Examples of NMG Board in a sentence
If at the conclusion of or following such a meeting, the NMG Board decides to proceed with the termination of the Executive’s employment for Cause, such a termination will be effected by providing the Executive with a Notice of Termination under Paragraph 6(h).
No Person, other than pursuant to a resolution duly adopted by the members of the NMG Board, shall have authority on behalf of NMG to agree to modify or amend any provision of this Agreement, or waive any provision of this Agreement enforceable by it.
The actual amount of any annual incentive bonus paid to the Executive will be determined according to the terms of the annual incentive bonus program(s), including any such terms that place the amount of any annual incentive bonus within the discretion of the NMG Board.
Notwithstanding anything herein to the contrary, the Executive agrees that any action that may be taken by the NMG Board may be taken by the Parent Board and be deemed to action by the NMG Board.
The Executive will participate in NMG’s annual incentive bonus program(s) applicable to the Executive’s position, in accordance with the terms of such program(s), and shall have the opportunity to earn an annual bonus thereunder based on the achievement of performance objectives determined by the NMG Board after consultation with the Executive.
The Base Salary will be reviewed annually and is subject to increase at the discretion of the NMG Board.
In such capacities, the Executive shall report to and be accountable to the President and Chief Executive Officer of NMG and Parent (the “CEO”), subject to the ultimate control and direction of the CEO and the NMG Board.
In the event of termination of the Executive’s employment (for any reason other than the death of the Executive), the Executive agrees that if at such time he is a member of the NMG Board or is an officer of NMG or a director or officer of any of its Affiliates, he shall be deemed to have resigned from such position(s) effective on the Employment Termination Date unless the parties otherwise agree.
The Executive will be given the opportunity within 30 calendar days of his receipt of such notice to meet with the NMG Board to defend himself with regard to the alleged act or acts or failure(s) to act.
In the event of termination of the Executive’s employment (for any reason other than the death of the Executive), the Executive agrees that if at such time she is a member of the NMG Board or is an officer of NMG or a director or officer of any of its Affiliates, she shall be deemed to have resigned from such position(s) effective on the Employment Termination Date unless the parties otherwise agree.