Service on the Board. So long as Employee is willing to serve on the Board and has not been terminated for cause, the Board shall nominate Employee for election to the Board. Failure to elect to, or removal from, the position of director or Chief Executive Officer or termination of this Agreement for any reason shall not constitute resignation from the Board or termination of Employee's service on the Board and termination of employment as Chief Executive Officer shall not include termination as a director.
Service on the Board. Indemnitee hereby agrees to continue to serve as a member of the Board of Directors. Indemnitee may, however, resign from such position at any time and for any reason or no reason. The Company’s obligation to indemnify Indemnitee as set forth in this Agreement shall continue in full force and effect notwithstanding any such termination of appointment or resignation.
Service on the Board. You shall serve as a member of the Board upon Start Date. During the Employment Term, the Board shall nominate you for reelection to the Board at the expiration of each term of office, and you agree to serve as a member of the Board for each period for which you are so elected.
Service on the Board. During the Term, the Company agrees to use its best efforts to cause the Executive to be elected to the Board and to nominate the Executive as a member of the management slate at each annual meeting of stockholders during the Term at which the Executive’s election class comes up for election. The Executive agrees to serve on the Board if elected.
Service on the Board. You shall be appointed to the Board, and you agree to continue to serve as a director of the Company, if requested by the Board, for so long as you remain employed in the position of CEO of the Company, subject to election by the stockholders of the Company and in accordance with the Bylaws of the Company. If you cease to serve as CEO of the Company for any reason, then you agree that your will resign from your position as a member of the Board, if and as determined by the Board.
Service on the Board. Executive shall be appointed to the Board and Executive agrees to continue to serve as a director of the Company, if requested by the Board, for so long as he remains recruited in the position of President and CEO of the Company, subject to election by the stockholders of the Company and in accordance with the Bylaws of the Company. If Executive ceases to serve as President and CEO of the Company for any reason, then Executive will resign from his position as a member of the Board, if and as determined by the Board.
Service on the Board. The Board shall take such action as may be necessary to appoint or elect the Executive as a member of the Board as of the Effective Date. Thereafter, during the Term (as defined in Section 2 hereof), the Board shall nominate the Executive for re-election as a member of the Board at the expiration of the then current term, provided that the foregoing shall not be required to the extent prohibited by legal or regulatory requirements.
Service on the Board. The Executive shall fill the vacancy created on the date hereof on the Board by the resignation of Xxxxx Xxxxxx (to be designated as a “Continuing Director” as that term is defined in that certain Securityholders Agreement dated January 20, 2004, between the Company and Lightyear PBI Holdings, LLC). Upon the appointment or election of the Executive to the Board, the Company shall execute and deliver to the Executive the standard form of indemnification agreement, if any, entered into by the Company for the benefit of its directors generally.
Service on the Board. For so long as Executive remains an employee of the Company, the Company shall take all necessary action to cause Executive to be nominated as a director of the Company at any meeting of shareholders for the election of directors.](3)
Service on the Board. Effective upon the execution and delivery of (i) this Agreement by the Executive and the Company and (ii) an amendment to be dated on or about the date that this Agreement is executed and delivered to the Stockholders’ Agreement dated as of May 12, 2006 among the Company, Alfa CTC Holdings Limited (“Alfa”) and MTG Russia AB (“MTG”) by each of the parties to such amendment, the Executive shall be appointed to the Board. The Executive hereby irrevocably resigns from the Board on the earliest to occur of (i) the termination of his employment in accordance with Section 7 hereof, (ii) ninety (90) days following receipt by the Executive of written notice from either the Company, MTG or Alfa stating that either or both of MTG or Alfa no longer support his remaining a member of the Board and (iii) the Executive’s failure to receive, at any meeting of the shareholders of the Company at which a proposal for the re-election of the Executive as a member of the Board is being voted upon, a simple majority of the votes cast in person or by proxy at such meeting.
