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 he ceases to hold the offices of President and Chief Executive Officer.
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 Duties
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. 3.
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. Prior to the Effective Date, Xx. Xxxxx will be appointed by the Board to serve as a Class I director on the Board, for an initial term that will commence on the Effective Date and expire at the Company’s 2021 annual meeting of stockholders, and in all events subject to the terms and conditions of the Company’s Certificate of Incorporation and Bylaws and Delaware General Corporate Law. During his tenure as a member of the Board, (a) Xx. Xxxxx will receive compensation from the Company in such amounts and types, at such times and subject to such terms and conditions, in each case, as other non-employee directors serving on the Board; and (b) Xx. Xxxxx, his spouse and his eligible dependents will continue to be eligible to participate in any medical, dental, vision plans or policies otherwise then generally made available by the Company to its executives, provided, that, Xx. Xxxxx pays the same portion of the premiums and related deductibles and copays required under the plan in connection with such participation as paid by other actively-employed executives of the Companies, all of which are subject to change at least annually; and provided, further, that in the event that Xx. Xxxxx obtains other employment, such continuation of coverage by the Company under this Section 2 shall immediately cease.
Director Position. Subject to all legal limitations and conditions applicable to service as a director of Centura and the Bank, (i) the Boards of Directors of Centura and the Bank shall nominate and use their best efforts to secure the election of Executive as a director of Centura and of the Bank 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 Centura.
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. Adelphia agrees that it will vote all shares of the Company over which it exercises voting control to elect Employee a director of the Company.
Director Position. The Acquirer shall cause Dr. Enrique Fernando Molina, or hxx xxxxxxxxx, to have two of seven seats on the Board of Directors of the Acquirer.
