Board Positions. You shall remain Vice Chairman and Board Member of NTS, Inc. through the June 2006 Shareholders meeting, at which time you voluntarily shall resign from the Board. Although you will not be a Board member after June 2006, you agree, if requested by the Chairman or CEO, to attend Board meetings and/or senior level meetings to provide advice and guidance on certain matters. Further, you agree that for the Term you shall, if requested, continue to serve as a director on the Board of any subsidiaries of National Technical Systems, Inc. as requested by the CEO.
Board Positions. From the ANR Board, the LFI Board and the SPI Board;
Board Positions. Shropshire will resign as chairman of the boards of both Bank and Company immediately upon execution of this Agreement. Shropshire will remain as a director of Bank and Company until close of business on August 31, 2003, at which time Shropshire will resign both directorships, unless requested to do so earlier by the executive committee of Bank or Company.
Board Positions. (a) Subject to approval by the CI Board of Directors, Executive will be offered a presently vacant seat on the CI Board of Directors for which he will not receive separate consideration; provided that if Executive is not offered a seat on the CI Board of Directions, this Agreement is void ab initio. Executive agrees to promptly resign his seat on the CI Board of Directors upon termination of his duties under this Agreement.
Board Positions. So long as any Preferred Shares are outstanding, if the Registration Statement (as defined in the Registration Rights Agreement) is not declared effective within 180 days of the Closing Date, CIC shall use its best efforts to nominate and cause the election of a person designated by the holders of a majority of the Preferred Stock then outstanding to serve on the Board of Directors of CIC until the Restrictive Covenant Termination Date. CIC represents, warrants and covenants that it has the authority and ability to, and shall, increase the size of the Board of Directors of CIC if necessary to comply with the provisions of this paragraph.
Board Positions. 4.1 Xxxxxx agrees to continue to serve as Chairman of the Board of Directors of Synovus and as Chairman of the Board of Directors of Columbus Bank and Trust Company (“CB&T”). Synovus and Xxxxxx agree to review Xxxxxx’x Board of Director positions and memberships on a periodic basis during the term of this Agreement.
Board Positions. Any replacement to Xxxxx X. X’Xxxxxxx, Jnr or Xxxxxxxx X. Xxxxx to the board of HPPI must be appointed with the unanimous approval of all remaining board members.
Board Positions. Executive may maintain her position as a member of the board of directors or other committees of the following entities: The Federal Reserve Board of the 12/th/ District, Seattle Branch; Gargoyles, Inc.; The University of Washington; and BrooksSports, Inc. Executive agrees not to join any additional boards of directors without the prior written consent of the Company.
Board Positions. As soon as the Company receives the Minimum Bridge Subscriptions, and thereafter until the end of the first fiscal year that begins after the close of the first Public Offering, the Company shall elect, or cause the election of, two representatives selected by APS Financial to the Company's Board of Directors. Such directors shall be entitled to reimbursement of all reasonable travel and lodging expenses incurred in attending meetings. Polar Molecular Corporation January 16, 2001 Page 13 Notwithstanding the foregoing, if in connection with the Secondary Placement, or any subsequent equity financing by the Company, any investor investing $1,000,000 or more in such financing desires or demands to be, or have a representative on, the Company's Board of Directors, then APS Financial will relinquish one of its Board seats in order to allow the Company to accommodate such request. The initial APS Financial representatives shall be Xxxx Xxxxxxx and Xxxxxx Xxxxxxx. Thereafter, during the period APS Financial is entitled to designate any directors pursuant to this Section, it shall be entitled to present any persons it desires to name as replacement Board representatives to the Company and such persons shall be considered in good faith by the Company for approval subject to commercially reasonable standards for Board membership; provided the Company's approval shall not be unreasonably withheld. Furthermore, in the event an APS Financial Board representative can not attend a Board meeting, then APS Financial shall be entitled to have substitute representatives attend or otherwise participate in meetings whenever the current designated director(s) are unable to do so for a maximum of two successive Board meetings or two months (whichever is the greater time span).
Board Positions. 4.1 Xxxxxx agrees to continue to serve as Chairman of the Board of Directors of TSYS and serve on the Board of Trustees of the Synovus Foundation. It is also the intent of this Agreement that Xxxxxx continue to serve on the Board of Directors of TSYS until attaining retirement age as defined in the by-laws of TSYS. TSYS and Xxxxxx agree to review Xxxxxx’x Board of Director positions and memberships on a periodic basis during the term of this Agreement.
