Common use of Board Nomination Clause in Contracts

Board Nomination. The Company shall use its commercially reasonable best efforts to cause Executive to be appointed to serve on the Board effective January 1, 2010 and to be nominated to serve for an additional term at the expiration of his initial Board term (and each subsequent expiration of the Board term thereafter) for the remainder of the Employment Period; provided, however, Executive agrees that if his employment terminates as co-Chief Executive Officer and he does not then remain as or become sole Chief Executive Officer upon such termination, he will resign from his position on the Board co-terminous with his termination unless otherwise mutually agreed with the Board.