Examples of Retired Director in a sentence
Retired Director or Officer means a Director or Officer of Your Business who has ceased to hold any such office prior to the expiry of the Period of Insurance, for any reason other than disqualification, and who has not assumed any similar office with You.
Retired Director or Officer means a Director or Officer of Your Business who has ceased to hold any such office prior to the expiry of the Period of Insurance, for any reason other than disqualification, and who has not assumed any similar office with You.
Except as provided in the Retired Director Compensation Program, Directors are required to retire from the Xxxxx Board of Directors at age 76 provided, however, that any director, who attains or has attained the age of 76 during his term as director, may delay retirement until completion of his or her term.
In order to take advantage of the expertise and knowledge of retiring directors and in order to attract outstanding new directors for the Company, the board has instituted the Retired Director Compensation Program (“Program”).
Retired Director Compensation Program Directors who have served on the Xxxxx Board of Directors for several years bring unique knowledge and experience to Xxxxx (“the Company’).