Advisory Directors Sample Clauses
The Advisory Directors clause establishes the role and function of advisory directors within a company or organization. Typically, this clause outlines the appointment process, responsibilities, and limitations of advisory directors, who may provide strategic guidance and expertise but do not possess voting rights or formal decision-making authority on the board. By clearly defining the advisory capacity and boundaries of these directors, the clause ensures that their input is utilized effectively while maintaining the governance structure and accountability of the formal board.
POPULAR SAMPLE Copied 9 times
Advisory Directors. The Board of Directors may by resolution appoint advisory directors to the Board, who may also serve as directors emeriti, and shall have such authority and receive such compensation and reimbursement as the Board of Directors shall provide. Advisory directors or directors emeriti shall not have the authority to participate by vote in the transaction of business.
Advisory Directors. The Board may, from time to time, elect one or more Advisory Directors, each of whom shall serve until the first meeting of the Board next following the annual meeting of the Members or until his earlier resignation or removal by the Board. Advisory Directors shall serve as advisors and consultants to the Board, shall be invited to attend all meetings of the Board and may participate in all discussions occurring during such meetings. Advisory Directors shall not be privileged to vote on matters brought before the Board and shall not be counted for the purpose of determining whether a quorum of the Board is present.
Advisory Directors. Prior to the Closing Seller will terminate the services of all advisory directors of the Branch.
Advisory Directors. The directors and employees of BBI named on ------------------ Exhibit 1.01(g) hereto shall be entitled to become a member of the Barrington, Illinois Advisory Board (to be established by FCN upon the Effective Time) for such terms set forth on such Exhibit. Meetings of the Barrington, Illinois Advisory Board shall be held at least once every six months, and each member of the Barrington, Illinois Advisory Board shall receive compensation of $250 per meeting attended.
Advisory Directors. The Advisory Board to the Corporation shall meet concurrently with the Board of Directors. The Advisory Board shall not have any right to vote on matters before the Board, but the Advisory Board shall have the right to review information provided to the Board of Directors and to provide the Board with advice and counsel regarding such matters.
Advisory Directors. The Board may appoint Advisory Directors (who may be invited by the Board to serve the Board in an advisory capacity and attend meetings of the Board, but who will not be members of the Board or “Directors” as used in this Agreement or the Act and who will have no voting rights on the Board) as provided in Section 5.3(d). Other than the initial appointment (which may only be for a term that ends with the next election of Directors by the Members), Directors and Advisory Directors appointed by the Board shall have one-year terms beginning and ending at the Annual Members meeting.
Advisory Directors. Following the Effective Time of the Holding Company Merger, City Holding agrees to appoint members of the Board of Directors of Raleigh, Summers, Greenbrier, Marlinton and Twentieth as advisory directors of City National, but this undertaking shall not create any obligation on City Holding's part to appoint any particular director as an advisory director for any particular term. City Holding agrees, for three years from the Effective Time of the Holding Company Merger, to maintain deferred compensation plans for directors, with similar benefits, and shall not terminate or reduce any benefits of any person thereunder which have been accrued, funded or vested.
Advisory Directors. Each member of the Board of Trustees of ------------------ Corry as of the date of this Agreement shall be entitled to serve on an Advisory Board to the Board of Directors of Northwest. The non-employee Advisory Directors shall receive an annual fee no less than the annual fee currently paid to such persons as trustees of Corry as of the date of this Agreement. The Advisory Board will meet monthly. Meetings of the Advisory Board of Directors shall be held in either ▇▇▇▇▇▇ or Corry, Pennsylvania, or such other location as a majority of the Advisory Directors shall agree.
Advisory Directors. The Board of Directors from time to time may elect one or more persons to be advisory directors who shall not by such appointment be members of the Board of Directors. Advisory directors shall be available from time to time to perform special assignments specified by the president, to attend meetings of the Board of Directors upon invitation and to furnish consultation to the Board of Directors. The period during which the title shall be held may be prescribed by the Board of Directors. If no period is prescribed, the title shall be held at the pleasure of the Board of Directors.
Advisory Directors. 37 6.14 Stock Option Plan..................................38 6.15 Recognition and Retention Plan.....................38 6.16 ESOP...............................................39 6.17 Defined Benefit Pension Plan.......................39 6.18 Executive Supplemental Retirement Income Agreements.............................40 6.19