Appointment of Trustees

9.02 - There shall be a minimum of six Trustees, who shall be appointed by the Board of Directors. Each Trustee shall be appointed for a term of three years with a limit of three reappointments for a total of four terms, counting as one term any partial term resulting from an appointment to complete the unexpired term of another Trustee. If any Trustee dies, resigns, or otherwise fails to serve the Trustee's full term, the Board of Directors shall appoint a successor, who shall hold office until the end of that Trustee's predecessor's term. The Board of Directors may, at any time, remove any Trustee and appoint a successor to complete the Trustee's term.

One-half of the Trustees must be board members or former board members of Christian school societies that are Participating Employers under the Plan or must be other non-employee individuals who have been actively involved in the administration of a Participating Employer or its educational function. At least one of the Trustees must be independent in accordance with the Regulations of the Pension Benefits Act. The remaining Trustees must be active Participants in the Plan. Notwithstanding the foregoing, the majority of the Trustees must reside in Canada and the majority of the active Participant Trustees must reside in Canada.