTORS. As soon as practicable after Closing, Acquiror shall appoint three additional persons to serve on its board of directors, each of which shall be independent.
APPOINTMENT OF ADDITIONAL DIRECTORS. Subject to the EAC membership requirements in ORS 342.940 and 342.943, a majority of the Board may propose to increase or decrease the number of Directors at any time. Any new Directors proposed under this Article 3, section 4.d shall be subject to the applicable quorum, voting, and appointment processes in Article 3.
i) If the Board increases the number of Directors, the Board may select a new Rotating Director or a non-voting, ex-officio Director (“Ex-Officio Director”) to fill that new seat.
APPOINTMENT OF ADDITIONAL DIRECTORS. The Secretary of State may give a warning notice to the Directors which he shall copy to the Diocesan ▇▇▇▇▇▇ and the Trustees where he is satisfied—
APPOINTMENT OF ADDITIONAL DIRECTORS. The Directors may, within the maximum number permitted by the Articles, appoint one or more additional Directors, who shall hold office for a term