; or (B) if such member is the sole member appointed to the Board under section 1201 on the date on which the term of the member would expire under subparagraph (A), such member may not continue to serve on and after the earlier of— (i) the date on which a member (including a successor) is appointed and has qualified; or (ii) the date that is 2 years after the date on which the term of the member would otherwise expire under this section. (d) Removal Any member may be removed by the President only for inefficiency, neglect of duty, or malfeasance in office. .