2. When institutions are amalgamated or integrated, the boards of directors involved notify in writing, at least 120 days in advance, the assistant president and executive directors who hold the existing positions pursuant to a contract or an engagement resolution, of the elimination of those positions and of the creation of a new assistant president and executive director position.
The new board of directors determines whether or not to offer the new assistant president and executive director position to one of the assistant president and executive directors. Where applicable, it must hold a competition in order to select, among them, the one to whom it is to offer the new assistant president and executive director position. The procedure for the competition must be established by the new board of directors.
The new board of directors appoints, in accordance with Division IV of this Chapter, the person selected to fill the new position of assistant president and executive director.
If the board of directors decides not to proceed according to the procedure provided for in the second paragraph to fill the new position of assistant president and executive director, or if the competition held pursuant to that paragraph does not lead to the selection of an assistant president and executive director, the board of directors asks the Minister for authorization to hold a selection competition under Divisions II and III of this Chapter.
If the new board of directors considers it necessary, it may designate an acting assistant president and executive director.