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.

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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

• Except to the extent expressly provided in a written agreement with the Trust, no Trustee resigning and no Trustee removed shall have any right to any compensation for any period following the effective date of his or her resignation or removal (other than compensation received by a retiring Trustee as a Director Emeritus or similar position), or any right to damages on account of such removal.

• Unless the Committee shall specifically state to the contrary at the time a Plan Share Award is granted, Plan Shares subject to an Award shall be earned and non-forfeitable by a Participant at the rate of one-fifth of such Award following one year after the granting of such Award, and an additional one-fifth following each of the next four successive years; provided that such Participant remains an Employee, Director, or Director Emeritus during such period.

• Such Plan Share Award shall be immediately 100% earned and non-forfeitable in the event of the death or Disability of such Director or Director Emeritus.

• Directors’ Deferred Compensation Plan, Director Emeritus Program Agreements, Hampton Roads Bankshares, Inc.

• Such Plan Share Award shall be earned and non-forfeitable at the rate of one-fifth as of the one-year anniversary of the Effective Date and an additional one-fifth following each of the next four successive years during such periods of service as a Director or Director Emeritus.

More Definitions of Director Emeritus

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

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

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

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

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