Chair Emeritus definition
Examples of Chair Emeritus in a sentence
The Trustees may grant the title of Chair Emeritus to a Trustee who previously served as Chair of the Board.
Employee shall serve on the Board as Chair Emeritus, with full membership and under the same terms and conditions to which all directors are subject.
Effective October 21, 2022 (the “Emeritus Transition Date”), you will automatically retire from your position, as the Non-Executive Chair of the Board and shall transition to serving as the Chair Emeritus of the Board, with the terms and conditions of service set forth in this Agreement (“Chair Emeritus”).
Consistent with the terms of your existing award agreements, all unvested RSUs and PSUs you hold shall remain outstanding and eligible to vest in accordance with their terms, subject to your continued service with the Company through the applicable vesting date (including, for the avoidance of doubt, your service as Chair Emeritus) and, in the case of any PSUs, subject to the achievements of the applicable performance metrics.
Any press release, announcement or Form 8-K filed with the SEC describing H▇▇▇▇▇▇▇▇’▇ transition to Chair Emeritus and Founder shall be made available to H▇▇▇▇▇▇▇▇ before release or filing, as applicable.
As Chair Emeritus, you shall not be subject to the fiduciary duties imposed on members of the Board, whether by applicable law or by the Company’s Articles of Association.
The Chair, Vice-Chair, and Chair Emeritus will serve for one year terms on a rotational basis.
Following JAL's resignation as Chief Executive Officer and as an employee, JAL shall continue as a non-employee consultant to BKF with the title of Chair Emeritus of BKF ("CE"), a non-voting advisor to the Board of Directors of BKF (the "Board"), until the earlier of (i) the termination of the Consulting Period (defined in Section 2(a) below) and (ii) JAL's receipt of written notice from the Board requesting JAL's resignation from such position.
The Vice-Chair shall advance to the office of the Chair and the Chair shall advance to the office of the Chair Emeritus.
You will continue to serve as Chair Emeritus through the date of the Company’s 2025 annual shareholders meeting, currently anticipated to occur in May 2025.