Board Member. Holding and Acquiror agree to cause the initial Board ------------ of Directors of Holding after the Effective Time to include one person who is currently employed by the Company (other than Messrs. Xxxxx and White) as an active broker of the Company.
Board Member. The Agency shall provide at least one (1) voting membership on its board of directors for a City representative for the duration of this Agreement. The City may make recommendations for this board membership to the Agency’s President or Executive Director. Any and all recommendations will be presented to the Agency’s board of directors for approval. The City representative shall be a non-elected member of City staff and shall enjoy the same rights and privileges with regard to discussion and voting on issues before the board as other general members of the Agency board.
Board Member. The NEC shall provide one (1) voting membership on its board of directors for a City-appointed representative for the duration of this Agreement. The City representative shall be a member of City staff and shall enjoy the same rights and privileges with regard to discussion and voting on issues before the board as other general members of the NEC board.
Board Member. The Board of Directors of the Company will have appointed a person designated by the Investor to the Board of Directors of the Company, effective as of Closing.
Board Member. For so long as Subscribers hold of record at least [***] of the shares of capital stock issued to Subscribers in accordance with this Section 4.2, DKFZ and UFE, acting jointly, shall have the right to appoint [***] to serve as a voting member of the Board, subject to the provisions of this Agreement or any voting or investors’ rights agreement to which Subscribers become a party, provided that at such time as Licensee has issued debt, equity, derivative or convertible securities in a financing of Licensee after the achievement of the Financing Threshold, such right to appoint such representative shall expire and service of such representative shall continue at the discretion of the Board and stockholders of Licensee.
Board Member. (a) As long as the Purchaser holds more than three and a half percent (3.5%) of the issued and outstanding shares of the Company, the Company will recommend to the shareholders of the Company prior to any general meeting of shareholders of the Company, at which directors may be proposed to be elected, to elect a representative of the Purchaser to the Board of Directors of the Company (the "Purchaser's Director") and will take all lawful actions to solicit such election.
Board Member. 1026 The FIDO Alliance shall have Board Members. A Board Member must be a corporation, 1027 partnership, joint venture, trust, limited liability company, business association, governmental 1028 entity or other entity. All Board Members must execute a Membership Agreement and any 1029 relevant Attachments thereto and pay the fees called for in the Schedule of Fees and Dues. Once 1030 approved by the Board, all Board Members shall be entitled to all rights and bound to the 1031 obligations generally afforded and imposed upon all Members. In addition, Board Members shall 1032 be granted the specific additional rights stated in this Section 11.1 and shall be subject to the 1033 obligations stated in the Membership Agreement and any relevant Attachments thereto. 1034 Among other benefits specifically afforded to Board Members who remain in Good Standing are: 1035 (1) to be a member qualified to designate persons as Delegates;
Board Member. Licensor agrees that it shall appoint, upon Licensee’s request, a designee of the Licensee to the Board within the later of (x) ***** after the closing of the equity purchase pursuant to Section 8.11(a) or (y) Licensee’s request. Such designee may remain on the Board until the earlier of (i) *****, (ii) the termination or expiration of this Agreement, or (iii) the date Licensee and its Affiliates no longer own the preferred stock purchased pursuant to Section 8.11(a) or any of the shares issued upon conversion thereof. Licensee understands and agrees that the designee of the Licensee may not attend any portion of a Board meeting or receive certain Board materials if, on the advice of Licensor’s counsel, such designee’s participation or receipt of information would create an actual conflict of interest. The appointment of the Licensee’s designee to the Board will be subject to the same terms and conditions as Licensor’s existing Board members, with the exception that no cash, stock, stock options or other compensation will be provided to Licensee’s designee to the Board. (d)
Board Member. An option to purchase 80,000 shares of Common Stock of the Company with an exercise price equal to the fair market value of the Company’s Common Stock as of the date of grant (determined in accordance with the Company’s 2006 Stock Plan. The shares underlying such option will vest linearly and monthly over a four year period commencing on the Effective Date of this Agreement and continuing for as long as Dx. Xxxxxxx continues to be a member of the board of directors of the Company, except that (a) in the event of a Change of Control (as defined in 2(h)(ii) of this Agreement) that is consummated when Dx. Xxxxxxx a member of the board of directors of the Company, 50% of the then unvested shares underlying such option shall fully vest immediately prior to the consummation of such Change of Control; and (b) if at any time less than three (3) months prior to or within eighteen (18) months after a Change of Control Dx. Xxxxxxx is removed from the board of directors for a reason other than Cause (as defined in 2(h)(i) of this Agreement) all then unvested shares underlying such option shall vest immediately prior to the consummation of such Change of Control or upon such termination, as the case may be. · $10,000 in cash per year, paid in equal quarterly installments in arrears Consultant · $40,000 in cash per year, paid in equal quarterly installments in arrears · Consultant shall submit monthly invoices to the Company for any amounts owing under this Agreement and shall include a summary of time spent on Company business. Each invoice will contain enough detail to enable Company to determine the accuracy of the amount(s) billed. With each invoice, Consultant will provide: (a) a detailed itemized listing of all expenses incurred under this Agreement, and (b) receipts for any individual expenses that exceed $50. Either an original or a copy may be submitted. · Company shall reimburse Consultant for all reasonable, documented out-of-pocket expenses incurred by Consultant in performing Services pursuant to this Agreement. With respect to travel expenses, Company shall only reimburse Consultant for economy class travel unless otherwise consented to by Company. Company shall also reimburse consultant for attendance at conferences that are pre-approved by Company. Consultant shall submit to Company all statements for expenses incurred and Services performed on a monthly basis. EXHIBIT B OUTSIDE COMPANIES [List; if none, so indicate] None
Board Member. As soon as reasonably practicable following the ------------ Closing, the Company will cause to be appointed to its Board of Directors an individual designated by MAMI. In connection with each meeting of shareholders of the Company at which directors are to be elected which occurs following the date of this Agreement and while MAMI continues to own at least fifty-five percent (55%) (based upon the aggregate number of Shares and Warrant Shares beneficially owned) of the Securities originally purchased by MAMI hereunder, the Company shall nominate an individual designated by MAMI for election to the Company's Board of Directors by the shareholders and shall use commercially reasonable efforts to cause such individual to be elected to the Board.
