Another ceremony is the annual installation of the Master of the Lodge and his appointed or elected officers. In some jurisdictions an "Installed Master" elected, obligated and invested to preside over a Lodge, is valued as a separate rank with its own secrets and distinctive title and attributes; after each full year in the Chair the Master invests his elected successor and becomes a Past Master with privileges in the Lodge and Grand Lodge. In other jurisdictions, the grade is not recognised, and no inner ceremony conveys new secrets during the installation of a new Master of the Lodge.