NMK definition
Examples of NMK in a sentence
NMK has agreed to serve as a trustee of such controlled affiliates of the Company as the Company may request, and represent the Company on committees of NAREIT and ICSC and such other trade association groups as the Company may deem appropriate.
The Company hereby offers and NMK hereby accepts employment with the Company on the terms and conditions contained herein.
For all services rendered by NMK pursuant to this Agreement, the Company shall pay NMK salary at the rate of $350,000 per annum for the period from the Effective Time until the third anniversary of the Effective Time, and at the rate of $175,000 per annum from such date until the fifth anniversary of the Effective Time.
Of these three arbitrators, one will be selected by the Company, one will be selected by NMK and the third will be selected by the two arbitrators so selected.
If NMK's term of employment has not been terminated pursuant to Paragraph 7 of this Agreement, the Company will, upon the expiration of NMK's term as a trustee, include NMK in its slate of nominees for reelection upon the expiration of each term as trustee so that he shall be a trustee for the remainder of NMK's term of employment.
It is also understood that NMK will serve as the Chairman of the Board although his compensation hereunder shall continue and shall not be reduced if his title is changed to such other title as may be agreed upon by the Company and NMK.
Failure of the Company to obtain and deliver to NMK such assumption and agreement prior to (but effective only upon) such succession shall be a breach of this Agreement, except that for purposes of implementing the foregoing, the date on which any such succession becomes effective shall be deemed the Date of Termination.
NMK shall fulfill his duties hereunder faithfully and responsibly and to further the best interests of the Company.
If NMK should die while any amount would still be payable to him hereunder if he had continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the NMK's devisee, legatee or other designee or, if there is no such designee, to the NMK's estate.
NMK agrees, if requested, to resign as a trustee effective at the termination of his term of employment, except if his term of employment is terminated by the Company without proper cause.