Continuation as a Director Sample Clauses

Continuation as a Director. Neither the award of the Shares to the Director nor this Agreement shall confer upon the Director any right to continue or to be nominated as a director of the Company or any of its subsidiaries or limit in any respect the right of the Company's shareholders or Board of Directors to remove the Director at any time.
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Continuation as a Director. Xxxxxxx Xxxxxx agrees to continue to serve as a director of the Company until the Company is able to comply with Section 14(f) of and Rule 14f-1 under the Securities Exchange Act of 1934 in connection with the re-composition of the Company's Board of Directors. Purchaser agrees to use his best reasonable efforts to comply with the preceding Section and Rule as soon as possible after the date hereof, consistent with other corporate objectives, such as changing the Company's corporate name. Xx.Xxxxxx agrees to resign from the Company's Board of Directors after the completion of such compliance;
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Continuation as a Director. Until the election and qualification -------------------------- of his successor, or until his earlier death, removal or resignation, Consultant shall continue to serve as a member of the Board of Directors; however, Consultant shall no longer be Vice Chairman of the Company.
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Continuation as a Director. The adoption and maintenance of the Plan shall not be deemed to give any Participant the right to be retained as a Director of the Company nor shall the Plan be deemed to give the Company the right to require a Participant to remain on the Board of Directors of the Company or to restrict a Participant’s right to resign from the Board of Directors at any time.
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Continuation as a Director. The Director agrees to continue to serve as a director of the Corporation to the best of the Director’s ability until the expiration or earlier termination of the Director’s term of office or until the Director tenders his or her resignation in writing.
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Continuation as a Director. The parties expect that the Executive will continue to serve as a director of the Company beyond the expiration of the term.
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Continuation as a Director. You shall continue to serve in the role of non-executive Chairman of the Board of Directors until the next annual meeting of shareholders of the Company. During the Term, the Company agrees that it will take all actions necessary to nominate you to stand for election as a Director at each annual meeting of stockholders. As a member of the Board of Directors, you shall attend Board of Directors meetings, which shall take place in or around East Norwalk, Connecticut. You shall not receive any separate or additional compensation for serving on the Company’s Board of Directors; except if the other non-employee directors receive options or other payment or benefit upon re-election to the Board of Directors at an annual meeting of shareholders, you will also receive the same number of options or same payment or benefit upon your re-election to the Board of Directors at such annual meeting.
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Related to Continuation as a Director

  • Board Membership During the Employment Term, Executive will serve as a member of the Board, subject to any required Board and/or stockholder approval.

  • Termination Due to Executive’s Death This Agreement will terminate automatically on the date the Executive dies. As of that date, and subject to Section 5.04[6], the Company will make the following payments to the person the Executive designates on the attached Beneficiary designation form or, with respect to any Equity Incentive, the beneficiary the Executive designates under the Stock Incentive Plan under which the award was issued (“Beneficiary”):

  • Upon Death or Disability If the Executive dies, all provisions of Section 3 of this Agreement (other than rights or benefits arising as a result of such death) and the Employment Term shall be automatically terminated; provided, however, that an amount equal to the earned and unpaid Incentive Payments to the date of death and the Standard Termination Payments shall be paid to the Executive’s surviving spouse or, if none, the Executive’s estate (as set forth above), and the death benefits under the Company’s employee benefit plans shall be paid to the Executive’s beneficiary or beneficiaries as properly designated in writing by the Executive. If the Executive is unable to perform the essential functions of the Executive’s job under this Agreement, with or without reasonable accommodation, by reason of physical or mental disability or incapacity (“Disability”) and such disability or incapacity shall have continued for any period aggregating six months within any 12 consecutive months, the Company may terminate this Agreement and the Employment Term at any time thereafter. In such event, the Executive shall be entitled to receive the Executive’s normal compensation hereunder during said time of disability or incapacity, and shall thereafter be entitled to receive the “Disability Incentive Payment” (as described in the penultimate sentence of this subsection (b)) and the Standard Termination Payments (as set forth above). The portion of the payment representing the Disability Incentive Payment shall be paid in a lump sum determined on a net present value basis, using a reasonable discount rate determined by the Board. The Disability Incentive Payment shall be equal to the target Incentive Payment that the Executive would have been eligible to receive for the year in which the Employment Term is terminated multiplied by a fraction, the numerator of which is the number of days in such year before and including the day of termination of the Employment Term and the denominator of which is the total number of days in such year. Subject to Section 19 below, the Disability Incentive Payment shall be payable in a lump sum on the 60th day after termination of the Executive’s employment.

  • Resignation as Director Upon the Company’s written request, Executive agrees to promptly resign as a member of the Company’s Board of Directors following any termination of his employment with the Company (or any parent or subsidiary of the Company).

  • Termination Upon Executive’s Death If the Executive’s employment terminates during the Term due to the Executive’s death, then:

  • Application for Employment Employee understands and agrees that, as a condition of this Agreement, Employee shall not be entitled to any employment with the Company, and Employee hereby waives any right, or alleged right, of employment or re-employment with the Company. Employee further agrees not to apply for employment with the Company and not otherwise pursue an independent contractor or vendor relationship with the Company.

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