Composition and Term. The- officers of the Corporation shall consist of a President, Vice-President, Secretary, Treasurer and such other officers with such titles, duties and powers as may be prescribed by the Board of Directors. All officers shall be elected by and serve at the pleasure of the Board.
Composition and Term. Appointment of Members
Composition and Term. The Board of Directors shall be composed of five (5) Directors, of whom two (2) shall be appointed by Party B and three (3) by Party A. Unless the Parties otherwise agree in writing, the Chairman shall be appointed by Party A and the Vice Chairman by Party B. Each individual serving in the capacity of Director, Chairman or Vice Chairman shall hold office for a term of four (4) years, and each shall be eligible for consecutive terms of office upon reappointment by the original appointing Party. Any vacancy created in the Board of Directors shall be filled by the Party which originally appointed the absent Director causing the vacancy. Any Party may at any time remove for any reason any or all of the individuals appointed by such Party as a Director and appoint in lieu thereof another individual or individuals to serve the remainder of the relevant term(s).
Composition and Term. The Board shall consist of not less than four and not more than ten Directors, with the number of Directors being initially set at ten Directors. If the number of Directors is reduced below ten, such reduction shall be made proportionately and as applicable at the relevant time between directors nominated by Loral and by PSP, and the number of Independent Directors, but there shall not be any reduction in the number of Directors except with the prior written consent of each of Loral and PSP. Each Director shall hold office until the next annual meeting of the Shareholders after his or her election.
Composition and Term. The CSG is composed of: • as full members, the CEOs/members of the managing board of Participating CSDs/groups of Participating CSDs that have signed the FA; • up to six User representatives, as observers, proposed by the T2S Board and nominated by the Governing Council for a renewable term of two years, based on applications from the European Banking Federation (EBF), the European Savings Bank Group (ESBG), the European Association of Co- operative Banks (EACB), the Association for Financial Markets in Europe (AFME), and the European Association of Clearing Houses (EACH); and • the T2S Board Chairperson and other members of the T2S Board as observers. The CSG Chairperson is elected by the full members of the CSG for a renewable term of two years. The CSG Chairperson may invite other observers on an ad-hoc basis (e.g. one representative of the 4CB) and may restrict the participation of observers representing Users on an ad hoc basis; the T2S Board Chairperson is informed of such decisions in advance. The CSG Chairperson appoints a highly experienced member of staff of the ECB as CSG Secretary. The CSG Chairperson may designate an alternate to replace the CSG Secretary in exceptional circumstances. The CSG’s mandate becomes effective on the Agreement Date and expires with the replacement of the FA by a new agreement and/or with the termination of the FA by the signatories.
Composition and Term. The Board of Directors shall be composed of five (5) Directors, of whom three (3) shall be appointed by ZCM and two (2) by SESHK, among which, ZCM shall appoint the Chairman of the Board and SESHK shall appoint the Deputy Chairman. The tenure of Directors on the Board, including Chairman and Deputy Chairman, shall be no more than four (4) years. Directors may be permitted to serve another term if re-appointed. Any vacancy created in the Board of Directors shall be filled by the Party which originally appointed the absent Director causing the vacancy. Any Party may at any time remove for any reason any or all of the individuals appointed by such Party as a Director and appoint in lieu thereof another individual or individuals to serve the remainder of the relevant term(s).
Composition and Term. 3.2.1. The Executive Committee will be comprised of six members, three of which are to be appointed by each Party. Each Executive Committee member will have the right to designate an alternate to attend Executive Committee meetings and vote in his absence. All members (or designated alternates) of the Executive Committee must be officers or employees of the Parties or their Affiliates, unless otherwise agreed to by all Parties.
Composition and Term. The T2S NECSG is composed of T2S NECSG Members: each of the non-euro area NCB in T2S by a senior manager nominated by the respective Governor of the non-euro area NCBs in T2S. The T2S NECSG Chairperson shall be elected from among the T2S NECSG Members by the T2S NECSG Members. The T2S NECSG Chairperson appoints a highly experienced member of staff of the ECB as T2S NECSG Secretary. The T2S NECSG Chairperson may designate an alternate to replace the T2S NECSG Secretary in exceptional circumstances. The T2S NECSG Chairperson may invite the MIB Chairperson to attend their discussions as an Observer. The term of the T2S NECSG Chairperson and the T2S NECSG Members begins and ends at the same time as the term of the members of the MIB.
Composition and Term. (a) The executive committee (the "Executive Committee") shall be the ------------------- Members' management committee of the Company and shall initially be comprised of three (3) individual representatives from each of CTI and COH (such Member's "Representatives"). Upon admission of an Additional Member, the Executive ---------------- Committee shall thereafter be comprised of Representatives of each Member determined on the basis of each such Member's Allocable Share (e.g., if there ---- were three Members with 33-1/3% Allocable Shares, each Member would be entitled to one Representative, or two, if the Executive Committee were constituted of six members, etc.) provided, however, that each of CTI and COH shall have no less than one (1) Representative at all times. All Representatives shall be entitled to receive notices and agendas of upcoming Executive Committee meetings, attend all Executive Committee meetings and participate in all discussions, and receive minutes from previous Executive Committee meetings. A Member may bring support staff to Executive Committee meetings. Such staff shall be subject to confidentiality requirements deemed appropriate by the Executive Committee. Each Representative shall be entitled to cast one (1) vote on matters requiring the approval of the Executive Committee.
Composition and Term. 10.2.1 The Board of the JV shall consist of five (5) Directors, of which two (2) Directors shall be appointed by RP and three (3) Directors shall be appointed by HT.
