Incumbent has the meaning given in clause 5.3;
Tenure means a faculty appointment for an indefinite period of time which may be revoked only for adequate cause and by due process.
Continuing Director means, with respect to any Person as of any date of determination, any member of the board of directors of such Person who (i) was a member of such board of directors on the Closing Date, or (ii) was nominated for election or elected to such board of directors with the approval of the required majority of the Continuing Directors who were members of such board at the time of such nomination or election.
Incumbent Contractor means any contractor providing any service that constitutes or that will constitute part of the Services immediately before the Transfer Date.
Unaffiliated Director means, for purposes of this Code, a director or honorary director of the Fund who is not a director, officer or employee of the Adviser or an affiliate thereof.