Advisory Directors. The Board of Directors may by resolution appoint advisory directors to the Board, who may also serve as directors emeriti, and shall have such authority and receive such compensation and reimbursement as the Board of Directors shall provide. Advisory directors or directors emeriti shall not have the authority to participate by vote in the transaction of business.
Advisory Directors. Following the Effective Time of the Holding Company Merger, City Holding agrees to appoint members of the Board of Directors of Raleigh, Summers, Greenbrier, Marlinton and Twentieth as advisory directors of City National, but this undertaking shall not create any obligation on City Holding's part to appoint any particular director as an advisory director for any particular term. City Holding agrees, for three years from the Effective Time of the Holding Company Merger, to maintain deferred compensation plans for directors, with similar benefits, and shall not terminate or reduce any benefits of any person thereunder which have been accrued, funded or vested.
Advisory Directors. The Board may appoint Advisory Directors (who may be invited by the Board to serve the Board in an advisory capacity and attend meetings of the Board, but who will not be members of the Board or “Directors” as used in this Agreement or the Act and who will have no voting rights on the Board) as provided in Section 5.3(d). Other than the initial appointment (which may only be for a term that ends with the next election of Directors by the Members), Directors and Advisory Directors appointed by the Board shall have one-year terms beginning and ending at the Annual Members meeting.
Advisory Directors. The Board may, from time to time, elect one or more Advisory Directors, each of whom shall serve until the first meeting of the Board next following the annual meeting of the Members or until his earlier resignation or removal by the Board. Advisory Directors shall serve as advisors and consultants to the Board, shall be invited to attend all meetings of the Board and may participate in all discussions occurring during such meetings. Advisory Directors shall not be privileged to vote on matters brought before the Board and shall not be counted for the purpose of determining whether a quorum of the Board is present.
Advisory Directors. Prior to the Closing, the Seller will terminate the services of all advisory directors of the Branch, and pay all fees owed to such directors.
Advisory Directors. The Board may elect one or more advisory directors, each of whom shall have such powers and perform such duties as the Board shall assign to them. Any advisory director may be removed, either with or without cause, at any time. Nothing herein contained shall be construed to preclude any advisory director from serving the Corporation in any other capacity as an officer, agent or otherwise, or receiving compensation therefor.
Advisory Directors. Upon the Bank Effective Time, each member of the Board of Directors of Mocksville in office immediately prior thereto shall be appointed to CCB Bank's Mocksville Advisory Board and, for a period of two (2) years from the Bank Effective Time, shall be paid for his or her service thereon an annual amount equal to the current annual director's fee received by him or her from Mocksville as of the date of this Agreement. After such two (2) year period, the members of CCB Bank's Mocksville Advisory Board and such Board shall be subject to the compensation, participation, retirement and other policies of CCB Bank applicable to its local advisory boards.
Advisory Directors. The directors and employees of BBI named on ------------------ Exhibit 1.01(g) hereto shall be entitled to become a member of the Barrington, Illinois Advisory Board (to be established by FCN upon the Effective Time) for such terms set forth on such Exhibit. Meetings of the Barrington, Illinois Advisory Board shall be held at least once every six months, and each member of the Barrington, Illinois Advisory Board shall receive compensation of $250 per meeting attended.
Advisory Directors. The board may appoint advisory directors who shall act only in the capacity of providing general policy advice to the board. In any action where a recorded vote of the directors is taken, the vote of elected directors shall determine the outcome.
Advisory Directors. The Board of Directors shall have the authority to elect a board of outside directors consisting of multiple members, which number can be increased or decreased by a vote of the shareholders. The outside directors shall not be shareholders or officers of the Corporation, and shall not have voting powers, but rather are to act in the capacity of consulting and advising the Board of Directors at their invitation.
