Appointment of Xxxxxx to Executive Sample Clauses

Appointment of Xxxxxx to Executive. Officer Position in AMS Marketing --------------------------------------------------------------------- Plan. At Closing, the Chief Executive Officer or President of AMS shall appoint ---- Xxxxxx to the position of Executive Vice President in the AMS marketing plan and place Xxxxxx at the top of the Selling Group Downline Marketing Organization. Xxxxxx shall be an independent contractor and while holding the position as Executive Vice President shall be entitled to receive compensation on all of the activities of the Selling Group Downline Marketing Organization and shall be entitled to receive reimbursement of all reasonable travel expenses incurred by Xxxxxx in travel at the direction and request of AMS for purposes other than further building of the multi-level organization. Furthermore, for a period of six months following Closing, AMS hereby agrees to allow the Selling Group Downline Marketing Organization to operate under and pursuant to the SSII marketing plan, a copy of which shall be provided to AMS at Closing. In addition, during such six-month period, AMS hereby agrees to operate, and the Selling Group hereby agrees to permit the Selling Group Downline Marketing Organization to operate under the name of "Stay 'N Shape" and identify such sales organization as a division of AMS. It is hereby acknowledged by the Selling Group Shareholders, SSII, SPII, NWI, NII, and AMS that AMS intends to eliminate the representation of the Selling Group Downline Marketing Organization as a division of AMS as soon as practicable following Closing, but only with the consent of Xxxxxx if eliminated within six months following Closing.
Sample 1
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Related to Appointment of Xxxxxx to Executive

  • Appointment of FTIS The Investment Company hereby appoints FTIS as transfer agent for Shares of the Investment Company, as service agent in connection with dividend and distribution functions, and as shareholder servicing agent for the Investment Company, and FTIS accepts such appointment and agrees to perform the following duties.

  • Successor to Executive This Agreement shall inure to the benefit of and be enforceable by the Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If the Executive should die while any amount would still be payable to the Executive or his family hereunder if the Executive had continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the executors, personal representatives or administrators of the Executive’s estate.

  • Appointment of Director 18 Section 7.10

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  • Appointment, Term, and Termination a. Client hereby engages and retains Dalmore to provide operations and compliance services at Client’s discretion.

  • Term of Appointment 2.1 The Appointment shall commence on the Commencement Date and shall continue, subject to the remaining terms of this agreement, until terminated by either party giving the other not less than three months’ prior notice in writing.

  • Appointment and Term The Members will be entitled to appoint from time to time persons to serve as the managers (each, a "Manager") on the Board of Managers. Managers will serve until their respective successors are appointed by the Members, as provided under Section 4.11 herein, or until their earlier death, disability, resignation, retirement or removal, pursuant to Section 4.10 herein. Each Manager is hereby designated as a "manager" of the Company within the meaning of Section 18-101(10) of the Act.

  • Appointment of Consultant The Corporation appoints the Consultant and the Consultant accepts appointment on the terms and conditions provided in this Agreement as a consultant to the Corporation's business, including any other corporations hereafter formed or acquired by the Corporation to engage in any business.

  • Appointment to Fill a Vacancy in the Office of Trustee The Issuers, whenever necessary to avoid or fill a vacancy in the office of Trustee, will appoint, in the manner provided in Section 7.08, a Trustee, so that there shall at all times be a Trustee hereunder with respect to each series of Debt Securities.

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