merit-based appointment process definition
merit-based appointment process means the process of appointment specified in Section 5;
Serviced Appointment has the meaning set forth in Section 1.1.
Restricted Appointment means (a) any Appointment for which the applicable Authorizations have not been obtained, and (b) any Appointment for which the maturity date of the applicable Corporate Trust Contract is on or before June 30, 2022.
Initial appointment means appointment made otherwise than by promotion or transfer;
Succeeded Appointment means any Appointment for which a Succession Time has occurred.
Excluded Appointments means those Appointments designated from time to time as "Excluded Appointments" by agreement of the parties.