Election of Managers. Each Manager shall be appointed by the Member or Members to serve for a term of one year and until his or her successor is appointed, or until his or her earlier resignation or removal. Vacancies created by reason of an increase in the number of Managers during the course of the year may be filled as provided below. A Manager need not be a Member of the Company.
Appears in 3 contracts
Sources: Operating Agreement (Inland Diversified Real Estate Trust, Inc.), Operating Agreement (Inland American Real Estate Trust, Inc.), Operating Agreement (Inland Real Estate Corp)