Advisory Board Member Sample Clauses

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Advisory Board Member. Company hereby retains Advisor to serve on its Advisory Board. The term of this Agreement (the “Term”) shall be the period commencing on the Effective Date and terminating upon three (3) days prior written notice delivered by either party to the other for any reason. Upon any termination of the Services as provided in the preceding sentence, this Agreement shall terminate except that the provisions set forth in Sections 2.b, 4 and 6 of this Agreement shall survive such termination.
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Advisory Board Member. If at any time Engage or its Board of --------------------- Directors forms a business advisory board, the Purchasers shall be entitled to designate an individual reasonably acceptable to Engage as a member of such business advisory board.
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Advisory Board Member. The Company hereby retains Advisor as a member of the Advisory Board, and Advisor accepts such position.
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Advisory Board Member. Company hereby retains Advisor to serve on its Advisory Board. The term of this Agreement (the “Term”) shall be the period commencing on the Effective Date and terminating on the one (1) year anniversary. After the initial Term, the Advisor and the Company may renew the Agreement upon mutually acceptable terms at such time. The Company may cancel this Agreement for any reason at any time with three (3) day prior written notice. The Advisor may also terminate this Agreement, but only after six (6) months of the date of this Agreement with three (3) day prior written notice. Any unvested stock issued to the Advisor shall be cancelled upon termination. Upon any termination of the Services as provided in the preceding sentence, this Agreement shall terminate except that the provisions set forth in Sections 2.b, 4 and 6 of this Agreement shall survive such termination.
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Advisory Board Member. Throughout the period of active employment, the Employee shall serve as a member of the Board of Advisors of the Company and the Employee shall be entitled to receive the benefits and compensation normally provided by the Company to its Board of Advisor members.
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Advisory Board Member. In cases where a Government Entity elects not to provide the Board with monetary consideration for a given calendar year, as described in Section 7 below, the Government Entity’s Board representative shall not be entitled to vote and shall be an “Advisory Member” during that calendar year pursuant to the the Bylaws Sec. III(d)(iii).
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Advisory Board Member. Company hereby retains Advisor to serve on its Crypto Advisory Board. The term of this Agreement (the “Term”) shall be the period commencing on the Effective Date and terminating in eighteen (18) months, unless earlier terminated as provided herein. The Company may suspend the Advisor’s Services or terminate this Agreement immediately upon written notice if the Advisor materially breaches any provision of this Agreement, including but not limited to the confidentiality, non-disparagement, or conflict of interest provisions. In the event of any such suspension or termination, the Advisor shall cease performing Services as of the date of notice, and any unexercised Securities issued to the Advisor shall expire. Upon expiration or earlier termination of this Agreement, all rights and obligations of the parties shall cease, except that the provisions of Sections 4 and 7 shall survive such termination, together with any other provisions that by their nature are intended to survive. The Company does not want the Advisor to provide, use, or encourage the use of any information that is confidential to a third party or owned by someone else, whether the Advisor obtained that information before or during their work under this Agreement.
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Advisory Board Member. The Board will appoint Consultant and Consultant will agree to serve during the Term as an Advisory Director to the Company pursuant to the Company’s Bylaws or until sooner terminated upon Consultant’s death, disability, resignation or removal. For so long as Consultant serves as an Advisory Director, Consultant may participate in the Company’s health insurance plan, subject to the terms and limitations of such plan and payment of the related premium by Consultant.
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Advisory Board Member. The Company hereby retains Advisor as a member of the Advisory Board, and Advisor accepts such position. Advisor also agrees to assume the title of Chief Medical Officer.
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Related to Advisory Board Member

  • Advisory Board (a) The Managing Member may establish an Advisory Board comprised of members of the Managing Member’s expert network and external advisors. The Advisory Board will be available to provide guidance to the Managing Member on the strategy and progress of the Company. Additionally, the Advisory Board may: (i) be consulted with by the Managing Member in connection with the acquisition and disposal of a Series Asset, (ii) conduct an annual review of the Company’s acquisition policy, (iii) provide guidance with respect to, material conflicts arising or that are reasonably likely to arise with the Managing Member, on the one hand, and the Company, a Series or the Economic Members, on the other hand, or the Company or a Series, on the one hand, and another Series, on the other hand, (iv) approve any material transaction between the Company or a Series and the Managing Member or any of its Affiliates, another Series or an Economic Member (other than the purchase of interests in such Series), (v) provide guidance with respect to the appropriate levels of annual fleet level insurance costs and maintenance costs specific to each individual Series Asset, and review fees, expenses, assets, revenues and availability of funds for distribution with respect to each Series on an annual basis and (vi) approve any service providers appointed by the Managing Member in respect of the Series Assets. (b) If the Advisory Board determines that any member of the Advisory Board’s interests conflict to a material extent with the interests of a Series or the Company as a whole, such member of the Advisory Board shall be excluded from participating in any discussion of the matters to which that conflict relates and shall not participate in the provision of guidance to the Managing Member in respect of such matters, unless a majority of the other members of the Advisory Board determines otherwise. (c) The members of the Advisory Board shall not be entitled to compensation by the Company or any Series in connection with their role as members of the Advisory Board (including compensation for attendance at meetings of the Advisory Board), provided, however, the Company or any applicable Series shall reimburse a member of the Advisory Board for any out of pocket expenses or Operating Expenses actually incurred by it or any of its Affiliates on behalf of the Company or a Series when acting upon the Managing Member’s instructions or pursuant to a written agreement between the Company or a Series and such member of the Advisory Board or its Affiliates. (d) The members of the Advisory Board shall not be deemed managers or other persons with duties to the Company or any Series (under Sections 18-1101 or 18-1104 of the Delaware Act or under any other applicable law or in equity) and shall have no fiduciary duty to the Company or any Series. The Managing Member shall be entitled to rely upon, and shall be fully protected in relying upon, reports and information of the Advisory Board to the extent the Managing Member reasonably believes that such matters are within the professional or expert competence of the members of the Advisory Board, and shall be protected under Section 18-406 of the Delaware Act in relying thereon.

  • Advisory Committee The Settling State shall designate an Opioid Settlement Remediation Advisory Committee (the “Advisory Committee”) to provide input and recommendations regarding remediation spending from that Settling State’s Abatement Accounts Fund. A Settling State may elect to use an existing advisory committee or similar entity (created outside of a State-Subdivision Agreement or Allocation Statute); provided, however, the Advisory Committee or similar entity shall meet the following requirements: (i) Written guidelines that establish the formation and composition of the Advisory Committee, terms of service for members, contingency for removal or resignation of members, a schedule of meetings, and any other administrative details; (ii) Composition that includes at least an equal number of local representatives as state representatives; (iii) A process for receiving input from Subdivisions and other communities regarding how the opioid crisis is affecting their communities, their abatement needs, and proposals for abatement strategies and responses; and (iv) A process by which Advisory Committee recommendations for expenditures for Opioid Remediation will be made to and considered by the appropriate state agencies.

  • Board Membership During the Employment Term, Executive will serve as a member of the Board, subject to any required Board and/or stockholder approval.

  • Independent Directors As long as any Trust Obligation is outstanding, the Member shall cause the Company at all times to have at least two Independent Directors who will be appointed by the Member. To the fullest extent permitted by law, including Section 18-1101(c) of the Act, the Independent Directors shall consider only the interests of the Company, including its respective creditors, in acting or otherwise voting on the matters referred to in Section 9(j)(iii). No resignation or removal of an Independent Director, and no appointment of a successor Independent Director, shall be effective until such successor (i) shall have accepted his or her appointment as an Independent Director by a written instrument, which may be a counterpart signature page to the Management Agreement, and (ii) shall have executed a counterpart to this Agreement as required by Section 5(c). In the event of a vacancy in the position of Independent Director, the Member shall, as soon as practicable, appoint a successor Independent Director. All right, power and authority of the Independent Directors shall be limited to the extent necessary to exercise those rights and perform those duties specifically set forth in this Agreement. Except as provided in the second sentence of this Section 10, in exercising their rights and performing their duties under this Agreement, any Independent Director shall have a fiduciary duty of loyalty and care similar to that of a director of a business corporation organized under the General Corporation Law of the State of Delaware. No Independent Director shall at any time serve as trustee in Bankruptcy for any Affiliate of the Company.

  • Audit Committee (A) The Audit Committee shall be composed of five members who shall be selected by the Board of Directors from its own members, none of whom shall be an officer of the Company, and shall hold office at the pleasure of the Board. (B) The Audit Committee shall have general supervision over the Audit Division in all matters however subject to the approval of the Board of Directors; it shall consider all matters brought to its attention by the officer in charge of the Audit Division, review all reports of examination of the Company made by any governmental agency or such independent auditor employed for that purpose, and make such recommendations to the Board of Directors with respect thereto or with respect to any other matters pertaining to auditing the Company as it shall deem desirable. (C) The Audit Committee shall meet whenever and wherever the majority of its members shall deem it to be proper for the transaction of its business, and a majority of its Committee shall constitute a quorum.