How often do members of the Board of Directors stand for election?
The Directors are divided into three Classes, designated as Class I, Class II and Class Ill. Each class consists, as nearly as may be possible, of one-third of the total number of directors constituting the entire Board. At each Annual Meeting of Shareholders, successors to the class of directors whose term expires at that Annual Meeting of Shareholders are submitted for election for a new three-year term.
