HONORARY DIRECTORS Clause Samples
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HONORARY DIRECTORS. The Board of Directors shall have the right to appoint, at its discretion, a maximum of fifteen (15) Honorary Directors. Each Honorary Director shall serve for a term of two (2) years, or until the next annual meeting after their second anniversary. Honorary Directors shall have the rights to attend meetings but cannot vote. These Bylaws were adopted by resolution of the Board of Directors of the Corporation on this day of , 20 . The process of starting a nonprofit organization generally involves:
1. drafting bylaws which sets forth the structure of the organization and creates a governing board with final authority for the organization,
2. incorporating as a nonprofit corporation in the state of choice, 3. obtaining tax-exempt status from the IRS and the state in which the organization is based, and
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HONORARY DIRECTORS. Honorary or advisory members of the Board of Directors, without voting power or power of final decision in matters concerning the business of the Association, may be appointed by resolution of a majority of the full Board of Directors, or by resolution of shareholders at any annual or special meeting. Honorary or advisory directors shall not be counted to determine the number of directors of the Association or the presence of a quorum in connection with any board action, and shall not be required to own qualifying shares.
HONORARY DIRECTORS. Any individual, whether an emeritus director or not, who has provided extraordinary service to the Corporation over a period of time, may be honored with the title “Honorary Director”, at the discretion of the Board, by a majority vote of the Board. Honorary Directors are elected for life, are not voting members of the Board and are permitted but not required to attend meetings.