; and (2) subject to subsection (e), serve until replaced by a majority vote of the Directors. (e) Terms (1) Initial terms The term of each Director appointed, or nominated and selected, before the date of transfer (other than the CEO) shall expire on the date that is 2 years after the date of transfer. (2) Subsequent terms The term of each Director appointed, or nominated and selected, on or after the date of transfer (other than the CEO) shall be 5 years, except as provided by paragraph (3). (3) Staggering The Board shall stagger the duration of the terms of the initial Directors appointed, or nominated and selected, after the date of transfer to promote the stability of the Board. (f) Vacancies (1) Before date of transfer Before the date of transfer, a vacancy on the Board shall be filled in the manner in which the original appointment or selection was made. (2) After date of transfer After the date of transfer, a vacancy on the Board shall be filled in the manner in which the original appointment was made (in the case of Directors appointed under subsection (b)(2)) or in the manner described under subsection (c)(2) (in the case of Directors nominated by Nomination Panels or the Board). (3) Service until successor takes office A Director may serve after the expiration of the Director’s term until a successor has been appointed or nominated and selected. (g) Meetings and quorum (1) Meetings (A) In general The Board shall meet at the call of the Chairperson (or as otherwise provided in the bylaws) and, at a minimum, on a quarterly basis. (B) Initial meeting Not later than 90 days after the date of enactment of this subtitle, the Board shall hold its initial meeting. (C) In-person meeting At least 1 meeting of the Board each year shall be conducted in person. (2) Quorum A quorum of the Board, consisting of a majority of the Directors then in office, shall be required to conduct any business of the Board. (3) Approval of Board actions Except as otherwise provided, the threshold for approving Board actions shall be