Outside Directorships Sample Clauses
The Outside Directorships clause governs an individual's ability to hold directorship positions in organizations outside of their primary employment. Typically, this clause requires employees or executives to seek prior approval from their employer before accepting such roles, and may set conditions or limitations to prevent conflicts of interest or overcommitment. Its core function is to protect the employer’s interests by ensuring that external board positions do not interfere with the employee’s duties or create competing loyalties.
POPULAR SAMPLE Copied 7 times
Outside Directorships. In the event the Executive is invited, solicited or otherwise asked to become a director, advisor or consultant for any entity or organization of any type or function whatsoever (other than the Company or its Subsidiaries, or any religious, charitable or civic organization), the Executive shall notify the Board in writing of such invitation, the entity or organization extending the invitation and the capacity to be served by the Executive for such entity or organization. The Board shall have the sole power and authority to authorize the Executive to accept such invitation based on such criteria and standards as the Board may determine, and the Executive shall not accept such invitation without the Board’s prior written consent, which consent shall not be unreasonably withheld.
Outside Directorships. In the event the Employee is invited, solicited or otherwise asked to become a director, advisor or consultant for any entity or organization of any type or function whatsoever other than the Company or a related entity of the Company, the Employee shall notify the President and Chief Executive Officer (“CEO”) of the Company in writing of such invitation, the entity or organization extending such invitation and the capacity to be served by the Employee for such entity or organization. The CEO shall have the sole power and authority to authorize the Employee to accept such invitation based on such criteria and standards as the CEO may determine, and the Employee shall not accept such invitation without the CEO’s prior written consent, which consent shall not be unreasonably withheld.
Outside Directorships. The Company shall provide Executive with sufficient time to serve as a director of other companies for profit and not for profit, so long as such directorships do not unreasonably interfere with Executive's duties with the Company.
Outside Directorships. Subject to clause 3.2 above, ▇▇ ▇▇▇▇▇▇▇▇ will not be a director of any other Entity (other than a wholly-owned member of the BHP Billiton Group) while employed by BHP Billiton, without the prior written consent of the Chairman of Limited or PLC.
Outside Directorships. Vice Presidents and above may not serve as an officer or on the Board of Directors of any other company without obtaining prior written approval from the Compensation Committee of FormFactor’s Board of Directors. All other FormFactor employees who wish to serve on the Board of Directors of another company must obtain the prior written approval from both FormFactor’s Human Resources Department and Legal Department.
Outside Directorships. Whether the appointment is paid or unpaid, no Staff may serve as a director/executive officer of an external company unless the circumstances and reasons for service have been reviewed and approval given by the Head of Compliance & Legal. Acting as a Director of a publicly-traded company or its affiliate is generally not permitted. All outside directorship appointments require clearance with the Staff member’s Senior Manager and an ICBC Compliance Officer in advance by completing an Outside Business Interest Declaration form as per Appendix A. The Compliance Officer shall maintain a record of the outside business interests, directorships or similar of any Staff in conjunction with the Conflicts Register.
Outside Directorships. The Executive may accept appointment to, receive and retain remuneration from and perform the reasonable duties associated with:
(a) one non executive directorship of an independent unrelated company before 1 December 2001
(b) two non executive directorships of independent unrelated companies after 1 December 2001;
Outside Directorships. Executive has reviewed with the Board his directorships and any other positions held by him in business organizations that are not affiliated with the Company, and has received the Board's approval for his continuance in such capacities unless the Board should later determine in a particular case that there has arisen a potential conflict with the Company's best interests. Prior to serving any other unaffiliated business organization, Executive shall obtain the Board's approval. Nonbusiness activities, such as service on the boards or for the benefit of educational, religious or other similar institutions, need not be reviewed or approved by the Board.
Outside Directorships. It is recognized that as of the Agreement Date, Employee has existing commitments on two public boards including ▇▇▇▇▇▇ Communications (Nasdaq: DCEL) and Skyworks Solutions (Nasdaq: SWKS), neither of which compete in any business with the Company. One of those companies is currently a customer of ▇▇▇▇▇▇, and the approximate $250,000 in annual payments to ▇▇▇▇▇▇ from that company are less than five percent (5%) of either that company’s or ▇▇▇▇▇▇’▇ respective annual revenue. ▇▇▇▇▇▇ acknowledges that Employee has committed to become a stockholder and director of Alyst Acquisitions, Inc., a telecommunications firm known as a specified purpose acquisition company (“SPAC”). Any time Employee devotes to outside director positions will be Employee’s personal or vacation days. Employee will accept no additional non-▇▇▇▇▇▇ roles or directorships without approval from ▇▇▇▇▇▇’▇ Chief Executive Officers and Board of Directors. Employee acknowledges that ▇▇▇▇▇▇ will be Employee’s full time position and employee will manage any conflicts accordingly to ▇▇▇▇▇▇’▇ favor.
Outside Directorships. Sim may hold director positions in other companies if approval is obtained from the Chairman of the Board of API.