Common use of Term of Office and Succession Clause in Contracts

Term of Office and Succession. Each Trustee shall be appointed to serve an initial term of three (3) years. Notwithstanding, OSBCU\CUPE and CTA/CAE and the Crown may each determine to appoint one or more of their initial Trustees for a term of fewer than three (3) years. A succession plan will be designed by the Trustees so that the terms of no more than three Trustees expire in any twelve month period. Any Trustee may be reappointed, provided that no person may serve as a Trustee for more than nine (9) years.

Appears in 3 contracts

Samples: Trust Agreement, Trust Agreement, Trust Agreement

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Term of Office and Succession. Each Trustee shall be appointed to serve an initial term of three (3) years. NotwithstandingThe Trustees may be reappointed twice, OSBCU\CUPE subject to a maximum tenure of nine (9) years. Notwithstanding the foregoing, AEFO and CTA/CAE and the Crown may each determine to appoint one or more of their initial Trustees for a term of fewer than three (3) years. A succession plan will be designed by the Trustees so that the terms of no more than three Trustees expire in any twelve month period. Any Trustee may be reappointed, provided that no person may serve as a Trustee for more than nine (9) years.years.β€Œ

Appears in 2 contracts

Samples: Trust Agreement, Trust Agreement

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Term of Office and Succession. Each Trustee shall be appointed to serve an initial term of three (3) years. Notwithstanding, OSBCU\CUPE the Principals' and CTAVice-Principals' Associations and CAEAS/CAE ECAB as well as the Trustees' Associations and the Crown may each determine to appoint one or more of their initial Trustees for a term of fewer than three (3) years. A succession plan will be designed by the Trustees so that the terms of no more than three Trustees expire in any twelve month period. Any Trustee may be reappointed, provided that no person may serve as a Trustee for more than nine (9) years.

Appears in 2 contracts

Samples: Trust Agreement, Trust Agreement

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