Honorary Directors definition
Examples of Honorary Directors in a sentence
Honorary Directors shall be appointed for terms that expire at the first meeting of the Board of Directors following each annual meeting of stockholders.
The Board of Directors may designate from among its shareholders Honorary Directors who will serve at the pleasure of the Board of Directors.
Honorary Directors may, in the discretion of the Board of Directors be appointed for additional terms.
The Board of Directors shall have the right to appoint, at its discretion, a maximum of fifteen (15) Honorary Directors.
Honorary Directors may, in the discretion of the Board of Directors, be appointed for additional terms.
Honorary Directors shall not be considered members of the Board of Directors and shall not be considered "Directors" under these Bylaw or Georgia law.
Honorary Directors are elected for life, are not voting members of the Board and are permitted but not required to attend meetings.
Honorary Directors, upon invitation by the Board of Directors, shall be entitled to attend any meeting of the Board of Directors.
Honorary Directors shall have the rights to attend meetings but cannot vote.
The Company shall reimburse each Director and the Honorary Directors for their customary and reasonable expenses incurred in attending the meetings of the Board of Directors.