Virginia Proposed agreement with chairman of the board
Description
How to fill out Proposed Agreement With Chairman Of The Board?
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FAQ
Removal of directors. A. The members may remove one or more directors with or without cause, unless the articles of incorporation provide that directors may be removed only with cause.
§ 13.1-857. The terms of the initial directors of a corporation expire at the first members' meeting at which directors are elected, or if there are no members or the corporation's members do not have voting rights, at the end of such other period as may be specified in the articles of incorporation.
A board of directors shall consist of one or more individuals, with the number specified in or fixed in ance with the bylaws, or if not specified in or fixed in ance with the bylaws, with the number specified in or fixed in ance with the articles of incorporation.
A. Where there are no members, or no members having voting rights, an amendment shall be adopted at a meeting of the board of directors upon receiving the vote of at least two-thirds of the directors in office.
Terms of directors generally. A. In the absence of a provision in the articles of incorporation fixing a term of office, the term of office for a director shall be one year.
Quorum and voting by directors. 2. A majority of the number of directors prescribed, or if no number is prescribed, the number in office immediately before the meeting begins, if the corporation has a variable-range size board.
A. Unless the articles of incorporation or bylaws provide otherwise, a board of directors may create one or more committees and appoint members of the board of directors to serve on them. Each committee shall have two or more members, who serve at the pleasure of the board of directors.