Common use of Board Membership Clause in Contracts

Board Membership. Subject to the termination of this Agreement, during the Term, at each annual meeting of the Company's stockholders, the Company will nominate the Executive to serve as a member of the Board unless such nomination is not consistent with the goals and objectives of the Company’s nominating committee. The Executive's service as a member of the Board will be subject to any required stockholder approval. Upon the termination of the Executive's employment for any reason, unless otherwise requested by the Board, the Executive agrees to resign from the Board (and all other positions held at the Company and its affiliates), and the Executive, at the Board's request, will execute any documents necessary to reflect his resignation.

Appears in 9 contracts

Samples: Executive Employment Agreement (Cen Biotech Inc), Executive Employment Agreement (Cen Biotech Inc), Executive Employment Agreement (Cen Biotech Inc)

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Board Membership. Subject to the termination of this Agreement, during the Term, at At each annual meeting of the Company's stockholders’s stockholders prior to the Termination Date, the Company will nominate the Executive to serve as a member of the Board unless such nomination is not consistent with the goals and objectives of the CompanyBoard. Executive’s nominating committee. The Executive's service as a member of the Board will be subject to any required stockholder approval. Upon the termination of the Executive's ’s employment for any reason, unless otherwise requested by the Board, the Executive agrees to resign from the Board (and all other positions held at the Company and its affiliates), and the Executive, at the Board's ’s request, will execute any documents necessary to reflect his resignation.

Appears in 7 contracts

Samples: Executive Consulting Agreement (Core Lithium Corp.), Executive Employment Agreement (Symantec Corp), Executive Employment Agreement (WALL STREET ACQUISITIONS, Corp)

Board Membership. Subject to the termination of this Agreement, during the Term, at At each annual meeting of the Company's stockholders’s shareholders prior to the Termination Date at which Executive’s board term is expiring, the Company will nominate the Executive to serve as a member of the Board unless such nomination is not consistent Board, subject to required stockholder approval and compliance with the goals and objectives of the Company’s nominating committee. The Executive's policies and procedures regarding service as a member of the Board will be subject to any required stockholder approvalBoard. Upon the termination of the Executive's ’s employment for any reason, unless otherwise requested by the Board, the Executive agrees to resign from the Board (and all other positions held at the Company and its affiliates), and the Executive, at the Board's ’s request, will execute any documents necessary to reflect his resignation.

Appears in 4 contracts

Samples: Executive Employment Agreement (Costco Wholesale Corp /New), Executive Employment Agreement (Costco Wholesale Corp /New), Executive Employment Agreement (Costco Wholesale Corp /New)

Board Membership. Subject to the termination of this Agreement, during the Term, at At each annual meeting of the Company's stockholdersstockholders prior to the Termination Date, the Company will nominate the Executive to serve as a member of the Board unless such nomination is not consistent with the goals and objectives of the Company’s nominating committeeBoard. The Executive's service as a member of the Board will be subject to any required stockholder approval. Upon the termination of the Executive's employment for any reason, unless otherwise requested by the Board, the Executive agrees to resign from the Board (and all other positions held at the Company and its affiliates), and the Executive, at the Board's request, will execute any documents necessary to reflect his resignation.

Appears in 3 contracts

Samples: Employment Agreement (BOSTON OMAHA Corp), Executive Employment Agreement (Teamupsport Inc.), Executive Employment Agreement (Gold Lakes Corp.)

Board Membership. Subject to the termination of this Agreement, during the Term, at At each annual meeting of the Company's stockholdersstockholders during the Employment Period, the Company will nominate the Executive Employee to serve as a member of the Board unless such nomination is not consistent with the goals and objectives of the Company’s nominating committeeBoard. The ExecutiveEmployee's service as a member of the Board will be subject to any required stockholder approval. Upon the termination of the ExecutiveEmployee's employment for any reason, unless otherwise requested by the Board, the Executive Employee agrees to resign from the Board (and all other positions held at the Company and its affiliates), and the ExecutiveEmployee, at the Board's request, will execute any documents necessary to reflect his resignation.

Appears in 2 contracts

Samples: Employment Agreement (HealthWarehouse.com, Inc.), Employment Agreement (HealthWarehouse.com, Inc.)

Board Membership. Subject to the termination of this Agreement, during the Term, at each annual meeting of the Company's stockholdersstockholders , the Company will nominate the Executive to serve as a member of the Board unless such nomination is not consistent with the goals and objectives of the Company’s 's nominating committee. The Executive's service as a member of the Board will be subject to any required stockholder approval. Upon the termination of the Executive's employment for any reason, unless otherwise requested by the Board, the Executive agrees to resign from the Board (and all other positions held at the Company and its affiliates), and the Executive, at the Board's request, will execute any documents necessary to reflect his resignation.

Appears in 1 contract

Samples: Executive Employment Agreement (Cen Biotech Inc)

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Board Membership. Subject to As of the termination Effective Date, the Executive shall also serve as a member of this Agreement, during the Term, at Board of Directors of the Xxxxxxx.Xx each annual meeting of the Company's stockholders’s stockholders during the Employment Term, the Company will nominate the Executive to serve as a member of the Board unless such nomination is not consistent with the goals and objectives of the Company’s nominating committeeBoard. The Executive's ’s service as a member of the Board will be subject to any required stockholder approval. Upon the termination of the Executive's ’s employment for any reason, unless otherwise requested by the Board, the Executive agrees will be deemed to resign have resigned from the Board (and all other positions held at as of the Company and its affiliates), end of the Executive’s employment and the Executive, at the Board's ’s request, will execute any documents necessary to reflect his resignation.

Appears in 1 contract

Samples: Executive Employment Agreement (Nova Mining CORP)

Board Membership. Subject to the termination of this Agreement, during the Term, at each annual meeting of the Company's stockholders, the Company will nominate the Executive to serve At such time as a member of the Board unless such nomination is not consistent with the goals and objectives of the Company’s nominating committee. The Executive's service as a member of the Board will be subject to any required stockholder approval. Upon the termination of the Executive's employment for any reason, unless otherwise requested by the Boardrequests, the Executive agrees to shall resign from his position on the Board (and all other positions held at the Company and its affiliates), and the Executiveaffiliates and, at the Board's request, ’s request will execute any documents necessary to reflect his resignationsuch resignations. The Executive may continue to attend meetings of the Board at the invitation of the Chairman of the Board.

Appears in 1 contract

Samples: Executive Employment Agreement (Symantec Corp)

Board Membership. Subject to (If the termination Executive is a member of this Agreement, during the Term, at Board). At each annual meeting of the Company's stockholders’s stockholders prior to the Termination Date, the Company will nominate the Executive to serve as a member of the Board unless such nomination is not consistent with the goals and objectives of the Company’s nominating committeeBoard. The Executive's ’s service as a member of the Board will be subject to any required stockholder approval. Upon the termination of the Executive's ’s employment for any reason, unless otherwise requested by the Board, the Executive agrees to resign from the Board (and all other positions held at the Company and its affiliates), and the Executive, at the Board's ’s request, will execute any documents necessary to reflect his his/her resignation.

Appears in 1 contract

Samples: General Release and Agreement (Webstar Technology Group Inc.)

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