Common use of Changes in Designees Clause in Contracts

Changes in Designees. From time to time during the term of this Agreement, if the incumbent CEO Director resigns or is terminated from his or her position as the CEO, then such former Chief Executive Officer shall be removed as the CEO Director, which position shall remain vacant until such time as a new Chief Executive Officer of the Company is duly appointed by the Board.

Appears in 2 contracts

Sources: Side Letter Agreement (Juno Therapeutics, Inc.), Side Letter Agreement (Juno Therapeutics, Inc.)