Emeritus Director definition

Emeritus Director means any Director of the Company appointed by the Board who is 72 years of age or older.
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Emeritus Director means any Elected Director who has served two full terms may be nominated and appointed as an Emeritus Director following a six month period beginning at the conclusion of the second term. The Governance Committee will nominate Elected Directors who have served UCF and the Foundation with distinguished service. The Board will serve as the final body to approve the nomination(s).
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Emeritus Director means a Participant who has Terminated without Cause or an Affiliated Director.
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Examples of Emeritus Director in a sentence

  • Service on the Advisory Board shall be treated in the same manner historically accorded to service as an Emeritus Director of LISB or LISB Bank for purposes of determining the exercise periods of Converted Options.

  • The Option may be exercised in whole or in part at any time prior to its termination, provided that the Option may not be exercised prior to six (6) months following the date hereof unless the Optionee ceases to be a Director or Emeritus Director by reason of his death or disability (the "Exercise Period").

  • As of the Effective Date, any Bedford Emeritus Director shall continue to serve as a emeritus director for the remainder of their one year term.

  • As remuneration for your service as an Emeritus Director, the restricted stock awards previously awarded to you will continue to be earned in accordance with the Restricted Stock Award Agreement dated June 8, 2016 previously executed between the parties.

  • Furthermore, any such advancement shall be subject to the requirements and limitations of Section 17(h) of the 1940 Act and any such advancement to an Emeritus Director shall be subject to the requirements and limitations of Section 17(h) of the 1940 Act as if such Emeritus Director were a Director.

  • During such Term, Executive hereby agrees to be retained by the Company as an Emeritus Director and serve the Company as an independent contractor, and not as an employee, with such duties and responsibilities as set forth in Section 2.

  • From time to time, the Board may designate an individual to serve in an emeritus position with respect to the Board, including by way of example but not by way of limitation, as an Emeritus Director, as a Chairman Emeritus of the Board or as a Vice Chairman Emeritus of the Board.

  • Each Stockholder also agrees to vote his shares of Voting Stock for the nominee(s) for Emeritus Director of the other Stockholder.

  • Any Emeritus Director may be removed by the Board, either with or without cause, at any time.

  • This Agreement shall continue until and terminate with respect to any Indemnitee on the later of (i) the date that Indemnitee shall have ceased to serve as a Director or an Emeritus Director of the Company and (ii) the date that Indemnitee is no longer subject to any actual or possible Proceeding by reason of such Indemnitee’s Corporate Status (including any rights of appeal thereto and any proceeding commenced by Indemnitee pursuant to Section 7 of this Agreement).


More Definitions of Emeritus Director

Emeritus Director means a member of the Trustee Emeritus Advisory Committee.
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