staggered terms

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Staggered Terms

An arrangement whereby only a certain number of members of a board of directors are elected in a given year. For example, a board of directors may have 10 members serving five year, staggered terms where two new members are elected each year. In addition to giving the board consistency in its membership, staggered terms makes hostile takeovers more difficult because the potential acquirer can replace only so many directors at a time.

staggered terms

Membership terms for a firm's directors that expire in different years. A firm with 12 directors might have 4-year terms with 3 seats up for election each year. Staggered terms make it more difficult for a raider to gain control of a board.
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1<br> (4) TERMS- Each member of the Health Benefits Advisory Committee shall serve a 3-year term on the Committee, except that the terms of the initial members shall be adjusted in order to provide for a staggered term of appointment for all such members.CommentsClose CommentsPermalink
Parentline Plus, a national charity that works with parents, also said staggered term times could prove costly for parents seeking extra childcare.
With nine members, five-year terms, and staggered term start dates, each year's meeting provides the opportunity to welcome new members and their own unique and valued perspective on the work of JVIB.
The initial varied terms will create a staggered term structure; thereafter the chair and two (2) members-at-large shall be elected in the even-numbered years to serve a term of two (2) years or until their successors are elected.
in Massachusetts legislation mandating a three-year staggered term for
Supreme Court's Bar Admission Committee: One lawyer to serve a two-year staggered term commencing July 1.
Supreme Court's Bar Admissions Committee: One lawyer to serve a two-year staggered term commencing July 1.
The two new seats will be added with staggered terms, with one seat available for one year and one available for two years.
The seven members of the School Committee are Boston residents appointed by the Mayor of Boston to serve four-year staggered terms. Mayor Walsh made these appointments based on a list of candidates recommended by a 13-member Citizens Nominating Panel composed of parents, teachers, principals, and representatives of business and higher education.
It has seven commissioners who are unsalaried and serve five-year staggered terms. The governor appoints board members from a list of three nominees submitted by 19 local business, civic, labor, education and maritime groups, according to the ports website.
That leaves the current system in place, including the Bar's role in nominating candidates for four of the nine seats on each JNC and JNC members serving staggered terms.
The seven members of the School Committee are Boston residents appointed by the Mayor to serve four-year staggered terms. The Mayor appoints members from a list of candidates recommended by a 13-member Citizens Nominating Panel composed of parents, teachers, principals and representatives of the business and higher education communities.