Director Emeritus definition

Director Emeritus means a person serving as a director emeritus, advisory director, consulting director, or other similar position as may be appointed by the Board of Directors of the Savings Bank or the Company from time to time.

Director Emeritus means a person serving as a director emeritus, advisory director, consulting director, or other similar position as may be appointed by the Board of Directors of the Savings Bank or the Parent from time to time.

Director Emeritus means an individual designated by the Board, in its sole discretion, as Director Emeritus, pursuant to the Board’s Director Emeritus Policy.

Examples of Director Emeritus in a sentence

• The position of Director Emeritus shall be honorary only and shall not confer upon such Director Emeritus any responsibility, or voting authority, whatsoever with respect to the Corporation.

• The Board of Directors may establish such compensation as it may deem appropriate under the circumstances to be paid by the Corporation to a Director Emeritus.

• A Director Emeritus may, but shall not be required to, attend the meetings of the Board of Directors and receive materials normally provided Directors relating to the Corporation.

• Upon the retirement of a Director of the Corporation, the Board of Directors may designate such retired Director as a Director Emeritus.

• Each Director Emeritus shall be elected for a term expiring on the date of the regular meeting of the Board of Directors following the next annual meeting.

More Definitions of Director Emeritus

Director Emeritus means an honorary, non-voting member of the Board of Directors of the Bank or the Holding Company.

Director Emeritus means a person serving as an director emeritus, advisory director, consulting director, or other similar position as may be appointed by the Board of Directors of the Company from time to time.

Director Emeritus and “Advisory Director” means a person appointed to serve in such capacity by the Board of either the Corporation or the Bank or the successors thereto.

Director Emeritus means a former Director of the Bank, who in recognition of his past contributions to the Bank, has been titled as a director emeritus of the Bank.

Director Emeritus means any director emeritus of the Corporation or a Subsidiary.

Director Emeritus means a former member of the Board who has been appointed to a Director Emeritus position.

Director Emeritus means a Participant who (i) has terminated service on the Board of Directors (for any reason other than Removal For Cause), (ii) has attained the eligibility requirements set forth in Section III of the Plan, and (iii) shall serve as an adviser and consultant to the Board of Directors following designation as a Director Emeritus by the Board of Directors. In providing Advisory Services to the Board of Directors, it is acknowledged that the Director Emeritus is not bound by the fiduciary duties of a director, but rather to the lesser duties required of an adviser or consultant.