Appointment of Trustees on Expiration of Term Sample Clauses

Appointment of Trustees on Expiration of Term. (a) No later than six months prior to the expiry date of a Trustee’s term, the Chair shall give written notice to the party who appointed the Trustee, and that party shall renew the appointment of the Trustee or appoint a successor Trustee.
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Appointment of Trustees on Expiration of Term. ‌ No later than six months prior to the expiry date of a Trustee’s term, the Chair shall give written notice to the party who appointed the Trustee, and that party shall renew the appointment of the Trustee or appoint a successor Trustee. If the party does not renew the appointment of the incumbent Trustee or appoint a successor Trustee within four months after the expiry of the term, the Trustees shall appoint a successor to fill the vacant position. The successor shall not be removed during that term by that party unless the Trustees agree.
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Appointment of Trustees on Expiration of Term. ‌ No later than six months prior to the expiry date of a Trustee’s term, the Chair shall give written notice to the party who appointed the Trustee, and that party shall renew the appointment of the Trustee or appoint a successor Trustee. If the party does not renew the appointment of the incumbent Trustee or appoint a successor Trustee within four months after the commencement of the next three year term, the Trustees then in office shall meet, a majority of the Trustees in office on the date the meeting is held constituting a quorum, despite anything in this Agreement to the contrary, and appoint, by resolution passed by a majority of the Trustees present at that meeting, a successor to fill the vacant position. The successor, when appointed, shall have the same power, authority and right to hold office as if that person had been appointed by the party who failed to appoint the successor Trustee, except that the person shall not be removed during that term by that party unless the removal is first agreed to by the other Trustees.
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Appointment of Trustees on Expiration of Term. No later than six months prior to the expiry date of a Trustee’s term, the Board shall give written notice to the party who appointed the Trustee (BCPSEA or CUPE), and such party shall renew the appointment of the Trustee or appoint a successor Trustee. A Trustee may be reappointed for an unlimited number of terms. If a successor Trustee is not appointed within 120 days after the commencement of the next three year term, the Trustees then in office shall meet (a majority of the Trustees in office on the date such meeting is held constituting a quorum, notwithstanding anything in this Agreement to the contrary) and appoint a successor to fill the vacant position. Such successor, when appointed, shall have the same power, authority and right to hold office as if that person had been appointed by the party who failed to appoint such successor Trustee, except that such person shall not be removed by that party unless such removal is first agreed to by the other Trustees.
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Appointment of Trustees on Expiration of Term. No later than six months prior to the expiry date of a Trustee’s term, the Chair shall give written notice to the party who appointed the Trustee, and that party shall renew the appointment of the Trustee or appoint a successor Trustee. If the party does not renew the appointment of the incumbent Trustee or appoint a successor Trustee within four months after the expiry of the term, the Trustees shall appoint a successor to fill the vacant position. The appointing party may subsequently rescind the Trustees’ appointment of the successor Trustee pursuant to Section 4.5 and, if it does so, must concurrently appoint a replacement Trustee pursuant to Section 4.8.
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Related to Appointment of Trustees on Expiration of Term

  • Appointment and Termination of Appointment Issuer may at any time appoint additional or alternative agents to provide the service(s) to be provided by the Global Agent hereunder. Issuer may terminate the appointment of the Global Agent or any part of such agency or any other agent by giving to the Global Agent or that agent at least 30 calendar days' written notice to that effect. Issuer may replace the Global Agent in any of its roles hereunder and appoint one or more other authenticating agents, paying agents, transfer agents, registrar or calculation agents for any issuance of the Notes as Issuer may determine; provided, however, that until all of the Notes have been delivered to the Global Agent for cancellation and destruction, or monies sufficient to pay the principal and interest, if any, on such Notes have been made available for payment and either paid or returned to Issuer as provided herein, Issuer will at all times maintain a paying agent; and, if and for so long as any Notes are listed on any stock exchange, Issuer shall maintain a paying agent for such Notes at any location such stock exchange may require.

  • Termination of Trust Section 9.01

  • TERMINATION OF APPOINTMENT 6.1 The Issuer may terminate the appointment of the Calculation Agent at any time by giving to the Calculation Agent at least 45 days' prior written notice to that effect, provided that, so long as any of the Relevant Notes is outstanding:

  • Term of Appointment 2.1 The Appointment shall commence on the Commencement Date and shall continue, subject to the remaining terms of this agreement, until terminated by either party giving the other not less than three months’ prior notice in writing.

  • Appointment of Trustee The Depositor hereby appoints the Trustee as trustee of the Trust, effective as of the date hereof, to have all the rights, powers and duties set forth herein.

  • Termination of Trust Agreement Section 9.01.

  • Effect of Termination of Agreement Upon the Termination Date or the Expiration Date, as applicable, any amounts then owing by a Party to the other Party shall become immediately due and payable and the then future obligations of Customer and Provider under this Agreement shall be terminated (other than the indemnity obligations set forth in Section 13). Such termination shall not relieve either Party from obligations accrued prior to the effective date of termination or expiration.

  • Termination of Agreement, Resignation, or Removal of Custodian Either party may terminate this agreement at any time by giving written notice to the other. We can resign as custodian at any time effective 30 days after we send written notice of our resignation to you. Upon receipt of that notice, you must make arrangements to transfer your Xxxx XXX to another financial organization. If you do not complete a transfer of your Xxxx XXX within 30 days from the date we send the notice to you, we have the right to transfer your Xxxx XXX assets to a successor Xxxx XXX trustee or custodian that we choose in our sole discretion, or we may pay your Xxxx XXX to you in a single sum. We will not be liable for any actions or failures to act on the part of any successor trustee or custodian, nor for any tax consequences you may incur that result from the transfer or distribution of your assets pursuant to this section. If this agreement is terminated, we may charge to your Xxxx XXX a reasonable amount of money that we believe is necessary to cover any associated costs, including but not limited to one or more of the following. • Any fees, expenses, or taxes chargeable against your Xxxx XXX • Any penalties or surrender charges associated with the early withdrawal of any savings instrument or other investment in your Xxxx XXX If we are a nonbank custodian required to comply with Regulations section 1.408-2(e) and we fail to do so or we are not keeping the records, making the returns, or sending the statements as are required by forms or regulations, the IRS may require us to substitute another trustee or custodian. We may establish a policy requiring distribution of the entire balance of your Xxxx XXX to you in cash or property if the balance of your Xxxx XXX drops below the minimum balance required under the applicable investment or policy established.

  • Term Appointments 16.3.4.1 A Term appointment carries no implication of renewal or continuation beyond the contractually limited term. A person holding a Term appointment may apply for a Probationary or Continuing appointment if such a position is available.

  • Appointment and Termination In relation to any Series of Notes, the Issuer may at any time appoint additional Paying Agents or Transfer Agents and/or terminate the appointment of any Agent by giving to the Issuing and Principal Paying Agent and that Agent at least 60 days’ notice to that effect, which notice shall expire at least 30 days before or after any due date for payment in respect of the Notes of that Series. Upon any letter of appointment being executed by or on behalf of the Issuer and any person appointed as an Agent, such person shall become a party to this Agreement as if originally named in it and shall act as such Agent in respect of that or those Series of Notes in respect of which it is appointed.

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