1207.321—Term of office.
(a)
The term of office of Board members shall be 3 years, beginning July 1, or such other beginning date as may be approved pursuant to regulations.
(b)
The terms of office of the Board's producer members shall be so determined that approximately one-third of the terms will expire each year. Importer and public member terms shall run concurrently. All members serving on the Board on the effective date of this amendment to the Plan shall continue serving the term to which they were appointed.
(c)
Board members shall serve during the term of office for which they are selected and have qualified, and until their successors are selected and have qualified.