Common use of Role of the Board Clause in Contracts

Role of the Board. The members of the Committee and the Trustee shall be appointed or approved by and shall serve at the pleasure of the Board. The Board may in its discretion from time to time remove members from or add members to the Committee and may remove, replace or add one or more Trustees.

Role of the Board. The members of the Committee and the Trustee Trustee(s) shall be appointed or approved by and shall will serve at the pleasure of the Board. The Board may in its discretion from time to time remove members from or add members to the Committee and may remove, replace or add one or more TrusteesTrustee(s).

Role of the Board. The members of the Committee and the Trustee shall be appointed or approved by by, and shall will serve at the pleasure of of, the Board. The Board may in its discretion from time to time remove members from from, or add members to to, the Committee, and may remove or replace the Trustee, provided that any directors who are selected as members of the Committee shall not be officers or employees of the Corporation and may remove, replace or add one or more Trusteesshall be "disinterested persons" within the meaning of Rule 16b-3 promulgated under the Exchange Act.

Role of the Board. The members of the Committee and the Trustee or Trustees shall be appointed or approved by by, and shall will serve at the pleasure of of, the Board. The Board may in its discretion from time to time remove members from from, or add members to to, the Committee Committee, and may remove, replace or add one Trustees, provided that any directors who are selected as members of the Committee shall not be officers or more Trusteesemployees of the Company and shall be "disinterested persons" within the meaning of Rule 16b-3 promulgated under the Exchange Act.