Termination from the Board definition

Termination from the Board of an Eligible Director shall mean the effective date of the Eligible Director’s resignation or retirement from the Board, death while serving as a Board member or failure to be re-elected to the Board.
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Termination from the Board means the cessation of an Eligible Director’s services, whether voluntary or involuntary, for any reason including retirement, disability or death, where the Company and the Eligible Director reasonably anticipate that no further services of any kind would be performed following such termination, or that the level of bona fide services the Eligible Director would perform after such termination (whether as a director or as an independent contractor) would permanently decrease to no more than 20% of the average level of bona fide services performed (whether as a director or as an independent contractor) over the immediately preceding 36-month period (or, if shorter, the full period of services to the Company).”
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Examples of Termination from the Board in a sentence

  • Executive shall not be deemed to have been terminated for Cause unless and until there shall have been delivered to him a copy of a Notice of Termination from the Board, after reasonable notice to Executive and an opportunity for Executive, together with his counsel, to be heard before the Board, finding that, in the good faith opinion of the Board, Executive was guilty of conduct set forth above in clauses (i) or (ii) in Section 5(a) and specifying the particulars thereof in detail.

  • Termination of Executive pursuant to this Section 6.2 shall be made by delivery to Executive of written notice, given at least 30 days prior to such Termination, from the Board specifying the particulars of the conduct by Executive set forth in any of clauses (i) through (iv) above.

  • The Executive shall not be deemed to have been terminated for Cause unless and until there shall have been delivered to him a copy of a Notice of Termination from the Board, after reasonable notice to the Executive and an opportunity for the Executive, together with his counsel, to be heard before the Board, finding that, in the good faith opinion of the Board, the Executive was guilty of conduct set forth above in the definition of “Cause” and specifying the particulars thereof in detail.

  • The Board shall give notice to the Executive as soon as possible after such review as to whether the Agreement is to be extended; however, if Executive has not received a Notice of Termination from the Board, pursuant to Section 8 hereof, at least thirty (30) days prior to the end of the annual anniversary date of the Agreement, this Agreement is deemed to be extended for an additional twelve (12) months.

  • Notwithstanding the foregoing, Prinzing shall not be deemed to have been terminated for Cause u▇▇▇▇▇ ▇▇d until there shall have been delivered to Prinzing a copy of a Notice of Termination from the Board, afte▇ ▇▇▇▇▇▇able notice to Prinzing and an opportunity for him and his counsel to be heard ▇▇▇▇▇▇ the Board, finding that in the good faith opinion of the Board he has engaged in conduct warranting termination for cause under clauses (a) and (b) above.

  • Notwithstanding the foregoing, Mosher shall not be deemed to have been terminated for Cause unl▇▇▇ ▇▇d until there shall have been delivered to Mosher a copy of a Notice of Termination from the Board, afte▇ ▇▇▇▇onable notice to Mosher and an opportunity for him and his counsel to be heard ▇▇▇▇▇▇ the Board, finding that in the good faith opinion of the Board he has engaged in conduct warranting termination for cause under clauses (a) and (b) above.

  • Notwithstanding the foregoing, Campbell shall not be deemed to have been terminated for Cause u▇▇▇▇▇ ▇▇d until there shall have been delivered to Campbell a copy of a Notice of Termination from the Board, afte▇ ▇▇▇▇▇▇able notice to Campbell and an opportunity for him and his counsel to be heard ▇▇▇▇▇▇ the Board, finding that in the good faith opinion of the Board he has engaged in conduct warranting termination for cause under clauses (a) and (b) above.

  • Notwithstanding the foregoing, Prinzing shall not b▇ ▇▇▇▇▇▇ to have been terminated for Cause unless and until there shall have been delivered to Prinzing a copy of a ▇▇▇▇▇▇ of Termination from the Board, after reasonable notice to Prinzing and an oppo▇▇▇▇▇▇▇ for him and his counsel to be heard before the Board, finding that in the good faith opinion of the Board he has engaged in conduct warranting termination for cause under clauses (a) and (b) above.

  • Termination of Executive's employment pursuant to this Section 6.2 shall be made by delivery to Executive of written notice, given at least 30 days prior to such Termination, from the Board specifying the particulars of the conduct by Executive set forth in any of clauses (i) through (v) above.

  • Upon termination of Executive’s employment for any reason, Executive agrees to resign, effective as of the Date of Termination, from the Board, unless the Board requests otherwise and Executive agrees.