Appointment as a Director. The Board of Directors of Employer (the "Board") has resolved to appoint Employee as a Class I Director and as Vice Chairman of the Board. In this capacity, Employee will serve at the pleasure of the Board and pursuant to Employer's bylaws.
Appointment as a Director. Commencing on the Effective Date of this Agreement, and continuing during the term of this Agreement, Consultant shall serve as a member of the Board of Directors of the Company, which shall be evidenced or confirmed by a vote of the current shareholders of the Company, but subject however to the right of a majority of the shareholders of the Company any time after the date of this Agreement to elect all directors pursuant to the Company’s Bylaws.
Appointment as a Director. On the Closing Date, Xxxxxxxxx Xxxxx shall be appointed as a Director of InternetStudios. Bigle shall be responsible for the exploitation of the Bigle's library and he agrees to devote sufficient time and attention to ensure that the Bigle's materials are exploited to the fullest extent and that revenues associated with these operations are maximized.
Appointment as a Director. 5.1 The Executive will be appointed as a director of the Company subject to the remaining provisions of this agreement and the Company's articles of association.
5.2 The Executive will not be entitled to any director's or other fees from the Company or any Group Company or to any fees in respect of any office the Executive may hold as nominee or representative.
5.3 The Executive's appointment as a director of the Company or any Group Company, at any time, is a term of the Executive's employment. If the Executive ceases for any reason (except as provided in Clause 22.1(a)) to be a director, the Executive's employment under this agreement will continue in such other position as the Company may reasonably require and all provisions of this agreement not relating to the Executive's directorship will continue to apply. The Executive agrees that in such circumstances any such termination of office will not be in repudiation of this agreement and the Executive will have no claims in respect of such cessation of office.
5.4 The Executive will at all times:
(a) comply with the articles of association of the Company and any Group Company of which the Executive is a director;
(b) abide by all statutory, fiduciary and common-law duties to any Company and Group Company of which the Executive is a director;
(c) comply with all rules regarding conduct as an officer and executive under the Companies Axx 0000; and
(d) not do anything that would cause the Executive to be disqualified from acting as a director.
5.5 The Executive must disclose to the Company, on reasonable request, any information which the Company requires in order to enable it to fulfil its obligations under any Regulatory Requirements and the Executive shall endeavour to ensure that this information is kept up to date at all times.
5.6 Except with the prior approval of the Board, the Executive shall not resign as a director of the Company or any Group Company.
Appointment as a Director. The Company shall cause Executive to be appointed as a member of the Board following the Company’s 2016 Annual Stockholders’ Meeting. Thereafter, for so long as Executive serves as the as the Company’s Chief Executive Officer, subject to the requirements of applicable law (including, without limitation, any rules or regulations of any exchange on which the common stock of the Company is listed, if applicable), the Board or the appropriate committee of the Board will nominate Executive for re-election to the Board at each annual meeting at which Executive is subject to re-election. Executive shall not receive any additional compensation therefore. In the event of the termination of Executive’s employment for any reason (whether at Executive’s request or the Company’s request), or Executive’s removal from the position of President and Chief Executive Officer, Executive agrees to promptly resign as a member of the Board, effective no later than such termination or removal date.
Appointment as a Director. The appointment of the Employee as a director of the Company or any Group Company does not amount to a term of employment and the Company reserves the right to remove any such directorship at any time for any reason. Where the Company exercises this right, this shall not amount to a breach of this agreement and shall not give rise to a claim for damages or compensation.
Appointment as a Director. The EMPLOYERS agree that the EMPLOYEE shall be appointed as a director of each of HOLDING COMPANY and BANK at the time of the EMPLOYEE’s employment.
Appointment as a Director. The Board of Directors of Employer (the "Board") has resolved to appoint Employee as a Class III Director. In this capacity, Employee will serve at the pleasure of the Board and pursuant to Employer's bylaws.
Appointment as a Director. (a) Kolomoisky acknowledges that the Board of Directors of CME Ltd. has appointed Mr. Kolomoisky to the Board of Directors and such appointment shall be effective on the Closing Date.
(b) Kolomoisky acknowledges that in the event he does not qualify as an independent director under the NASDAQ Marketplace Rules, such appointment may be deferred until such time as CME Ltd. is in compliance with the NASDAQ Marketplace Rules. In the event an additional independent director is required at the time Kolomoisky is to be appointed to the Board of Directors, CME Ltd. agrees that it shall use commercially reasonable efforts to identify and appoint a suitably qualified independent director.
Appointment as a Director. On the Closing Date, Xxxxxxxxx Xxxxx shall be appointed as a Director of InternetStudios. Bigle shall be responsible for the exploitation of all the Assets acquired by InternetStudios. Both parties will negotiate a separate Executive contract in good faith which will include salary, bonuses and participations. "
