Board of Directors Position. If, during the term hereof, Executive is nominated to serve as a director of the Company but fails to be elected, he shall nonetheless be invited to attend each meeting of the Board of Directors of the Company through the remainder of the term hereof.
Board of Directors Position. Seller agrees, through its Board of Directors, to nominate Buyer for election to the Board of Directors as a Class I Director by the shareholders of Seller for so long as Buyer owns five percent (5%) or more of the outstanding capital stock of Seller; provided, however, that Seller's obligations under this Section 4.5 shall terminate and expire on the sixth anniversary of the Closing Date.
Board of Directors Position. The Executive will continue to serve on the Board along with the other elected Directors for the term so elected. In the event that the Executive is terminated or resigns his position from the Company for any reason, the Executive agrees to resign from his position on the Board.
Board of Directors Position. The Company shall cause Employee to be nominated for election to the Board of Directors of the Company at each meeting of stockholders of the Company at which directors are elected occurring during the Employment Period.
Board of Directors Position. Promptly following the closing, Txx Xxxxxx will be terminated as an employee by the Surviving Corporation and shall become a consultant to the Surviving Corporation on terms reasonably satisfactory to Parent and Mx. Xxxxxx; and thereafter Parent shall use its best efforts to cause the board of directors of Parent or a subsidiary of Parent to designate Mx. Xxxxxx as an observer to such board of directors or comparable body while Mx. Xxxxxx remains a consultant to Parent. Following termination of Mx. Xxxxxx’ consulting relationship with Parent, Parent will use its best efforts to permit Mx. Xxxxxx to retain his role as an observer to such board of directors or comparable body until the end of 2005, subject in each case to his termination as a result of cause or inability to perform the agreed duties as a board observer.
Board of Directors Position. The Board of Directors of Employer will undertake its best efforts to cause Employee to be elected and remain as a director of the Employer and of all direct and indirect subsidiaries of the Employer. The Employee shall not be entitled to any additional compensation for serving as a director of the Employer or its subsidiaries.
Board of Directors Position. The Parent agrees to take all necessary action so as to cause the Board of Directors of Parent to elect one (1) of the Shareholders, to be selected by the Parent's Nominating Committee, as a director of the Parent, for a two (2) year term beginning after the Closing.
Board of Directors Position. Notwithstanding anything in this Agreement to the contrary, Xxxxxx shall continue to serve as Co-Chairman of the Board of Directors in accordance with the terms of the Company’s Articles of Incorporation and By-Laws as in effect on the date hereof. Xxxxxx shall determine in advance of the next annual meeting whether he shall seek reelection to the Board of Directors of the Company. Xxxxxx may at any time voluntarily resign from the Co-Chairmanship or from the Board of Directors of the Company. If Xxxxxx remains on the Board of Directors after December 31, 2005, he shall be paid $2,000 per month and be issued the customary options for a Board member of the Company. The Company will also provide him business cards with his title as “Co-Chairman” at the inception of this Agreement.
