Retiring directors shall be eligible for re-election, but no person, not being a retiring director, shall be eligible for election by the institutional shareholders to the office of director unless he or she or some institutional shareholder intending to propose him or her, has, at least 14 (fourteen) clear days before the meeting left at the office of the Bank a notice in writing duly signed signifying his or her candidature for the office or the intention of such institutional shareholder to propose him or her.