Common use of INITIAL TERMS Clause in Contracts

INITIAL TERMS. In appointing the initial Board, the Secretary shall designate five of the appointed directors for initial terms of 3 years, five of the appointed directors for initial terms of 2 years, and five of the appointed directors for initial terms of 1 year.

Appears in 12 contracts

Sources: Unified Carrier Registration Agreement, Unified Carrier Registration Agreement, Unified Carrier Registration Agreement