41 5.1.4 5.1.5 The Chancellor may resign his position prior the end of his term of office in a written notice to the Chairman of the Executive Committee, to be delivered at least three months in advance. The Council may decide by a two thirds majority of its members to terminate the Chancellor's term of office. 5.1.6 A Chancellor who resigns from his position shall continue to serve as a lifetime member of the Council. 5.2 Deputy Chancellor and Vice Chancellor 5.2.1 The Council may elect a Deputy Chancellor and a Vice Chancellor. 5.2.2 The term of office of the Deputy Chancellor and the Vice Chancellor shall be for four years and may be renewed. 5.2.3 The Deputy Chancellor and Vice Chancellor may resign their positions by giving notice to the Chancellor. 5.2.4 The first Deputy Chancellor shall hold office for his lifetime or until he gives notice of his resignation. 5.2.5 A Deputy Chancellor and Vice Chancellor who resign from their positions shall continue to serve as lifetime members of the Council. 5.3 The Chairman of the Executive Committee 5.3.1 The Chairman of the Executive Committee shall be elected by the Council. A Search Committee shall be appointed by the Council for the purpose of electing the Chairman of the Executive Committee. The Search Committee shall comprise nine (9) members, as follows:
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