Board Observer definition
Examples of Board Observer in a sentence
This Agreement, together with the Board Observer Agreement, constitutes the entire understanding of the Parties with respect to the subject matter hereof.
The Board Observer shall be notified of meetings of the Board and its committees, including such meeting’s time, place and agenda, in the same manner and at the same time as members of the Board or such committee, as applicable.
The Board Observer acknowledges that the Confidential Information may constitute material non-public information under applicable U.S. federal and state securities laws and regulations and that such laws and regulations may restrict the ability to engage in transactions in securities while in possession of such information.
In addition, the rights and obligations of the Board Observer shall automatically terminate upon the death or permanent disability of such individual or upon the resignation or other cessation of service of such individual upon written notice to the Company.
Subject to this Section 1(b), the Board Observer shall be entitled to receive copies of materials distributed to the full Board or any committee in connection with any meeting thereof or as are otherwise distributed to the full Board or such committee (collectively, the “Board Materials”), in each case in the same manner and at the same time as such Board Materials are provided to members of the Board or such committee, as applicable.