Term Limits definition

Term Limits. The Board does not believe it should establish term limits. While term limits could help ensure that there are fresh ideas and viewpoints available to the Board, they have the disadvantage of causing the Company to lose the contribution of Directors who have been able to develop, over a period of time, increasing insight into the Company and its operations and thereby provide an increasing contribution to the Board as a whole. The Board believes an annual assessment of Board and committee performance provides each Director an appropriate opportunity to reflect on the effectiveness of the Board, and to confirm a Director’s decision to continue as a member of the Board.
Term Limits. In order to offer multiple principals a chance to expand the depth and breadth of their leadership experience, this position shall be a one-year term.

Examples of Term Limits in a sentence

  • Term Limits (All Dental Employer-Union Committees) There will be permanent committee members that consist of Labor and Management to keep the consistency of the committee.

  • Committee Membership – Term Limits.........................................................................

  • Appointments shall be for: [Enter Term Limits – i.e., three-year terms, with one-third of the membership to be appointed each year].

  • Term Limits 20 No person shall be elected to serve more than two (2) full 21 consecutive terms in the same Principal Office.

  • MEGA shall operate within the limits established in this policy for Volumetric Limits (Schedule A), Commodities Authorized To Trade (Schedule C), and Term Limits (Schedule E).

Related to Term Limits

  • Incremental Term Loan Amount means, at any time, the excess, if any, of (a) $50,000,000 over (b) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.22.

  • Incremental Term Lenders (a) on any Increased Facility Activation Date relating to Incremental Term Loans, the Lenders signatory to the relevant Increased Facility Activation Notice and (b) thereafter, each Lender that is a holder of an Incremental Term Loan.

  • Incremental Term B Loans has the meaning specified in Section 2.14(a).

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Incremental Term Commitments has the meaning set forth in Section 2.14(a).