George Washington
At the end of his second term, Washington retired for personal and political reasons, fatigued and disgusted with personal attacks, and to assure a truly contested presidential election could be held. He did not feel bound to a two-term limit, but his retirement ultimately set precedent. The two-term limit to the presidency was formalized with the 1951 adoption of the Twenty-second Amendment to the United States Constitution. Washington is often credited with setting the principal of a two-term presidency, but it was Thomas Jefferson who first refused to run for a third term on political grounds.
President of Liberia
Currently, the president is elected by popular vote to a six-year term and is limited to two terms. Under the 1986 Constitution, presidential elections utilize a two-round system, wherein a second round of voting is held between the two candidates with the highest number of votes if no single candidate obtains a majority in the first round. Each term begins and ends at noon on the third working Monday in January of the year immediately following the elections. At the time of their inauguration, each president is required under the Constitution to take a presidential oath promising to preserve and defend the Constitution and faithfully execute the law. The oath is administered by the Chief Justice of Liberia in front of a joint session of the Legislature.