Management Board Member definition
Examples of Management Board Member in a sentence
If the wife is already deceased at that time, the entitlement passes to the dependent children of the Management Board Member.
The Management Board Member agrees to provide prior written notice to the Company of any secondary activity that does or may require approval.
The Supervisory Board reserves the right to issue further options to the Management Board Member during the term of the Service Agreement as additional performance-based compensation.
The other obligations of the Company toward the Management Board Member arising from this Agreement remain unaffected by such a Change of Control.
The Management Board Member is obligated to undergo any required medical examination.
The Management Board Member can be insured by the Company for the benefit of the Company under a term life policy.
If the Management Board Member resigns over the course of the calendar year, he is entitled to a pro rata share.
The annual payment of a bonus is further provided as compensation for the Management Board Member.
If the Management Board Member dies during the term of this Service Agreement, the fixed salary pursuant to § 3, Paragraph 1 shall continue to be paid to his wife or other dependents for the six months following the month of death.
In each case of termination, the Company may, at its own discretion, and independently of the effectiveness of the termination and with reservation of its other rights, release the Management Board Member from his activity for the Company or entrust him with other responsibilities that may be regarded as appropriate with respect to the professional qualifications of the Management Board Member.