Common use of Positions Clause in Contracts

Positions. (a) Executive shall serve as President of the Company. It --------- is the intention of the parties that during the Employment Term, Executive shall also serve on the Board of Directors of the Company (the "Board") without additional compensation. During the term of this Agreement, the Company shall recommend the Executive for election as a director.

Appears in 3 contracts

Samples: Employment Agreement (Wilshire Financial Services Group Inc), Employment Agreement (Wilshire Financial Services Group Inc), Employment Agreement (Wilshire Financial Services Group Inc)

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Positions. (a) Executive shall serve as President Chief Executive Officer of --------- the Company. It --------- is the intention of the parties that during the Employment Term, Executive shall also serve on the Board of Directors of the Company (the "Board") as Chairman without additional compensation. During the term of this Agreement, the Company shall recommend the Executive for election as a director.

Appears in 3 contracts

Samples: Employment Agreement (Wilshire Financial Services Group Inc), Employment Agreement (Wilshire Financial Services Group Inc), Employment Agreement (Wilshire Financial Services Group Inc)

Positions. (a) Executive shall serve as President Chief Executive Officer of the Company. It --------- is the intention of the parties that during the Employment Term, Executive shall also serve on the Board of Directors of the Company (the "Board") as Chairman without additional compensation. During the term of this Agreement, the Company shall recommend the Executive for election as a directordirector and as Chairman.

Appears in 2 contracts

Samples: Employment Agreement (Fog Cutter Capital Group Inc), Employment Agreement (Fog Cutter Capital Group Inc)

Positions. (a) Executive shall serve as President of the Company. It --------- is the intention of the parties that during the Employment Term, Executive shall also serve on the Board of Directors of the Company (the "Board") without additional compensation. During the term of this Agreement, the Company shall recommend the Executive for election as a director.

Appears in 2 contracts

Samples: Employment Agreement (Fog Cutter Capital Group Inc), Employment Agreement (Fog Cutter Capital Group Inc)

Positions. The Executive shall be employed by the Company as the President and Chief Executive Officer of the Company, and shall report directly to the Company’s Board of Directors (a) the “Board”). The Executive also shall serve as President a member of the Company. It --------- is the intention of the parties that during the Employment TermBoard, Executive shall also serve on the Board of Directors of the Company (the "Board") upon election, without additional compensation. During the term of this Agreement, the Company shall recommend the Executive for election as a director.

Appears in 2 contracts

Samples: Amended Employment Agreement (Tengion Inc), Employment Agreement (Tengion Inc)

Positions. (a) Executive shall serve as President Chief Executive Officer of the Company. It --------- is the intention of the parties that during the Employment Term, Executive shall also serve on the Board of Directors of the Company (the "Board") as Chairman without additional compensation. During the term Employment Term of this Agreement, the Company shall recommend the Executive for election as a directordirector and as Chairman.

Appears in 2 contracts

Samples: Employment Agreement (Fog Cutter Capital Group Inc), Employment Agreement (Fog Cutter Capital Group Inc)

Positions. (a) Executive shall serve as President of the Company. It --------- is the intention of the parties that during During the Employment Term, Executive shall also serve on as the President and Chief Executive Officer of the Company. Effective as of the Commencement Date, Executive shall be elected or appointed as a Class III member of the Board of Directors of the Company (the "Board") ), in all cases, in accordance with the Company’s bylaws and applicable governing documents. If requested by the Board, Executive shall also serve as an executive officer or director of subsidiaries of the Company and a director of associated companies of the Company without additional compensation. During the term of this Agreement, the Company shall recommend the Executive for election as a director.

Appears in 1 contract

Samples: Employment Agreement (Commvault Systems Inc)

Positions. (a) Executive shall serve as President of the Company. It --------- is the intention of the parties that during During the Employment Term, Executive shall also serve on as Chairman and CEO of the Company. Executive shall report directly to the Board of Directors of the Company (the "Board") and shall have such duties and authority as shall be determined from time to time by the Board; provided that such duties shall be consistent with the positions and responsibilities assigned to him pursuant to this Section 2(a). During the Employment Term, Executive shall also serve on the Board without additional compensation. During the term of this Agreement, the Company shall recommend the Executive for election as a director.

Appears in 1 contract

Samples: Employment Agreement (Eye Care Centers of America Inc)

Positions. (a) Executive shall serve as President of the Company. It --------- is the intention of the parties that during the Employment Term, Executive shall also serve on the Board of Directors of the Company (the "Board") without additional compensation. During the term of this Agreement, the Company shall recommend the Executive for election as a director.

Appears in 1 contract

Samples: Employment Agreement (Wilshire Real Estate Investment Trust Inc)

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Positions. (a) During the Term, the Executive shall serve as the company's President and Chief Executive Officer, with such additions to the scope of the duties of his employment within the Company's field of operations or those of the Company. It --------- is the intention of the parties that during the Employment Term, Executive shall also serve on 's subsidiaries or affiliated corporations as the Board of Directors of the Company (the "Board") without additional compensation. During the term of this Agreement, the Company shall recommend and the Executive for election as a directormay agree.

Appears in 1 contract

Samples: Employment Agreement (Dataram Corp)

Positions. (a) Executive shall serve as the President and Chief Executive Officer of the Company. It --------- is the intention of the parties that during the Employment Term, Executive shall also serve on the Board of Directors without additional compensation and subject to any policy of the Company Compensation Committee of the Company’s Board (the "Board"“Compensation Committee”) without additional compensation. During the term of this Agreement, the Company shall recommend the Executive for election as a with regard to director’s fees.

Appears in 1 contract

Samples: Employment Agreement (Aphton Corp)

Positions. (a) Executive shall serve as President the Chief Financial Officer of the Company. It --------- is the intention of the parties that during the Employment Term, Executive shall also serve on serve, if requested by the Chief Executive Officer of the Company, as an executive officer and director of subsidiaries and a director of associated companies of the Company and shall comply with the policy of the Compensation Committee of the Company's Board of Directors of the Company (the "BoardCompensation Committee") without additional compensation. During the term with regard to retention or forfeiture of this Agreement, the Company shall recommend the Executive for election as a director's fees.

Appears in 1 contract

Samples: Employment Agreement (Priceline Com Inc)

Positions. (a) a. While employed hereunder, Executive shall serve as President of the Company. It --------- is the intention of the parties that during the Employment Term, Executive 's President and Chief Operating Officer and shall also be nominated to serve on the Board board of Directors directors of the Company (the "Board") without additional compensation). During Executive shall report to the term Chief Executive Officer of this Agreement, the Company (the "CEO") and shall recommend have the Executive customary powers, responsibilities and authority of a president and chief operating officer for election corporations of the size and character of the Company, as a directorit exists from time to time, and as are reasonably assigned by the CEO.

Appears in 1 contract

Samples: Employment Agreement (Western Multiplex Corp)

Positions. (a) Executive shall serve as President Chief Executive Officer of the Company. It --------- is the intention of the parties that during the Employment Term, Executive shall also serve on the Board of Directors of the Company (the "Board") as Chairman without additional compensation. During the term of this Agreement, the Company shall recommend the Executive for election as a director.

Appears in 1 contract

Samples: Employment Agreement (Wilshire Real Estate Investment Trust Inc)

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