Board Services Clause Samples
The Board Services clause defines the scope and nature of services that a board member is expected to provide to an organization. Typically, this clause outlines the specific duties, responsibilities, and time commitments required, such as attending meetings, participating in committees, and offering strategic guidance. By clearly delineating these expectations, the clause ensures both the organization and the board member understand their mutual obligations, thereby promoting effective governance and minimizing misunderstandings about the role.
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Board Services. As a member of the Board, your Services shall include: (i) using your reasonable best efforts to provide financial and strategic advice to the Company; (ii) attending and participating in such number of meetings of the Board as regularly or specially called, but in any case, no fewer than four (4) meetings per year. Board meetings may be held via teleconference, videoconference or in person; (iii) consulting with other Board members regularly and as necessary via telephone, electronic mail or other forms of correspondence; (iv) participating in at least four (4) conference calls for operational purposes with the Company’s management in any year; and (v) rendering such other services as may be reasonably and customarily requested of a member of a board of directors of a similarly situated company.
Board Services. Chairman shall serve as Chairman of the Board in a non-executive capacity and shall not be either an employee or officer of the Company. As the Chairman of the Board, Chairman shall, in a manner consistent with applicable legal and corporate governance standards: (i) regularly attend and preside at Board meetings, (ii) chair the Annual Meeting, (iii) serve on such committees of the Board to which he may be appointed by the Board, and (iv) perform such other duties as are consistent with Chairman’s position as Chairman of the Board. The services described in this Section 2(a) are herein referred to as “Board Services”.
Board Services. Commencing as of the Effective Date and continuing during the Board Service Period, the Company hereby retains the Board Member to serve as a director of the Company, and any committee thereof to which the Board Member is duly designated, and, at the Company’s request, any board of directors or similar governing body of any of the Company’s subsidiaries and any committees thereof (the “Board Services”). The Board Member will perform the Board Services at such times and in such manner as reasonably requested by the Company from time to time. During the Board Service Period, the Company shall take such action as may be necessary to appoint or elect Board Member as a member of the Board and, if so requested by the Company, any board of directors or similar governing body of any of its subsidiaries.
Board Services. The Company hereby requests and Advisor hereby agrees to provide ▇▇. ▇▇▇▇▇ to serve as Chairman of the Board of the Company. In order to enable Advisor to provide ▇▇. ▇▇▇▇▇, one of its employees, to deliver the requested Services as Chairman of the Board of the Company, the Company agrees to use its best efforts to cause ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇, to be elected as a member of the Company’s Board, and to be selected as Chairman of the Board, throughout the Term and shall include him in the slate for election as a director at every stockholders meeting during the Term at which his term as a director would otherwise expire.
Board Services. Commencing on September 1st, 2024, and thereafter during the remainder of the Term, the Board will provide at no cost to the Operator the following services at the School Site on weekdays, exclusive of holidays, snow days, and emergencies resulting in the school board being closed:
(a) daily custodial duties as outlined in Schedule “B” hereof;
(b) annual thorough cleaning;
(c) provision of cleaning and custodial supplies;
(d) snow plowing and snow removal;
(e) grass cutting;
(f) garbage removal;
(g) security monitoring services;
(h) regulatory inspections for fire alarms and play structures; and
(i) utilities supply: hydro, natural gas, water.
Board Services. The Board Member shall devote sufficient time and attention and use his best efforts towards the interests of the Corporation. Without limiting the generality of the foregoing, the Board Member shall continue to perform all of his responsibilities in a diligent, faithful and professional manner, treating the Corporation at all times as a going concern. The Board Member understands and acknowledges that the Corporation is relying upon the ongoing hard work and commitment of the Board Member during a potentially turbulent and difficult period as consideration for its entering into this Agreement.
Board Services. As a member of the Board, your Services shall include: (i) using your reasonable best efforts to provide financial and strategic advice to the Company; (ii) attending and participating in such number of meetings of the Board as regularly or specially called, but in any case, no fewer than four (4) meetings per year. Board meetings may be held via teleconference, videoconference or in person; (iii) consulting with other Board members regularly and as necessary via telephone, electronic mail or other forms of correspondence; (iv) at the discretion of the Company participating in at least two conference call for operational purposes with the Company’s management in any month; (v) providing limited strategic consulting services for the Company, as requested; (vi) making strategic introductions (to customers, vendors, or potential investors) for the Company; and (vi) rendering such other services as may be reasonably and customarily requested of a member of a board of directors of a similarly situated company.
Board Services. 1. The Board will need to verify the Community’s previously identified Municipal Separate Stormwater System outfall locations and update any outfall information that has changed, during the 2024 and 2025 report periods.
2. The Board will monitor the Community’s designated Municipal Separate Stormwater System outfall locations during a dry weather period (a minimum of 72 hours with no rain event) and sample up to 25 of the flowing outfall locations that are outside of the Northeast Ohio Regional Sewer District’s Regional Stormwater Management Program area during the 2024 and 2025 report periods. The samples collected will be analyzed for the presence of E. coli bacteria.
Board Services. Fortissimo is entitled, under the terms of the SPA and subject to the Closing, to elect a majority of the Board, including as the chairman of the Board (the “Fortissimo Directors”). The services rendered by the directors and the Chairman will be referred hereinafter as the “Board Services”.
Board Services. Effective upon the Effective Time (as defined in the Merger Agreement), you will cease to serve as Chief Executive Officer and an employee of IBG. In addition, for a period from the Effective Time until the date of the Company’s annual meeting of shareholders for the 2027 fiscal year scheduled to be held in April 2027 (the “Scheduled End Date”), you will provide services to the Company Group as a member of the Board of Directors of the Company (the “Board”), subject to your election to the Board at each of the Company’s annual meeting of shareholders for the 2025 (assuming the Effective Time occurs prior to the Company’s 2025 annual meeting of shareholders) and 2026 fiscal years (it being understood that the Company shall nominate you for election to the Board at each such meeting). Your service as a director of the Company shall otherwise be subject to the terms of the Amended and Restated Bylaws of the Company. As long as you continue to serve on the Board, unless otherwise requested by you, the Company shall take all actions necessary to elect you as a director of SouthState Bank, National Association. The date on which you retire from the Board and are no longer providing services to the Company shall be referred to as the “Separation Date”.