Community Trustees Clause Samples
Community Trustees. 50A. The Members may, at their sole discretion, appoint Staff Trustees through such process as they may determine provided that the total number of Trustees including the Principals who are employees of the Company does not exceed one third of the total number of Trustees.
Community Trustees. To qualify as a Community Trustee, a candidate must be either (a) a shareholder of Donor immediately prior to the Effective Date or (b) an heir, as defined by the New Mexico laws of intestacy in effect at the time of the designation, of such a shareholder.
Community Trustees. Any vacancy in the office of a Community Trustee shall be filled by a majority of the remaining Trustees.