Service on the Board Sample Clauses
The 'Service on the Board' clause defines the terms and conditions under which an individual serves as a member of a company's board of directors. It typically outlines the expectations for attendance at meetings, participation in board activities, and adherence to company policies. This clause may also specify the duration of service, grounds for removal, and any compensation or reimbursement for board-related duties. Its core function is to ensure clarity regarding the rights and responsibilities of board members, thereby promoting effective governance and minimizing potential disputes.
Service on the Board. So long as Employee is willing to serve on the Board and has not been terminated for cause, the Board shall nominate Employee for election to the Board. Failure to elect to, or removal from, the position of director or Chief Executive Officer or termination of this Agreement for any reason shall not constitute resignation from the Board or termination of Employee's service on the Board and termination of employment as Chief Executive Officer shall not include termination as a director.
Service on the Board. Indemnitee hereby agrees to continue to serve as a member of the Board of Directors. Indemnitee may, however, resign from such position at any time and for any reason or no reason. The Company’s obligation to indemnify Indemnitee as set forth in this Agreement shall continue in full force and effect notwithstanding any such termination of appointment or resignation.
Service on the Board. You shall be appointed to the Board, and you agree to continue to serve as a director of the Company, if requested by the Board, for so long as you remain employed in the position of CEO of the Company, subject to election by the stockholders of the Company and in accordance with the Bylaws of the Company. If you cease to serve as CEO of the Company for any reason, then you agree that your will resign from your position as a member of the Board, if and as determined by the Board.
Service on the Board. You shall serve as a member of the Board upon Start Date. During the Employment Term, the Board shall nominate you for reelection to the Board at the expiration of each term of office, and you agree to serve as a member of the Board for each period for which you are so elected.
Service on the Board. During the Term, the Company agrees to use its best efforts to cause the Executive to be elected to the Board and to nominate the Executive as a member of the management slate at each annual meeting of stockholders during the Term at which the Executive’s election class comes up for election. The Executive agrees to serve on the Board if elected.
Service on the Board. Executive shall be appointed to the Board and Executive agrees to continue to serve as a director of the Company, if requested by the Board, for so long as he remains recruited in the position of President and CEO of the Company, subject to election by the stockholders of the Company and in accordance with the Bylaws of the Company. If Executive ceases to serve as President and CEO of the Company for any reason, then Executive will resign from his position as a member of the Board, if and as determined by the Board.
Service on the Board. For so long as Executive remains an employee of the Company, the Company shall take all necessary action to cause Executive to be nominated as a director of the Company at any meeting of shareholders for the election of directors.](3)
Service on the Board. The Executive serves as a member of the Board. The Board shall undertake every lawful effort to ensure that the Executive continues throughout the Term to serve as a member of the Board, provided the Executive remains fit to serve as a member of the Board. Notwithstanding anything herein to the contrary, unless otherwise agreed to in writing by the parties, the Executive agrees that he shall resign as a member of the Board effective immediately after termination of the Executive’s employment under the Agreement. With respect to the preceding sentence, the Executive agrees that his resignation as a member of the Board will be effective as of the date his employment with the Employers terminates, regardless of whether the Executive submits a formal, written resignation to the Board, unless otherwise determined by the Board.
Service on the Board. Notwithstanding the vesting schedule set forth above, if the Recipient is not re-nominated or re-elected to the Board or resigns from the Board as a direct result of a vote of the stockholders of the Company before all Awards have vested, then, on such date, all Forfeiture Restrictions will immediately lapse with respect to all remaining Restricted Shares and the Recipient will be entitled to payment with respect to all Phantom Shares that have not yet vested.
Service on the Board. During the term of this Agreement, Executive agrees to serve, without additional compensation, in one or more executive positions and/or as a member of the Board of the Company or any affiliate or subsidiary of the Company, as determined by the Company, provided such service does not materially increase the amount of time Executive must devote to the business and affairs of the Company and does not unreasonably interfere with Executive’s ability to perform his primary duties as CEO under this Agreement.