Term of Chair Sample Clauses

Term of Chair. (a) A Chair designated pursuant to subsection 5.1(a) shall serve for a term determined by the Trustees appointed under Section 4.1, which term shall not exceed three years, subject to that individual’s resignation, death or removal by the Trustees in accordance with subsection 5.2(e). (b) A Chair appointed pursuant to subsection 5.1(b) shall serve for a term determined by the Trustees appointed under Section 4.1, which term shall not exceed three years, subject to that individual’s resignation, death or removal by the Trustees in accordance with subsection 5.2(e). (c) The term of a Chair designated pursuant to subsection 5.1(a) shall coincide with that person’s term of appointment as Trustee such that, in the normal course, the individual’s term as Chair and term as Trustee shall expire on the same date. (d) A designation pursuant to subsection 5.1(a) or an appointment pursuant to subsection 5.1(b) may be renewed by the Trustees appointed under Section 4.1. (e) The Trustees appointed under Section 4.1 may remove at any time a Chair designated pursuant to subsection 5.1(a) or appointed pursuant to subsection 5.1(b). (f) A Chair designated pursuant to subsection 5.1(a) who ceases to hold office for any reason shall not cease to be a Trustee because he or she has ceased to be Chair. The person who ceased to be Chair shall remain a Trustee until he or she resigns, dies or is removed as Trustee in accordance with the provisions of this Agreement. (g) A Chair designated pursuant to subsection 5.1(a) who ceases to be a Trustee for any reason shall cease to be Chair effective the date upon which the person ceases to be a Trustee. (h) A Chair appointed pursuant to subsection 5.1(b) who ceases to hold office as Chair for any reason shall cease to be a Trustee effective the date upon which the person ceases to be Chair. (i) If a Chair ceases to hold office at any time for any reason, the Trustees appointed under Section 4.1 shall forthwith designate a replacement in accordance with Section 5.1.
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Term of Chair. The Chair shall serve for a term designated by the Trustees. The Trustees may remove a Chair from office before the term expires provided that person shall not cease to be a Trustee until that individual’s term as Trustee expires without being renewed or the Trustee resigns, dies, or is removed as a Trustee by the party who appointed the Trustee. If the Trustee so removed is an Employer Trustee the Trustees shall appoint a replacement Employer Trustee for the balance of the term and if the Trustee so removed is a Member Trustee the Trustees shall appoint a replacement Member Trustee for the balance of the term.
Sample 1
Term of Chair. A Chair designated pursuant to subsection 5.2(a) or appointed pursuant to subsection 5.2(b) shall serve for a term determined by the Board, which term shall not exceed three years, subject to that individual’s resignation, death or removal in accordance with Section 4.5. A designation pursuant to subsection 5.2(a) or an appointment pursuant to subsection 5.2(b) may be renewed by the Trustees appointed under Section 4.1. The Trustees appointed under Section 4.1 may remove at any time a Chair designated pursuant to subsection 5.2(a) or appointed pursuant to subsection 5.2(b). A Chair designated pursuant to subsection 5.2(a) who ceases to hold office for any reason shall not cease to be a Trustee because that individual ceased to be Chair. The individual who ceased to be Chair shall remain a Trustee until the individual ceases to be a Trustee in accordance with the provisions of this Joint Trust Agreement. A Chair designated pursuant to subsection 5.2(a) who ceases to be a Trustee for any reason shall cease to be Chair effective the date upon which the person ceases to be a Trustee. A Chair appointed pursuant to subsection 5.2(b) who ceases to hold office as Chair for any reason shall cease to be a Trustee effective the date upon which the person ceases to be Chair. If a Chair ceases to hold office at any time for any reason, the Board appointed under Section 4.1 shall forthwith designate a replacement in accordance with Section 5.2.
Sample 1

Related to Term of Chair

  • Term of Company The Company commenced on the date the Certificate of Formation was properly filed with the Secretary of State of the State of Delaware and shall exist in perpetuity or until its business and affairs are earlier wound up following proper dissolution.

  • Term of MOU This MOU is effective upon the day and date last signed and executed by the duly authorized representatives of the parties to the MOU and governing bodies of the parties and shall remain in full force and effect upon the completion of the annual meeting for which the VFW Host Department, has agreed to host.

  • Term of Use Registry Operator, through CZDA Provider, will provide each user with access to the zone file for a period of not less than three (3) months. Registry Operator will allow users to renew their Grant of Access.

  • Term of Appointment A regular appointment is normally made for a term of up to five years. When a vacancy exists, either because there is no incumbent or because the incumbent is temporarily absent, the University Librarian may make an acting appointment for a period of not more than twelve months.

  • Term of Contract The term of this Contract shall be one (1) year commencing on the last date of approval by DIR and Vendor. Prior to expiration of the original term, DIR and Vendor may extend the Contract, upon mutual agreement, for up to three (3) optional one-year terms. Additionally, the parties by mutual agreement may extend the term for up to ninety (90) additional calendar days.

  • Term of Services The term of this Agreement shall begin on the Effective Date and shall end on , the date of completion specified in Exhibit A, and Consultant shall complete the work described in Exhibit A on or before that date, unless the term of the Agreement is otherwise terminated or extended, as provided for in Section 8. The time provided to Consultant to complete the services required by this Agreement shall not affect the City’s right to terminate the Agreement, as referenced in Section 8.

  • Term of Consultancy Company hereby agrees to retain the Consultant to act in a consulting capacity to the Company, and the Consultant hereby agrees to provide services to the Company commencing on the Effective Date and ending 6 months from the Effective Date unless terminated pursuant to Section 8 of this Agreement.

  • Term of Agreement; Termination A. The term of this Agreement shall commence on the date hereof. B. This Agreement shall terminate at the Effective Time of the Merger or the earlier of (i) at any time prior to consummation of the Merger by the written consent of the parties hereto and (ii) termination of the Merger Agreement in accordance with its terms. Upon such termination, no party shall have any further obligations or liabilities hereunder; provided, however, such termination shall not relieve any party from liability for any willful breach of this Agreement prior to such termination.

  • Term of the Company The term of the Company commenced on the Formation Date and shall continue in existence until termination and dissolution thereof as determined under Section 21 of this Agreement; provided that this Agreement shall remain in full force and effect notwithstanding the termination and dissolution of the Company.

  • Term of Engagement (a) This Agreement will remain in effect until April 15, 2010, after which either party shall have the right to terminate it on thirty (30) days prior written notice to the other. The date of termination of this Agreement is referred to herein from time to time as the "Termination Date." The period of time during which this Agreement remains in effect is referred to herein from time to time as the "Term". If, within two years after the Termination Date, the Company completes any private financing of equity or debt or other capital raising activity of the Company (other than the exercise by any person or entity of any options, warrants or other convertible securities other than the warrants issued pursuant to this Agreement) with any of the Investors who were first introduced to the Company in connection with the financing contemplated hereby by Xxxxx and disclosed to the Company in writing prior to its introduction to the Company, the Company will pay to Maxim upon the closing of such financing the compensation set forth in Sections 3(a) as a "Source Fee". (b) Notwithstanding anything herein to the contrary, subject to the two years limitation described in Section 4(a) above, the obligation to pay the compensation and expenses described in Section 3, this Section 4, Sections 5, 7 and 9-17 and all of Exhibit A attached, hereto (the terms of which are incorporated by reference hereto), will survive any termination or expiration of this Agreement. The termination of this Agreement shall not affect the Company's obligation to pay fees to the extent provided for in Section 3 herein and shall not affect the Company's obligation to reimburse the expenses accruing prior to such termination to the extent provided for herein. All such fees and reimbursements due shall be paid to the Placement Agent on or before the Termination Date (in the event such fees and reimbursements are earned or owed as of the Termination Date) or upon the closing of the Offering or any applicable portion thereof (in the event such fees are due pursuant to the terms of Section 3 hereof).

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