Common use of Service on Boards of Directors Clause in Contracts

Service on Boards of Directors. While serving as a director of the Employer, Employee shall receive the standard fee for attendance of meetings of the Board of Directors of the Employer.

Service on Boards of Directors. While serving as a director of the Employer, Employee shall receive the standard fee for attendance of meetings of the Board of Directors of the Employer. During the term of this Agreement, Employer agrees to use its best efforts to have Employee elected as a member of the Board of Directors of each bank subsidiary of the Employer. Employee shall be entitled to receive the standard fee for attendance at meetings of the Boards of Directors of each bank subsidiary of the Employer.