Board of Director Membership Sample Clauses

Board of Director Membership. For the purposes of this Agreement, in determining whether there has been a sufficient change in the membership of the Company's or the Bank's board of directors to be deemed a Change of Control, and thus to require a Change of Control Payment to the Executive:
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Board of Director Membership. The Board of Directors of Parent shall take action to have Elijxxx Xxxxxxx xxxcted as a director on the Board of Directors of Parent.
Sample 1
Board of Director Membership. The total Board membership shall consist of seven Director positions. The Board shall be comprised of one representative each from seven (7) Member Agency.
Sample 1
Board of Director Membership. The Company will reimburse Xx. Xxxxxxxx, upon provision of proper documentation, for reasonable expenses actually incurred by him as a director in attending Board meetings on the same terms as other non-employee directors.
Sample 1
Board of Director Membership. As of the Effective Date, the Executive shall be appointed as a member of the Board of Directors. The Executive’s rights, duties and obligations as a Director (including, without limitation, the process required for any removal of the Executive from the Board) shall be governed by the Company’s Articles of Incorporation and By-Laws, each as amended from time to time (the “Governing Documents”). None of the Executive’s rights and benefits under this Agreement, including without limitation, his right to any of the compensation set forth under Section 2 above and the equity provided in Section 3 above, is in any way contingent or based upon the Executive serving as a member of the Board of Directors. Similarly, Executive’s membership on the Board of Directors is not in any way contingent or based upon the Executive serving as the Company’s Chief Executive Officer, and any termination of this Agreement and/or the end of the Executive’s employment with the Company, whether pursuant to Sections 4 and 5 above or otherwise, shall not apply to the Executive’s membership on the Board of Directors; provided, however, that if the Executive is terminated for Cause pursuant to Section 5(A) above, the Executive shall resign his Board of Director membership.
Sample 1
Board of Director Membership. Employee shall serve on Employer's Board of Directors during the initial term of this contract or until the shareholders of Employer elect a new Board of Directors.
Sample 1

Related to Board of Director Membership

  • The Board of Directors AGREES TO—

  • Parent Board of Directors The Board of Directors of Parent will take all actions necessary such that two members of Company's Board of Directors reasonably acceptable to Parent, at least one of whom is an independent director of the Company's Board of Directors, shall be appointed to Parent's Board of Directors as of the Effective Time with a term expiring at the next annual meeting of Parent's stockholders.

  • Board of Directors The Board of Directors of the Company is comprised of the persons set forth under the heading of the Pricing Prospectus and the Prospectus captioned “Management.” The qualifications of the persons serving as board members and the overall composition of the board comply with the Exchange Act, the Exchange Act Regulations, the Xxxxxxxx-Xxxxx Act of 2002 and the rules promulgated thereunder (the “Xxxxxxxx-Xxxxx Act”) applicable to the Company and the listing rules of the Exchange. At least one member of the Audit Committee of the Board of Directors of the Company qualifies as an “audit committee financial expert,” as such term is defined under Regulation S-K and the listing rules of the Exchange. In addition, at least a majority of the persons serving on the Board of Directors qualify as “independent,” as defined under the listing rules of the Exchange.

  • The Board 6.1 The appointment, dismissal and conduct of the Board shall be regulated in accordance with this agreement and the Articles.

  • Board of Director Approval This Agreement shall have been approved by the Board of Directors of Acquirer.

  • Board of Directors or Board The persons holding such office, as of any particular time, under the Articles of Incorporation of the Company, whether they be the Directors named therein or additional or successor Directors.

  • Board of Directors of the Company (a) As of the Effective Date, the number of directors constituting the entire Board of Directors of the Company is seven, but the Board of Directors may increase its size to eight (8). Apollo (or any representative thereof designated by Apollo) shall be entitled, but not required, to nominate up to three (3) members to the Board of Directors (collectively, the "APOLLO NOMINEES") and the Company shall be entitled, but not required, to nominate the remaining members to the Board of Directors. One Apollo Nominee shall be classified as a Class I Director of the Company, one Apollo Nominee shall be classified as a Class II Director of the Company, and one Apollo Nominee shall be classified as a Class III Director of the Company.

  • Change in Board of Directors Individuals who, as of the date hereof, constitute the Board, and any new director whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least two thirds of the directors then still in office who were directors on the date hereof or whose election for nomination for election was previously so approved (collectively, the “Continuing Directors”), cease for any reason to constitute at least a majority of the members of the Board;

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