Consulting Director definition
Examples of Consulting Director in a sentence
If the Consulting Director should die while any amounts would still be payable to him or her hereunder as if he or she had continued to live, all such amounts, unless other provided herein, shall be paid in accordance with the terms of this Agreement to his or her designee or, if there be no such designee, to his or her estate.
The Consulting Director may not assign his or her rights or delegate his or her duties or obligations hereunder without the written consent of the Company.
The duties of the Consulting Director shall be those duties that can reasonably be expected to be performed by a person in a consultative capacity.
No provisions of this Agreement may be modified, waived or discharged unless such waiver, modification or discharge is agreed to in writing signed by the Consulting Director and an authorized officer of the Company.
The Consulting Director agrees to devote his or her best efforts to the business of the Company, and shall perform his or her duties in a diligent, trustworthy, and business-like manner, all for the purpose of advancing the business of the Company.
Upon the terms and subject to the conditions contained in this Agreement, the Consulting Director agrees to provide consultative services for the Company during the term of this Agreement.
If the Consulting Director shall voluntarily terminate his or her services for other than Good Reason or if the Company shall discharge the Consulting Director for Cause, this Agreement shall terminate immediately and the Company shall have no further obligation to make any payment under this Agreement which has not already become payable, but has not yet been paid.
Provided, however, that with respect to any plans or programs in which the Consulting Director is participating at the time of his or her termination, the Consulting Director's rights and benefits under each such plan shall be determined in accordance with the terms, conditions, and limitations of the plan and any separate agreement executed by the Consulting Director which may then be in effect.
If the Consulting Director dies prior to the termination of this Agreement, the Company shall pay the Consulting Director's named beneficiary (or the Consulting Director's estate if no beneficiary is named) a death benefit of $30,000 less any payments the Consulting Director has already received under the terms of this Agreement.
Subject to the terms and conditions hereof, the Company agrees to retain the Consulting Director for a term of three (3) years commencing as of the date Consulting Director's retirement from the Board of Directors of the Company ("Effective Date").