This excerpt taken from the LLY DEF 14A filed Mar 5, 2007.
Item 1. Election of Directors
Under the companys articles of incorporation, the board is divided into three classes with approximately one-third of the directors standing for election each year. The term for directors elected this year will expire at the annual meeting of shareholders held in 2010. Each of the nominees listed below has agreed to serve that term. If any director is unable to stand for election, the board may, by resolution, provide for a lesser number of directors or designate a substitute. In the latter event, shares represented by proxies may be voted for a substitute director.
The board recommends that you vote FOR each of the following nominees:
Biographical information about these nominees may be found on page 7 of this proxy statement.