Common use of Certain Board Actions Clause in Contracts

Certain Board Actions. The Executive will not vote on any matter involving the Executive’s own compensation, matters involving Incapacity under Section 8 hereof or any motion involving termination of the Executive’s employment under this Agreement. Notwithstanding the foregoing sentence the Executive may vote on compensation-related plans involving officers, directors or employees as a group, including bonus, stock, and option plans.

Appears in 2 contracts

Sources: Executive Employment Agreement (HCI Group, Inc.), Executive Employment Agreement (Homeowners Choice, Inc.)