Directorship. The Company shall use its best efforts to cause the Executive to be elected as a member of its Board of Directors throughout the Term and shall include him in the management slate for election as a director at every stockholders meeting during the Term at which his term as a director would otherwise expire. The Executive agrees to accept election, and to serve during the Term, as director of the Company, without any compensation therefor other than as specified in this Agreement.
Directorship. 21.1 The Executive shall not during his employment voluntarily resign from his office as a director of the Company and he shall not do or fail to do anything which causes or is likely to cause him to be prohibited by law from continuing to act as a director.
Directorship. The removal of the Executive from the office of director of the Company or the failure of the Company in general meeting to re-elect the Executive as a director of the Company (if he shall be obliged to retire by rotation or otherwise pursuant to the articles of association of the Company) shall terminate the Executive's employment under this Agreement and such termination shall be without prejudice to any claim which the Executive may have for damages for breach of this Agreement provided that the Company was not entitled at the time of such removal or failure to re-elect to terminate his employment.
Directorship. Management of the Company will, at every election for the Board of Directors while Executive is employed by the Company as Chief Executive Officer, use its best efforts to have Executive nominated for a seat on the Board as a member of the management slate. Executive’s nomination and continuation as a director shall be subject to the will of the Board of Directors and the Company’s stockholders, as provided in the Company’s charter and bylaws. Removal of Executive from, or non-election of Executive to, the Board of Directors as provided in the Company’s charter and bylaws shall in no event be deemed a breach of this Agreement by the Company.
Directorship. In the event that Executive is elected to serve on the Company’s Board, the Executive agrees to accept election, as director of the Company, without any compensation therefore other than as specified in this Agreement.
Directorship. Employee will also be appointed to and serve as a member of the Board of Directors of the Bank.
Directorship. 20.1 If (a) the Company shall remove the Executive from the office of Director of the Company or (b) under the Articles of Association for the time being of the Company the Executive shall be obliged to retire by rotation or otherwise and the Company in general meeting shall fail to re-elect the Executive as a Director of the Company (either such case being referred to in this clause 20.1 as an “Event”), then the Executive’s employment under this Agreement shall automatically terminate with effect from the date of the Event.
Directorship. In addition, Executive shall continue as a Director of each of the Boards following the Effective Date, and shall be nominated for re-election to the Board during the Term, subject to the Board’s fiduciary duties. Executive agrees to resign as a member of the Boards, in the event his employment under this Agreement terminates for any reason, effective as of the date of such termination.
Directorship. 4.1 Except as otherwise stated in this Agreement, the Executive shall not prior to the termination of this Agreement resign or be subject to retirement by rotation as a director of the Company or any Group Company (unless the Articles of Association of the Company or the relevant Group Company as amended from time to time so provide).
