Common use of Service on Board of Directors Clause in Contracts

Service on Board of Directors. Employee shall, subject to earlier removal by the shareholders, serve on the Board of Directors of Employer and Sonus Communication Holdings, Inc. until the third anniversary of this Agreement, without additional compensation except for reimbursement of reasonable expenses associated with such service. Removal from the Board of Directors by shareholders prior to the third anniversary of this agreement shall not give rise to any claim or other liability of or against Employer under this Agreement.

Appears in 2 contracts

Samples: Employment and Non Compete Agreement (Sonus Communication Holdings Inc), Employment and Non Compete Agreement (Sonus Communication Holdings Inc)

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Service on Board of Directors. Employee shall, subject to earlier removal by the shareholders, serve on the Board of Directors of Employer and Sonus Communication Holdings, Inc. until the third anniversary of this Agreement, without additional compensation except for reimbursement of reasonable expenses associated with such service. Removal from the Board of Directors by shareholders prior to the third anniversary of this agreement shall not give rise to any claim or other liability of or against Employer under this AgreementAgreement provided, however, that salary and benefits shall continue for the full term.

Appears in 2 contracts

Samples: Employment and Non Compete Agreement (Sonus Communication Holdings Inc), Employment and Non Compete Agreement (Sonus Communication Holdings Inc)

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