Common use of Number, Tenure and Qualification Clause in Contracts

Number, Tenure and Qualification. The number of directors of the corporation shall be fixed from time to time by resolution of the Board of Directors, but in no instance shall there be less than one director or that number otherwise required by law. Each director shall hold office until the next annual meeting of shareholders or until his successor shall have been elected and qualified. Directors need not be residents of the State of Nevada or shareholders of the corporation.