Terms and Conditions of BDC Sample Clauses

Terms and Conditions of BDC a. The Chairperson and other Members, excepting IBF, ISA, AAAI Members (Stakeholder Members), shall hold office for a period of three (3) years. However, the term of IBF, ISA, AAAI Members shall be of two (2) years. b. The process of appointment of new BDC Member shall be initiated by the BARC Board at least 30 days prior to the expiry of the term of the concerned BDC Member. Provided also that where a person nominated as a Member of the BDC is found unfit to hold office as Member of the BDC, the BARC Board may remove such person from being Member and thereupon, such Member shall forthwith cease to be a Member of the BDC. c. All Members including the Chairperson nominated in the BDC shall be eligible for re-nomination after expiry of his/her tenure of 2 years or 3 years as applicable. d. The Chairperson and any other Member may resign from BDC by giving thirty (30) days notice in writing to the BARC Board, and upon such resignation being accepted by the BARC Board and after completion of the notice period of thirty (30) days, the Chairperson or the Member shall be deemed to have vacated his/her office. e. Any vacancy arising as above or otherwise shall be filled, as soon as may be, by nomination in the same manner in which the Member vacating office was nominated.
Sample 1
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