Common use of Title and Position Clause in Contracts

Title and Position. During the Employment Period, the Executive shall be employed as an executive officer of the Company with the title of Executive Vice President or in such other executive position as the Board of Directors of the Company (the "BOARD") may from time to time determine with the consent of the Executive. In addition, for so long as the Executive is an employee of the Company and is elected by the Company's stockholders, the Executive hereby agrees to serve as a member of the Board. The Executive understands that his position as a member of the Board is subject to the nomination by the Company; PROVIDED that the Executive shall be a member of the Board with a two (2) year term prior to the time the Company consummates any public offering of securities and the Company agrees to use permissible commercially reasonable efforts (subject to the exercise of its fiduciary duties) to cause the nomination and election of the Executive to the Board following any such public offering, subject to the terms and conditions of this Agreement. In the performance of his duties as an officer, the Executive shall be subject to the direction of the Board and the President, and shall not be required to take direction from or report to any other person. Employee's duties and authority shall be commensurate with his title and position with the Company.

Appears in 2 contracts

Samples: Employment Agreement (Golf Trust of America Inc), Employment Agreement (Golf Trust of America Inc)

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Title and Position. During the Employment Period, the Executive shall be employed as an executive officer of the Company with the title of President and Chief Executive Vice President Officer or in such other executive position as the Board of Directors of the Company (the "BOARD") may from time to time determine with the consent of the Executive. In addition, for so long as the Executive is an employee of the Company and is elected by the Company's stockholders, the Executive hereby agrees to serve as a member of the Board. The Executive understands that his position as a member of the Board is subject to the nomination by the Company; PROVIDED that the Executive shall be a member of the Board with a two three (23) year term prior to the time the Company consummates any public offering of securities and the Company agrees to use permissible commercially reasonable efforts (subject to the exercise of its fiduciary duties) to cause the nomination and election of the Executive to the Board following any such public offering, subject to the terms and conditions of this Agreement. In the performance of his duties as an officer, the Executive shall be subject to the direction of the Board and the PresidentBoard, and shall not be required to take direction from or report to any other person. Employee's duties and authority shall be commensurate with his title and position with the Company.

Appears in 1 contract

Samples: Employment Agreement (Golf Trust of America Inc)

Title and Position. During the Employment Period, the Executive shall be employed as an executive officer of the Company with the title of Executive Vice President or in such other executive position as the Board of Directors of the Company (the "BOARD") may from time to time determine with the consent of the Executive. In addition, for so long as the Executive is an employee of the Company and is elected by the Company's stockholders, the Executive hereby agrees to serve as a member of the Board. The Executive understands that his position as a member of the Board is subject to the nomination by the Company; PROVIDED that the Executive shall be a member of the Board with a two three (23) year term prior to the time the Company consummates any public offering of securities and the Company agrees to use permissible commercially reasonable efforts (subject to the exercise of its fiduciary duties) to cause the nomination and election of the Executive to the Board following any such public offering, subject to the terms and conditions of this Agreement. In the performance of his duties as an officer, the Executive shall be subject to the direction of the Board and the PresidentBoard, and shall not be required to take direction from or report to any other person. Employee's duties and authority shall be commensurate with his title and position with the Company.

Appears in 1 contract

Samples: Employment Agreement (Golf Trust of America Inc)

Title and Position. During the Employment Period, the Executive shall be employed as an executive officer of the Company with the title of Executive Vice President or in such other executive position as the Board of Directors of the Company (the "BOARD") may from time to time determine with the consent of the Executive. In addition, for so long as the Executive is an employee of the Company and is elected by the Company's stockholdersshareholders, the Executive hereby agrees to serve as a member of the Board. The Executive understands that his position as a member of the Board is subject to the nomination by the Company; PROVIDED that the Executive shall be a member of the Board with a two (2) year term prior to the time the Company consummates any public offering of securities and the Company agrees to use permissible commercially reasonable efforts (subject to the exercise of its fiduciary duties) to cause the nomination and election of the Executive to the Board following any such public offering, subject to the terms and conditions of this Agreement. In the performance of his duties as an officer, the Executive shall be subject to the direction of the Board and the President, and shall not be required to take direction from or report to any other person. EmployeeExecutive's duties and authority shall be commensurate with his title and position with the Company.

Appears in 1 contract

Samples: Employment Agreement (Golf Trust of America Inc)

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Title and Position. During the Employment Period, the Executive shall be employed as an executive officer of the Company with the title of President and Chief Executive Vice President Officer or in such other executive position as the Board of Directors of the Company (the "BOARDBoard") may from time to time determine with the consent of the Executive. In addition, for so long as the Executive is an employee of the Company and is elected by the Company's stockholdersshareholders, the Executive hereby agrees to serve as a member of the Board. The Executive understands that his position as a member of the Board is subject to the nomination by the Company; PROVIDED provided that the Executive shall be a member of the Board with a two three (23) year term prior to the time the Company consummates any public offering of securities and the Company agrees to use permissible commercially reasonable efforts (subject to the exercise of its fiduciary duties) to cause the nomination and election of the Executive to the Board following any such public offering, subject to the terms and conditions of this Agreement. In the performance of his duties as an officer, the Executive shall be subject to the direction of the Board and the PresidentBoard, and shall not be required to take direction from or report to any other person. EmployeeExecutive's duties and authority shall be commensurate with his title and position with the Company.

Appears in 1 contract

Samples: Employment Agreement (Golf Trust of America Inc)

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