(1)The President and Vice President in office during the time of this constitution coming into effect shall continue to hold office till the time new elections for their posts are conducted pursuant to this Article.
(2)If the session of the Legislature Parliament is ongoing at the time of commencement of this constitution, then from the date of the commencement of the constitution; and if the parliament is not in session, then from the date of the summoning of the session under Clause (6) of Article 296; within one month, the President and Vice President shall be elected on the basis of political understanding by the Legislature-Parliament pursuant to Clause (1) of Article 296.
(3)If political understanding cannot be reached as per clause (2), the President and vice President shall be elected by simple majority of the Legislature-Parliament.
(4)If the post of either President or Vice President falls vacant after being elected pursuant to Clause (2) and (3), re-elections shall be conducted by the Legislature Parliament pursuant to this Article, until the formation of the Federal Legislature.
(5)The term of office of the President and Vice-President elected under this Article, shall be until new President and Vice-President are elected from the Electoral College as mentioned in Article 62, and assume office.
(6)The position of President or Vice President elected under this Article may fall vacant in following situations:
- (a)
If President tenders his/her resignation to Vice President; or if Vice President tenders his/her resignation to President,
- (b)
If impeachment motion against him/her is passed as per Clause (7),
- (c)
If new President or Vice-President is elected from the Electoral College as mentioned in Article 62 and assume office,
- (d)
if he/she dies
(7)If at least one fourth of the current members of the Legislature Parliament agree, a motion of impeachment for grave violation of this constitution or law shall be moved against President or Vice President in the Legislature Parliament under Clause (1) of Article 296. If the motion is passed by at least two-third majority of the present number of the Legislature Parliament, then he/she shall be relieved off the office