Advisory Directors. The Board of Directors may by resolution appoint advisory directors to the Board, who may also serve as directors emeriti, and shall have such authority and receive such compensation and reimbursement as the Board of Directors shall provide. Advisory directors or directors emeriti shall not have the authority to participate by vote in the transaction of business.
Advisory Directors. Following the Effective Time of the Holding Company Merger, City Holding agrees to appoint members of the Board of Directors of Raleigh, Summers, Greenbrier, Marlinton and Twentieth as advisory directors of City National, but this undertaking shall not create any obligation on City Holding's part to appoint any particular director as an advisory director for any particular term. City Holding agrees, for three years from the Effective Time of the Holding Company Merger, to maintain deferred compensation plans for directors, with similar benefits, and shall not terminate or reduce any benefits of any person thereunder which have been accrued, funded or vested.
Advisory Directors. The Board may appoint Advisory Directors (who may be invited by the Board to serve the Board in an advisory capacity and attend meetings of the Board, but who will not be members of the Board or “Directors” as used in this Agreement or the Act and who will have no voting rights on the Board) as provided in Section 5.3(d). Other than the initial appointment (which may only be for a term that ends with the next election of Directors by the Members), Directors and Advisory Directors appointed by the Board shall have one-year terms beginning and ending at the Annual Members meeting.
Advisory Directors. The Board may, from time to time, elect one or more Advisory Directors, each of whom shall serve until the first meeting of the Board next following the annual meeting of the Members or until his earlier resignation or removal by the Board. Advisory Directors shall serve as advisors and consultants to the Board, shall be invited to attend all meetings of the Board and may participate in all discussions occurring during such meetings. Advisory Directors shall not be privileged to vote on matters brought before the Board and shall not be counted for the purpose of determining whether a quorum of the Board is present.
Advisory Directors. Prior to the Closing Seller will terminate the services of all advisory directors of the Branch.
Advisory Directors. 37 6.14 Stock Option Plan..................................38 6.15 Recognition and Retention Plan.....................38 6.16 ESOP...............................................39 6.17 Defined Benefit Pension Plan.......................39 6.18 Executive Supplemental Retirement Income Agreements.............................40 6.19
Advisory Directors. As of the Effective Time, Lincoln agrees to cause Lincoln Savings Bank to appoint each person, other than Xxxx X. Xxxxxx, who immediately prior to the Effective Time was a director or director emeritus of Citizens or Citizens Savings Bank, as an advisory director of Lincoln Savings Bank. Such advisory directors and advisory directors emeritus shall meet semi- annually and shall advise Lincoln on facilitating a smooth transition of Citizens' business into Lincoln's following the Merger. Subject to applicable regulatory requirements, unless Cause exists for their removal, they shall be re-appointed annually to serve in such capacities through March 31, 2003 and shall receive annual fees of $1,000 for such service. For purposes of this Section 6.13, "Cause" means a conviction of a felony or any crime involving an element of moral turpitude.
Advisory Directors. The Board of Directors from time to time may elect one or more persons to be advisory directors who shall not by such appointment be members of the Board of Directors. Advisory directors shall be available from time to time to perform special assignments specified by the president, to attend meetings of the Board of Directors upon invitation and to furnish consultation to the Board of Directors. The period during which the title shall be held may be prescribed by the Board of Directors. If no period is prescribed, the title shall be held at the pleasure of the Board of Directors.
Advisory Directors. For a period established by the Board of Directors of not less than one year following the Closing Date, the two Non-IMI Shareholders who serve as directors, shall have the right to appoint not more than three ICS shareholders to act as advisory directors to assist in the ownership transition of the Company.
Advisory Directors. Buyer agrees that the current advisory directors of Seller for the Emerald Coast Bank,
