Service on the Board. So long as Employee is willing to serve on the Board and has not been terminated for cause, the Board shall nominate Employee for election to the Board. Failure to elect to, or removal from, the Board of Directors shall not constitute resignation from or termination of employment as Chief Executive Officer. Failure to elect to, or removal from, the position of Chief Executive Officer or termination of this Agreement for any reason shall not constitute resignation from the Board of Directors or termination of Employee’s service on the Board.
Service on the Board. Indemnitee hereby agrees to continue to serve as a member of the Board of Directors. Indemnitee may, however, resign from such position at any time and for any reason or no reason. The Company’s obligation to indemnify Indemnitee as set forth in this Agreement shall continue in full force and effect notwithstanding any such termination of appointment or resignation.
Service on the Board. You shall serve as a member of the Board upon Start Date. During the Employment Term, the Board shall nominate you for reelection to the Board at the expiration of each term of office, and you agree to serve as a member of the Board for each period for which you are so elected.
Service on the Board. During the Term, the Company agrees to use its best efforts to cause the Executive to be elected to the Board and to nominate the Executive as a member of the management slate at each annual meeting of stockholders during the Term at which the Executive’s election class comes up for election. The Executive agrees to serve on the Board if elected.
Service on the Board. You shall be appointed to the Board, and you agree to continue to serve as a director of the Company, if requested by the Board, for so long as you remain employed in the position of CEO of the Company, subject to election by the stockholders of the Company and in accordance with the Bylaws of the Company. If you cease to serve as CEO of the Company for any reason, then you agree that your will resign from your position as a member of the Board, if and as determined by the Board.
Service on the Board. Executive shall be appointed to the Board and Executive agrees to continue to serve as a director of the Company, if requested by the Board, for so long as he remains recruited in the position of President and CEO of the Company, subject to election by the stockholders of the Company and in accordance with the Bylaws of the Company. If Executive ceases to serve as President and CEO of the Company for any reason, then Executive will resign from his position as a member of the Board, if and as determined by the Board.
Service on the Board. Effective upon the execution and delivery of (i) this Agreement by the Executive and the Company and (ii) an amendment to be dated on or about the date that this Agreement is executed and delivered to the Stockholders’ Agreement dated as of May 12, 2006 among the Company, Alfa CTC Holdings Limited (“Alfa”) and MTG Russia AB (“MTG”) by each of the parties to such amendment, the Executive shall be appointed to the Board. The Executive hereby irrevocably resigns from the Board on the earliest to occur of (i) the termination of his employment in accordance with Section 7 hereof, (ii) ninety (90) days following receipt by the Executive of written notice from either the Company, MTG or Alfa stating that either or both of MTG or Alfa no longer support his remaining a member of the Board and (iii) the Executive’s failure to receive, at any meeting of the shareholders of the Company at which a proposal for the re-election of the Executive as a member of the Board is being voted upon, a simple majority of the votes cast in person or by proxy at such meeting.
Service on the Board. In addition to providing the Consulting Services, the Consultant shall continue serving as a member of the Board and, if requested by the Company, the Chairman of the Board.
Service on the Board. During the Term, the Company will use all reasonable efforts to cause Executive to be nominated for re-election to the Board each time Executive’s term as a director expires, and Executive will serve as Chairman of the Board (subject to Executive’s continued service as a member of the Board). Executive agrees to serve on the Board, as well as a member of any Board committee to which Executive may be appointed.
