President of Argentina
Under the 1994 constitutional amendment, the President serves for four years, with a possibility of immediate reelection for one more term. However, unlike the President of the United States, in Argentina, a person may be reelected again after serving for two terms and staying out of office for the following term. So after serving for two consecutive periods, the president is not allowed to run for a third consecutive one, but may return for the two following elections and so on. There is no limit for a person to be a candidate if he or she does not win the elections.
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.