Compensation of Officers. An officer shall be entitled only to such compensation as shall be established by written contract or agreement duly approved by or on behalf of the Corporation, or established or approved by resolution of the Board of Directors. Absent such written contract, agreement or resolution of the Board of Directors, no officer shall have a cause of action against the Corporation to recover any amount due or alleged to be due as compensation for services in his or her capacity as an officer of the Corporation.
Appears in 6 contracts
Samples: And Shareholder Control Agreement (Medicalcv Inc), And Shareholder Control Agreement (Medicalcv Inc), And Shareholder Control Agreement (Granite City Food & Brewery LTD)
Compensation of Officers. An officer shall be entitled only to such compensation as shall be established by written contract or agreement duly approved by or on behalf of the Corporationcorporation, or established or approved by resolution of the Board of Directors. Absent such written contract, agreement or resolution of the Board of Directors, no officer shall have a cause of action against the Corporation corporation to recover any amount due or alleged to be due as compensation for services in his or her capacity as an officer of the Corporationcorporation.
Appears in 1 contract
Samples: Vicom Inc
Compensation of Officers. An officer shall be entitled only to such compensation as shall be established by written contract or agreement duly approved by or on behalf of the Corporationcorporation, or established or approved by resolution of the Board of Directors. Absent Against such written contract, agreement or resolution of the Board of Directors, no officer shall have a cause of action against the Corporation corporation to recover any amount due or alleged to be due as compensation for services in his or her capacity as an officer of the Corporationcorporation.
Appears in 1 contract
Samples: Mg Waldbaum Co
Compensation of Officers. An officer shall be entitled only to such compensation as shall be established by written contract or agreement duly approved by or on behalf of the Corporationcorporation, or established or approved by resolution of the Board of Directors. Absent such written contract, agreement or resolution of the Board of Directors, no officer shall have a cause of action against the Corporation corporation to recover any amount due or alleged to be due as compensation for services in his or her capacity as an officer of the Corporationcorporation.
Appears in 1 contract
Samples: Buca Inc /Mn
Compensation of Officers. An officer shall be entitled only to such compensation as shall be established by written contract or agreement duly approved by or on behalf of the Corporationcorporation, or established or approved by resolution of the Board of Directors. Absent such written contract, agreement or resolution of the Board of Directors, no officer shall have a cause of action against the Corporation corporation to recover any amount due or alleged to be due as compensation for services service in his or her capacity as an officer of the Corporationcorporation.
Appears in 1 contract
Samples: And Shareholder Control Agreement (Multiband Field Services Inc)
