Number and Term. The number of directors shall be fixed from time to time by the Board of Directors. The Board of Directors shall be elected by the stockholders at their annual meeting, and each director shall be elected to serve for the term of one year or until his or her successor is elected and qualified or until his or her earlier death, resignation, disqualification or removal. Directors need not be stockholders.
Appears in 2 contracts
Sources: Merger Agreement (Zayo Group LLC), Merger Agreement (Abovenet Inc)
Number and Term. The number of directors shall be fixed from time to time by resolution of the Board of DirectorsDirectors and shall initially be ten (10). The Board of Directors shall be elected by the stockholders at their annual meeting, and each director shall be elected to serve for the term of one year or and until his or her successor is shall be elected and qualified or until his or her earlier death, resignation, disqualification resignation or removal. Directors need not be stockholders.
Appears in 2 contracts
Sources: Merger Agreement (Alpha Natural Resources, Inc.), Merger Agreement (Foundation Coal Holdings, Inc.)
Number and Term. The number of directors shall be fixed from time to time by resolution of the Board stockholders, provided that the number of Directorsdirectors may not be less than three unless all the shares of the corporation are owned beneficially and of record by either one or two stockholders, in which event the number of directors may be less than three but not less than the number of stockholders. The Board of Directors directors shall be elected by at the annual meeting of the stockholders at their annual meeting, and each director shall be elected to serve for the term of one year or until his or her successor is shall be duly elected and qualified or until his or her earlier death, resignation, disqualification or removal. Directors need not be stockholdersqualified.
Appears in 1 contract
Number and Term. The number of directors shall be fixed from time to time by the Board of Directors. The Board of Directors shall be fixed by resolution of the shareholders or the Board of Directors within the limits specified in the Certificate of Incorporation. The Directors shall be elected by at the stockholders at their annual meetingmeeting of the shareholders, and each director Director so elected shall be elected to serve hold office for the term of one year and until the next succeeding annual meeting and until his successor shall have been elected and qualified, or until his or her successor is elected and qualified or until his or her earlier death, resignation, disqualification removal from office, death or removal. Directors need not be stockholdersincapacity.
Appears in 1 contract
Sources: Securities Purchase Agreement (American Skiing Co /Me)
Number and Term. The number of directors shall be fixed from time to time by the Board of Directors--------------- at four. The Board of Directors shall be elected by the stockholders at their annual meeting, and each director shall be elected to serve for the term of one year or and until his or her successor is shall be elected and qualified or until his or her earlier death, resignation, disqualification resignation or removal. Directors need not be stockholders.
Appears in 1 contract
Sources: Stock and Interest Purchase Agreement (Homestore Com Inc)