Examples of Emeritus Director in a sentence
Any Emeritus Director may be removed by the Board, either with or without cause, at any time.
From time to time, the Board may designate an individual to serve in an emeritus position with respect to the Board, including by way of example but not by way of limitation, as an Emeritus Director, as a Chairman Emeritus of the Board or as a Vice Chairman Emeritus of the Board.
Such an Emeritus Director may be named by the Board for a one year term at any time, but may not serve more than a total of three consecutive years.
Such an Emeritus Director may be named by the Board at any time, but may not serve more than a total of three consecutive years.
The Board of Directors may authorize parties to serve in an emeritus position with respect to the Board of Directors, included by way of example but not by way of limitation, as an Emeritus Director, as a Chairman Emeritus of the Board of Directors or as a Vice-Chairman Emeritus of the Board of Directors.
The Board of Directors may designate any former director or directors of the corporation as an Emeritus Director for such term as the Board of Directors shall deem appropriate.
Each member of the Emeritus Board of Directors of the Corporation, shall be appointed for life, at the pleasure of the Board, or until the Emeritus Director resigns, retires, or is otherwise removed from the Emeritus Board.
An Emeritus Director shall not have any of the responsibilities or liabilities of a director, nor any of a director's rights, powers or privileges.
A person who has served as a member of the Board of Directors, and whose membership on the Board has terminated for any reason other than removal by the shareholders, may be elected an honorary or Emeritus Director of the Corporation.
The Options shall be exercised by written notice, delivered to the Corporation and signed by the Director or Emeritus Director or his or her successors stating the number of shares with respect to which the Option is being exercised.