Common use of Directorship Term Clause in Contracts

Directorship Term. The “Directorship Term,” as used in this Agreement, shall mean the period commencing on the Effective Date and terminating on the earliest of the following to occur: (a) the death or disability of the Director; (b) the termination of the Director from membership on the Board by the mutual agreement of the Company and the Director; (c) the removal of the Director from the Board by the majority stockholders of the Company; and (d) the resignation by the Director from the Board.

Appears in 8 contracts

Samples: Independent Director Agreement (Payment Data Systems Inc), Independent Director Agreement (Usio, Inc.), Independent Director Agreement (Payment Data Systems Inc)

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Directorship Term. The “Directorship Term,” as used in this Agreement, shall mean the period commencing on the Effective Date and terminating on the earlier of the date of the next annual or special stockholders meeting called for the purposes of electing directors, and the earliest of the following to occur: (a) the death or disability of the Director; (b) the termination of the Director from his membership on the Board by the mutual agreement of the Company and the Director; (c) the removal of the Director from the Board by the majority stockholders of the Company; and (d) the resignation by the Director from the Board.

Appears in 6 contracts

Samples: Independent Director Agreement (Marijuana Co of America, Inc.), Independent Director Agreement (Marijuana Co of America, Inc.), Independent Director Agreement (Marijuana Co of America, Inc.)

Directorship Term. The “Directorship Term,” as used in this Agreement, shall mean the a twelve (12) month period commencing on the Effective Date and terminating on shall automatically renew unless the earliest one of the following to events occur: (a) the death or disability of the Director; (b) the termination of the Director from his membership on the Board by the mutual agreement of the Company and the Director; (c) the removal of the Director from the Board by the majority stockholders of the Company; and (d) the resignation by the Director from the Board.

Appears in 2 contracts

Samples: Independent Director Agreement (To the Stars Academy of Arts & Science Inc.), Independent Director Agreement (To the Stars Inc.)

Directorship Term. The “Directorship Term,” as used in this Agreement, shall mean the period commencing on the Effective Date and terminating on Date, which shall be the earliest of the following to occur: (a) the death or disability date of the Director; (b) the termination of the Director from membership on ’s appointment by the Board by the mutual agreement of the Company and the Director; (c) the removal of the Director from the Board by the majority stockholders of the Company; , and (d) shall continue until the resignation by the Director from the BoardDirector’s removal or resignation.

Appears in 2 contracts

Samples: Board of Directors Services Agreement (Healing Co Inc.), Board of Directors Services Agreement (Healing Co Inc.)

Directorship Term. The “Directorship Term,” as used in this Agreement, shall mean the period commencing on the Effective Date and terminating on the earlier of the date of the next annual stockholders meeting and the earliest of the following to occur: (a) the death or disability of the Director; (b) the termination of the Director from his membership on the Board by the mutual agreement of the Company and the Director; (c) the removal of the Director from the Board by the majority stockholders of the Company; and (d) the resignation by the Director from the Board.

Appears in 2 contracts

Samples: Independent Director Agreement (Glucose Health, Inc.), Independent Director Agreement (Glucose Health, Inc.)

Directorship Term. The “Directorship Term,” as used in this Agreement, shall mean the period commencing on the Effective Date and terminating on the earliest earlier of the following to occur: date of (a) the expiration of Director’s term of office as indicated in the Company’s Certificate of Incorporation; (b) the death or disability of the Director; (bc) the termination of the Director from his membership on the Board by the mutual agreement of the Company and the Director; or (cd) the removal or resignation of the Director from the Board by the majority stockholders of in accordance with the Company; and (d) the resignation by the Director from the Board’s Certificate of Incorporation.

Appears in 2 contracts

Samples: Independent Director Agreement (Tengasco Inc), Independent Director Agreement (Riley Exploration - Permian, LLC)

Directorship Term. The “Directorship Term,” as used in this Agreement, shall mean the period commencing on the Effective Date and terminating on the earlier of the date of the next annual stockholders meeting and the earliest of the following to occur: (a) the death or disability of the Director; (b) the termination of the Director from her membership on the Board by the mutual agreement of the Company and the Director; (c) the removal of the Director from the Board by the majority stockholders of the Company; and (d) the resignation by the Director from the Board.

Appears in 1 contract

Samples: Independent Director Agreement (McTc Holdings, Inc.)

Directorship Term. The “Directorship Term,” as used in this Agreement, shall mean the period commencing on the Effective Date and terminating on the earlier of the date of the next annual stockholders meeting and the earliest of the following to occur: (a) the death or disability of the Director; (b) the termination of the Director from his membership on the Board by the mutual agreement of the Company and the Director; (c) the removal of the Director from the Board by the majority stockholders of the Company; and (d) the resignation by the Director from the Board; or (e) three (3) years from the Effective Date.

Appears in 1 contract

Samples: Independent Director Agreement (Hightimes Holding Corp.)

Directorship Term. The “Directorship Term,” as used in this Agreement, shall mean the period commencing on the Effective Date and terminating on the earlier of the date of the next annual stockholders meeting and the earliest of the following to occur: (a) the death or disability of the Director; (b) the termination of the Director from his membership on the Board by the mutual agreement of the Company and the Director; (c) the removal of the Director from the Board by the majority stockholders of the Company; and (d) the resignation by the Director from the Board.. TPT GLOBAL INDEPENDENT DIRECTOR AGREEMENT

Appears in 1 contract

Samples: Independent Director Agreement (TPT Global Tech, Inc.)

Directorship Term. The “Directorship Term,” as used in this Agreement, shall mean the period commencing on the Effective Date and terminating on the earlier of the date of the next annual stockholders meeting and the earliest of the following to occur: (a) the death or disability of the Director; (b) the termination of the Director from his membership on the Board by the mutual agreement of the Company and the Director; (c) the removal of the Director from the Board by the majority of quorum of stockholders of the CompanyCompany entitled to vote; and (d) removal for cause, and (e) the resignation by the Director from the Board.

Appears in 1 contract

Samples: Executive Director Agreement (Key Link Assets Corp.)

Directorship Term. The “Directorship Term,” as used in this Agreement, shall mean the period commencing on the Effective Date and terminating on the earlier of the date of the next annual stockholders meeting and the earliest of the following to occur: (a) the death or disability of the Director; (b) the termination of the Director from her membership on the Board by the mutual agreement of the Company and the Director; (c) the removal of the Director from the Board by the majority stockholders of the Company; and (d) the resignation by the Director from the Board.

Appears in 1 contract

Samples: Independent Director Agreement (Cannabis Global, Inc.)

Directorship Term. The “Directorship Term,” as used in this Agreement, shall mean the period commencing on the Effective Date date the Director first became appointed to the Board and terminating on the earlier of the date of the next annual stockholders meeting and the earliest of the following to occur: (a) the death or disability of the Director; (b) the termination of the Director from his membership on the Board by the mutual agreement of the Company and the Director; (c) the removal of the Director from the Board by the majority stockholders of the Company; and (d) the resignation by the Director from the Board.

Appears in 1 contract

Samples: Director Agreement (Innovative Food Holdings Inc)

Directorship Term. The “Directorship Term,” as used in this Agreement, shall mean the a twelve (12) month period commencing on the Effective Date and terminating on shall automatically renew unless the earliest one of the following to occurevents occurs: (a) the death or disability of the Director; (b) the termination of the Director from his membership on the Board by the mutual agreement of the Company and the Director; (c) the removal of the Director from the Board by the holder(s) of a majority stockholders of the issued and outstanding shares of the Company; and or (d) the resignation by the Director from the Board.

Appears in 1 contract

Samples: Independent Director Agreement (To the Stars Inc.)

Directorship Term. The “Directorship Term,” as used in this Agreement, shall mean the period commencing on the Effective Start Date and terminating on the earlier of the date of the next annual stockholders meeting and the earliest of the following to occur: (a) the death or disability of the Director; (b) the termination of the Director from his membership on the Board by the mutual agreement of the Company and the Director; (c) the removal of the Director from the Board by the majority stockholders of the Company; and (d) the resignation by the Director from the Board.

Appears in 1 contract

Samples: Board of Directors Services Agreement (Healing Co Inc.)

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Directorship Term. The “Directorship Term,” as used in this Agreement, shall mean the period commencing on the Effective Date and terminating on the earlier of the date of Company’s next annual shareholders meeting and the earliest of the following to occur: (a) the death or disability of the Director; (b) the termination of the Director from his membership on the Board by the mutual agreement of the Company and the Director; (c) the removal of the Director from the Board by a majority vote of Company’s shareholders (or by any voting threshold required or specified in or under the majority stockholders governing documents of the Company; ), and (d) the Director’s resignation by the Director from the Board.

Appears in 1 contract

Samples: Independent Director Agreement (Innovative Payment Solutions, Inc.)

Directorship Term. The “Directorship Term,” ”, as used in this Agreement, shall mean the period commencing on the Effective Date and terminating on the earlier of the date of the next annual stockholders meeting and the earliest of the following to occur: (a) the death or disability of the Director; (b) the termination of the Director from his membership on the Board by the mutual agreement of the Company Corporation and the Director; (c) the removal of the Director from the Board by in accordance with the majority stockholders governing documents of the CompanyCorporation; and (d) the resignation by the Director from the Board.

Appears in 1 contract

Samples: Director Service Agreement (Scienjoy Holding Corp)

Directorship Term. The “Directorship Term,” as used in this Agreement, shall mean the period commencing on the Effective Date and terminating on three years from commencement and the earliest of the following to occur: (a) the death or disability of the Director; (b) the termination of the Director from their membership on the Board by the mutual agreement of the Company and the Director; (c) the removal of the Director from the Board by the majority stockholders of the CompanyCompany or the stockholder who appointed the Director, as applicable; and (d) the resignation by the Director from the Board.

Appears in 1 contract

Samples: Director Agreement (Gryphon Digital Mining, Inc.)

Directorship Term. The "Directorship Term,” " as used in this Agreement, Agreement shall mean the period commencing on the Effective Date January 1, 2022 and terminating on the earliest of the following to occur: (a) the death or disability of the Director; (b) the termination of the Director from his membership on the Board by the mutual agreement of the Company and the Director; (c) the removal of the Director from the Board by the majority stockholders of the Company; and (d) the resignation by the Director from the Board.

Appears in 1 contract

Samples: Amended Director Agreement (FISION Corp)

Directorship Term. The “Directorship Term,” as used in this Agreement, shall mean the period commencing on the Effective Date and terminating on the earlier of the date of the next annual stockholders meeting and the earliest of the following to occur: (a) the death or disability of the Director; (b) the termination of the Director from his membership on the Board by the mutual agreement of the Company and the Director; (c) the removal of the Director from the Board by the majority of quorum of stockholders of the CompanyCompany entitled to vote; and (d) removal for cause, (e) and the resignation by the Director from the Board.

Appears in 1 contract

Samples: Executive Director Agreement (Key Link Assets Corp.)

Directorship Term. The “Directorship Term,” as used in this Agreement, shall mean the period commencing on the Effective Date and terminating on the earliest of the following to occur: (a) the death or disability of the Director; (b) the termination of the Director from membership on the Board by the mutual agreement of the Company and the DirectorCompany; (c) the removal annual meeting of the Company’s stockholders in which Director from is not re-elected to the Board by the majority Company’s stockholders of in accordance with the Company’s certificate of incorporation and bylaws; and (d) the resignation by the Director from the Board.

Appears in 1 contract

Samples: Independent Director Agreement (Snail, Inc.)

Directorship Term. The "Directorship Term," as used in this Agreement, shall mean the period commencing on the Effective Date and terminating on the earlier of the date of the next annual stockholders meeting and the earliest of the following to occur: (a) the death or disability of the Director; (b) the termination of the Director from his membership on the Board by the mutual agreement of the Company and the Director; (c) the removal of the Director from the Board by the majority stockholders of the Company; and (d) the resignation by the Director from the Board.

Appears in 1 contract

Samples: Independent Director Agreement (Cannabis Global, Inc.)

Directorship Term. The "Directorship Term," as used in this Agreement, shall mean the period commencing on the Effective Date January 1, 2022 and terminating on the earliest of the following to occur: (a) the death or disability of the Director; (b) the termination of the Director from his membership on the Board by the mutual agreement of the Company and the Director; (c) the removal of the Director from the Board by the majority stockholders of the Company; and (d) the resignation by the Director from the Board.

Appears in 1 contract

Samples: Independent Director Agreement (FISION Corp)

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