Classes of Directors. The Board of Directors shall be divided into three classes, as nearly equal in number as possible, designated as Class I, Class II and Class III. In case of any increase or decrease, from time to time, in the number of directors, the number of directors in each class shall be apportioned as nearly equal as possible.
Appears in 2 contracts
Sources: Merger Agreement (CBTX, Inc.), Merger Agreement (Allegiance Bancshares, Inc.)
Classes of Directors. The Board of Directors shall be divided into three classes, as nearly equal in number as possible, designated as designated: Class I, Class II and Class III. In case of any increase or decrease, from time to time, in the number of directorsDirectors, the number of directors Directors in each class shall be apportioned as nearly equal as possible. No decrease in the number of Directors shall shorten the term of any incumbent Director.
Appears in 1 contract
Sources: Shareholders Agreement (Gateway Casinos & Entertainment LTD)
Classes of Directors. The Board of Directors shall be and is divided into three classes, as nearly equal in number as possible, designated as designated: Class I, Class II and Class III. In case of any increase or decrease, from time to time, in the number of directors, the number of directors in each class shall be apportioned as nearly equal as possible. No decrease in the number of directors shall shorten the term of any incumbent director.
Appears in 1 contract