Common use of Board Membership Clause in Contracts

Board Membership. Executive shall serve as a member of the Board during Executive’s employment hereunder until the term of his directorship expires and he is not re-elected or his earlier resignation or removal from the Board. During the Term (as defined below), the Company or the applicable Board committee will recommend to the Board for nomination, and the Board shall nominate the Executive for reelection to the Board. Executive’s service as a Board member shall be without further compensation. Executive shall resign from the Board effective immediately upon the termination of Executive’s employment with the Company for any reason, and in the absence of any other written resignation proffered to the Board, this agreement, upon such termination, shall constitute such a written resignation.

Appears in 7 contracts

Samples: Executive Employment Agreement (Inhibrx, Inc.), Executive Employment Agreement (Inhibrx, Inc.), Executive Employment Agreement (Inhibrx, Inc.)

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Board Membership. Executive shall serve as a member of the Board during Executive’s employment hereunder until the term of his Executive’s directorship expires and he Executive is not re-elected or his earlier resignation resigns or removal is removed from the Board. During the Term (as defined below), the Company or the applicable Board committee will recommend to the Board for nomination, and the Board shall nominate the Executive for reelection to the Board. Executive’s service as a Board member shall be without further compensation. At such time as Executive’s service to the Company is terminated for any reason or no reason, Executive shall agrees to resign from as a member of the Board effective immediately upon the such termination of Executive’s employment with the Company for any reasonservice, and in the absence of any other written resignation proffered to unless the Board, this agreementin its discretion, upon such termination, shall constitute such a written resignationrequests Executive to not so resign in writing.

Appears in 2 contracts

Samples: Employment Agreement (Evofem Biosciences, Inc.), Executive Employment Agreement (Evofem Biosciences, Inc.)

Board Membership. Executive shall serve as a member of the Board during Executive’s employment hereunder until the term of his directorship expires and he is not re-elected or his earlier resignation or removal from the Board. During the Term (as defined below)Term, the Company or the applicable Board committee Nominating and Corporate Governance Committee will recommend to the Board for nomination, and the Board shall nominate the Executive for reelection to the Board. Executive’s service as a Board member shall be without further cash compensation. At the request of the Board, Executive shall resign from the Board and any committees thereof effective immediately upon the termination of Executive’s employment with the Company for any reasonreason and, and in the absence of any other written resignation proffered to the Board, this agreement, upon such termination, Agreement shall constitute such a written resignation.

Appears in 1 contract

Samples: Employment Agreement (Xenetic Biosciences, Inc.)

Board Membership. Executive shall serve as a member of the Board during Executive’s employment hereunder until the term of his directorship expires and he is not re-elected or his earlier resignation or removal from the Board. During the Term (as defined below), the Company or the applicable Board committee Nominating and Corporate Governance Committee will recommend to the Board for nomination, and the Board shall nominate the Executive for reelection to the Board. Executive’s service as a Board member shall be without further compensation. Executive shall resign from the Board effective immediately upon the termination of Executive’s employment with the Company for any reason, and in the absence of any other written resignation proffered to the Board, this agreement, Agreement upon such termination, termination shall constitute such a written resignation.

Appears in 1 contract

Samples: Executive Employment Agreement (Spero Therapeutics, Inc.)

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Board Membership. Executive shall serve as a member of the Board during Executive’s employment hereunder until the term of his directorship expires and he is not re-elected or his earlier resignation or removal from the Board. During the Term (as defined below), the Company or the applicable Board committee will Nominating and Corporate Governance Committee shall recommend to the Board for nomination, and the Board shall nominate the Executive for reelection to the Board. Executive’s service as a Board member shall be without further compensation. Executive shall resign from the Board effective immediately upon the termination of Executive’s employment with the Company for any reason, and in the absence of any other written resignation proffered to the Board, this agreement, Agreement upon such termination, termination shall constitute such a written resignation.

Appears in 1 contract

Samples: Executive Employment Agreement (Spero Therapeutics, Inc.)

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