Terms of Trustees. The term of office of each Trustee is a six-year period, ending on March 31st of the last term year, except that (a) the term of each Trustee who was appointed before April 1, 2008 and is a Trustee on March 31, 2008 is extended by six years from its original expiration date, (b) the first term of the two Trustees appointed effective April 1, 2008 is a five year period, and (c) the term of any Trustee appointed to replace a Trustee whose term has not expired will be for the remainder of the term of the Trustee being replaced. Each Trustee shall serve as Trustee until he or she shall die, become incapable of acting hereunder, resign, become disqualified for the position under applicable law, be removed for cause by the Michigan Teamsters Joint Council No. 43 (if a Union Trustee), be removed for cause by majority vote of the other Employer Trustees (if an Employer Trustee), or be replaced as herein provided at the expiration of his or her term, whichever occurs first. There is no limit to the number of terms to which a person may be re-appointed.
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Samples: Agreement and Declaration of Trust, Agreement and Declaration of Trust, Agreement and Declaration of Trust
