Incumbent Trustee definition
Incumbent Trustee means any member of the Board of Trustees who was a member of the Board of Trustees immediately prior to a Control Change and any successor to an Incumbent Trustee who is recommended or elected or appointed to succeed an Incumbent Trustee by the affirmative vote of the Trust when that affirmative vote includes the affirmative vote of a majority of Incumbent Trustees then on the Board of Trustees.
Incumbent Trustee means, as of any date of determination, any Trustee serving on the Board (i) who was a Trustee on the effective date of this amendment and restatement of the Plan, or (ii) any successor to an Incumbent Trustee who was (A) nominated for election or elected to succeed any Incumbent Trustee by the affirmative vote of the Board, including a majority of the Incumbent Trustees then on the Board immediately prior to such
Incumbent Trustee means a member of Stonehaven’s board of trustees immediately prior to the signing of this Agreement.
Examples of Incumbent Trustee in a sentence
If less than the Member Quorum are present in person at a Member Meeting, then a majority of Members attending the Member Meeting in person may adjourn the Member Meeting without further notice, provided, that the Secretary-Treasurer shall notify any absent members of the time and place of such adjourned meeting and Incumbent Trustee positions up for election shall be extended for another three (3) year term.
All such visitor parking will be on a non-exclusive, in common basis with all other tenants, visitors and guests of the Facility.
More Definitions of Incumbent Trustee
Incumbent Trustee as defined in Section 6.4(a).