Common use of Initial Board of Directors Clause in Contracts

Initial Board of Directors. The names and mailing addresses of the initial members of the Board of Directors are: • [Name], [Address]; • [Name], [Address]; and • [Name], [Address]. I, THE UNDERSIGNED, being the incorporator, for the purpose of forming a corporation under the laws of the State of Delaware do make, file and record this Certificate, do certify that the facts herein stated are true, and, accordingly, have hereto set my hand this ___day of _________, 2024. [Name] ARTICLE I OFFICES 1 SECTION 1. Registered Office 1 SECTION 2. Other Offices 1 ARTICLE II STOCKHOLDERS 1 SECTION 1. Time and Place of Meetings 1 SECTION 2. Annual Meetings 1 SECTION 3. Special Meetings 1 SECTION 4. Notice of Meetings 1 SECTION 5. Quorum; Adjournment; Postponement 2 SECTION 6. Organization 3 SECTION 7. Voting; Proxies; Required Vote 4 SECTION 8. Inspectors of Election 5 SECTION 9. Advance Notice Procedures for Stockholder Nominations of Directors and Other Business 5 SECTION 10. Submission of Questionnaire, Representation and Agreement 11 SECTION 11. Fixing Date for Determination of Stockholders of Record 12 SECTION 12. List of Stockholders Entitled to Vote 13 ARTICLE III BOARD OF DIRECTORS 13 SECTION 1. General Powers 13 SECTION 2. Number, Term and Qualification; Remuneration 14 SECTION 3. Quorum and Manner of Voting 14 SECTION 4. Places of Meetings; Conference Telephone Meetings 14 SECTION 5. Regular Meetings 14 SECTION 6. Special Meetings 14 SECTION 7. Notice of Meetings 14 SECTION 8. Chairman of the Board 15 SECTION 9. Organization 15 SECTION 10. Resignation 15 SECTION 11. Vacancies 15 SECTION 12. Removal of Director 15 SECTION 13. Action by Written Consent 16 ARTICLE IV COMMITTEES 16 SECTION 1. Appointment 16 SECTION 2. Procedures, Quorum and ▇▇▇▇▇▇ of Acting 16 SECTION 3. Action by Written Consent 16 SECTION 4. Term; Termination 17 SECTION 5. Reliance on Books and Records 17 ARTICLE V OFFICERS 17 SECTION 1. Generally 17 SECTION 2. Resignation; Removal 17 SECTION 3. Chief Executive Officer 17 SECTION 4. President 18 SECTION 5. Vice-President 18 SECTION 6. Treasurer 18 SECTION 7. Chief Financial Officer 18 SECTION 8. Secretary 18 SECTION 9. Salaries 18 ARTICLE VI BOOKS AND RECORDS 19 SECTION 1. Location 19 ARTICLE VII STOCK 19 SECTION 1. Stock; Signatures 19 SECTION 2. Transfers of Stock 19 SECTION 3. Fractional Shares 19 SECTION 4. Lost, Stolen or Destroyed Certificates 20 ARTICLE VIII DIVIDENDS 20 ARTICLE IX CORPORATE SEAL 20 ARTICLE X FISCAL YEAR 20 ARTICLE XI WAIVER OF NOTICE 20 ARTICLE XII BANK ACCOUNTS, DRAFTS, CONTRACTS, ETC. 20 SECTION 1. Bank Accounts and Drafts 20 SECTION 2. Contracts 21 SECTION 3. Proxies; Powers of Attorney; Other Instruments 21 ARTICLE XIII INDEMNIFICATION OF DIRECTORS AND OFFICERS 21 SECTION 1. Right to Indemnification 21 SECTION 2. Notification of Claim 22 SECTION 3. Right of Covered Person to Bring Suit 22 SECTION 4. Non-Exclusivity of Rights 22 SECTION 5. Nature of Rights 23 SECTION 6. Right to Advancement of Expenses 23 SECTION 7. Savings Clause 23 SECTION 8. Indemnification of Other Persons 23 SECTION 9. Indemnification Agreements; Insurance 24 SECTION 10. Definitions 24 SECTION 11. Notice 24 ARTICLE XIV AMENDMENTS 24 ARTICLE XV NOTICE BY ELECTRONIC TRANSMISSION 25 SECTION 1. Notice of Electronic Transmission 25