This excerpt taken from the VRSN 8-K filed Mar 6, 2007.
ARTICLE II, SECTION 3. [Conditional upon the approval of VeriSigns stockholders of an amendment to the Restated Certificate of Incorporation at the 2007 Annual Meeting of Stockholders.]
Section 3. Election and Tenure. The term of office of each director who is in office immediately prior to the closing of the polls for the election of directors at the 2008 Annual Meeting of Stockholders shall remain unchanged. Commencing with the 2008 Annual Meeting of Stockholders, each director elected to the Board of Directors at the 2008 Annual Meeting and at each Annual Meeting thereafter, shall hold office until the next succeeding annual meeting of stockholders and shall serve until such directors successor is elected and qualified, or until such directors earlier death, resignation or removal.