Director Position Sample Clauses
The Director Position clause defines the role, responsibilities, and authority of a director within an organization or company. It typically outlines the scope of the director's duties, such as overseeing management, making strategic decisions, and representing the company in official matters. This clause may also specify qualifications required for the position, the process for appointment or removal, and any limitations on the director's powers. Its core practical function is to establish clear expectations and boundaries for the director's role, ensuring effective governance and accountability within the organization.
Director Position. Board Member agrees to serve as a Board Member for the Company, on the terms and conditions set forth below.
Director Position. Executive shall be appointed to the Board of ----------------- Directors of the Company promptly following the Commencement Date and shall be nominated by the Company for reelection as a director at each meeting of the stockholders at which directors are elected. Executive agrees to resign from the Board of Directors in the event his employment with the Company terminates.
Director Position. The position will be a part time position that will be renewed every 24 months. The duties of the director position will be performed by one of the full-time continuing Officer-level employees. Employees at the Assistant-level are ineligible to apply for the Director position. In the event that the staff person performing the Director duties takes a leave pursuant to the terms of Article 23, one of the other eligible Officer-level employees will assume the duties of the Director. Should the leave exceed twenty (20) working days, the employee assuming the duties for the period of the leave will be entitled to receive 1/12th of the equivalent of the stipend below for each month they are performing the Director duties. In the event that all eligible Officer-level employees are on leave, an Assistant-level employee may temporarily assume the duties of an Officer, including those of the Director. Should this situation arise, it will be brought to the EERC for discussion and decision.
Director Position. Subject to all legal limitations and conditions applicable to service as a director of CCB, (i) the Board of Directors of CCB shall nominate and use its best efforts to secure the election of Executive as a director of CCB during the term of this Agreement, and (ii) if so elected, Executive shall serve as member of Executive Committee of the Board of Directors of CCB.
Director Position. During the Executive's employment, the Executive agrees to serve as a Director of the Employer in the role of Chairman, for so long as the Executive is nominated and elected therefore.
Director Position. Nothing contained in this Agreement shall impact the Employee’s right to remain a director of the Company.
Director Position. (a) You may hold the position of non-executive director on the Board of another company, provided that the time commitments to such a role are reasonable having regard to your obligations to the Company under this Agreement, that your appointment as non-executive director of the other company has been approved by the Chairman and that at all times your obligations under this Agreement take priority.
(b) You agree that, should the Board raise concerns with respect to the continuation of the non-executive role described in clause 16.216.2(a), you will discuss those concerns with the Board in good faith with a view to resolving such concerns to the satisfaction of the Board.
Director Position. Following the Closing, Buyer will cause one (1) current member of the board of directors of Seller or the Bank, who is acceptable to Buyer and who satisfies the criteria for an “independent” director under applicable NASDAQ listing standards, to be elected to the board of directors of Buyer.
Director Position. During the Employment Period, you shall serve as a member of the Board and a member of the board of directors of any parent holding or operating company, other than any non-public entity that solely holds equity or debt of the Company; the Majority Stockholder, as such term is defined in the Plan (as defined below), shall cause you to be elected to the Board (or such other board of directors) as soon as practicable after the date hereof.
Director Position. Jody R. Regan, as the sole director of the Company, shall appo▇▇▇ ▇▇▇▇▇▇▇ ▇. Schmidt to fill the current vacancy on the board of dir▇▇▇▇▇▇.