Common use of Board Membership Clause in Contracts

Board Membership. Executive shall serve as a member of the Board, during Executive’s employment hereunder, subject to any required approval. Executive’s service as a Board member shall be without further compensation. Executive shall resign from the Board effective immediately upon the termination of Executive’s employment with Company for any reason.

Appears in 3 contracts

Samples: Executive Employment Agreement (Pulmatrix, Inc.), Solicitation Agreement (Akari Therapeutics PLC), Executive Employment Agreement (Ruthigen, Inc.)

AutoNDA by SimpleDocs

Board Membership. During the Employment Term, Executive shall will serve as a member of the Board, during Executive’s employment hereunder, subject to any required Board and/or stockholder approval. Executive’s service as a Board member shall be without further compensation. If so requested by the Board, Executive shall resign agrees to submit his resignation from the Board effective immediately upon at such time as he is no longer serving as the termination of ExecutiveCompany’s employment with Company for any reasonChief Executive Officer.

Appears in 2 contracts

Samples: Employment Agreement (Hemosense Inc), Employment Agreement (Hemosense Inc)

Board Membership. Unless otherwise determined by the Board, upon Executive’s termination of employment, Executive shall serve be deemed to have resigned as a member of the Board, during Board effective as of the date of Executive’s employment hereundertermination, subject to without any required approval. Executive’s service as a Board member shall be without further compensationaction by Executive or any other party. Executive shall resign cooperate with any reasonable documentation requested by Company to effectuate or report such resignation from the Board effective immediately upon the termination of Executive’s employment with Company for any reasonBoard.

Appears in 2 contracts

Samples: Employment Agreement (Superior Industries International Inc), Employment Agreement (Superior Industries International Inc)

Board Membership. Executive shall serve as a member of the Board, Board during Executive’s employment hereunder, subject to any required approval. Executive’s service as a Board member shall be without further compensation. Executive shall resign from the Board effective immediately upon the termination of Executive’s employment with Company for any reason.

Appears in 1 contract

Samples: Executive Employment Agreement (Interleukin Genetics Inc)

Board Membership. During the Employment Term, Executive shall will serve as a member of the Board, during Executive’s employment hereunder, subject to any required Board and/or stockholder approval. At such future time that Executive’s service as a Board member employment with the Company terminates for any reason, Executive agrees that he shall be without further compensation. Executive shall immediately resign from the Board of Directors, effective immediately upon the such termination of Executive’s employment with Company for any reasonemployment.

Appears in 1 contract

Samples: Executive Employment Agreement (Somera Communications Inc)

Board Membership. Executive shall will serve as a member of on the Board, during Executive’s employment hereunder, subject to Board without any required approval. Executive’s service as a Board member shall be without further additional compensation. Executive shall may resign or may otherwise be removed from the Board effective immediately upon in accordance with the termination Bylaws of Executive’s employment with Company for any reasonthe Company.

Appears in 1 contract

Samples: Executive Employment Agreement (Vitro Biopharma, Inc.)

Board Membership. Unless otherwise determined by the Board, upon Executive's termination of employment, Executive shall serve be deemed to have resigned as a member of the BoardBoard effective as of the date of Executive's termination, during Executive’s employment hereunder, subject to without any required approval. Executive’s service as a Board member shall be without further compensationaction by Executive or any other party. Executive shall resign cooperate with any reasonable documentation requested by Company to effectuate or report such resignation from the Board effective immediately upon the termination of Executive’s employment with Company for any reasonBoard.

Appears in 1 contract

Samples: Employment Agreement (Superior Industries International Inc)

Board Membership. Executive shall serve as a member of the Board, Board during Executive’s employment hereunder, subject to any required approval. Executive’s service as a Board member shall be without further compensation. Executive shall resign from the Board effective immediately upon the termination of Executive’s employment with Company for any reason.

Appears in 1 contract

Samples: Executive Employment Agreement (Synta Pharmaceuticals Corp)

Board Membership. During the Employment Term, Executive shall will serve as a member and Chairman of the Board, during Executive’s employment hereunder, subject to any required Board and/or stockholder approval. Executive’s service as a Board member shall be without further compensation. Upon termination of the Employment Term, Executive shall will resign from the Board effective immediately upon the termination of Executive’s employment with Company for any reasonBoard.

Appears in 1 contract

Samples: Employment Agreement (Pacific Biosciences of California Inc)

Board Membership. During the Employment Term, Executive shall will serve as a member of the Board, during Executive’s employment hereunder, subject to any required Board and/or stockholder approval. Executive’s service as a Board member shall be without further compensation. Upon termination of the Employment Term, Executive shall offer to resign from the Board, which may be accepted by the Board effective immediately upon the termination of Executive’s employment with Company for any reasonin its sole discretion.

Appears in 1 contract

Samples: Haiping Jin Employment Agreement (TNAV Holdings, Inc.)

Board Membership. During the Employment Term, Executive shall will serve as a member of the Board, during Executive’s employment hereunder, subject to any required Board and/or stockholder approval. Executive’s service as a Board member shall be without further compensation. Upon termination of the Employment Term, Executive shall resign from the Board effective immediately upon the termination of Executive’s employment with Company for any reasonBoard.

Appears in 1 contract

Samples: Employment Agreement (SourceForge, Inc)

AutoNDA by SimpleDocs

Board Membership. During the Employment Term, Executive shall will serve as a member and Executive Chairman of the Board, during Executive’s employment hereunder, subject to any required Board and/or stockholder approval. Executive’s service as a Board member shall be without further compensation. Upon termination of the Employment Term, Executive shall will resign from the Board effective immediately upon the termination of Executive’s employment with Company for any reasonBoard.

Appears in 1 contract

Samples: Employment Agreement (Pacific Biosciences of California Inc)

Board Membership. Executive shall currently serve as a member of the Board, Board and shall continue to so during Executive’s employment hereunder, subject to any required approval. Executive’s service as a Board member shall be without further compensationcompensation upon the listing of the Company’s common stock on national exchange. Executive shall resign from receive standard compensation (as other non-executive board members the Company) for serving on the Board effective immediately upon the termination of Executive’s employment with Company for any reason.

Appears in 1 contract

Samples: Executive Employment Agreement (Orgenesis Inc.)

Board Membership. During the Employment Term, Executive shall will serve as a member of the Board, during Executive’s employment hereunder, subject to any required stockholder approval. Executive’s service as a Board member shall be without further compensation. Executive shall resign from the Board effective immediately upon the Upon termination of Executive’s employment with Company for any reason, Executive will be deemed to have resigned from the Board voluntarily, unless the Board requests otherwise in writing.

Appears in 1 contract

Samples: Executive Employment Agreement (Homeaway Inc)

Board Membership. During the Employment Term, Executive shall will serve as a member of the Board, during Executive’s employment hereunder, subject to any required Board or shareholder approval. In the event Executive’s service employment hereunder terminates for any reason, Executive agrees that [he/she] will immediately resign as a member of the Board member shall be without further compensation. Executive shall resign upon a request from the Board effective immediately upon the termination of Executive’s employment with Company for any reasonthat [he/she] do so.

Appears in 1 contract

Samples: Separation Agreement and Release (Loyalty Alliance Enterprise Corp)

Board Membership. Upon commencement of employment as an Executive, and while Executive shall serve remains an employee in good standing, the Company will recommend that Executive be elected as a member of the Board, during Executive’s employment hereunder, subject to any required approval. Executive’s service as a Board member shall be without further compensationof Directors with no additional compensation therefore. Executive shall will resign from the Board effective immediately upon the termination of Executive’s employment with Company for any reasonemployment.

Appears in 1 contract

Samples: Employment Agreement (Forescout Technologies, Inc)

Board Membership. The Executive shall serve as a member of the Board, Board during Executive’s employment hereunderunder this Agreement, subject to any required approvalapproval of the Company’s shareholders. Executive’s service as a Board member shall be without further compensation. The Executive shall resign from the Board effective immediately upon the termination of the Executive’s employment with the Company for any reason.

Appears in 1 contract

Samples: Employment Agreement (Dicerna Pharmaceuticals Inc)

Board Membership. Executive shall serve as a member of Unless otherwise determined by the Board, during Executive’s employment hereunder, subject to any required approval. Executive’s service as a Board member shall be without further compensation. Executive shall resign from the Board effective immediately upon the termination of Executive’s employment with Company for any reason, Executive shall be deemed to have resigned as a member of the Board effective as of the date of Executive’s termination, without any further action by Executive or any other party. Executive shall cooperate with any reasonable documentation requested by the Company to effectuate or report such resignation from the Board.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Superior Industries International Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.