Common use of Board Membership Clause in Contracts

Board Membership. Subject to the termination of this Agreement, during the Term, at each annual meeting of the Company's stockholders, the Company will nominate the Executive to serve as a member of the Board unless such nomination is not consistent with the goals and objectives of the Company’s nominating committee. The Executive's service as a member of the Board will be subject to any required stockholder approval. Upon the termination of the Executive's employment for any reason, unless otherwise requested by the Board, the Executive agrees to resign from the Board (and all other positions held at the Company and its affiliates), and the Executive, at the Board's request, will execute any documents necessary to reflect his resignation.

Appears in 9 contracts

Samples: Executive Employment Agreement (Cen Biotech Inc), Executive Employment Agreement (Cen Biotech Inc), Executive Employment Agreement (Cen Biotech Inc)

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Board Membership. Subject to the termination of this Agreement, during the Term, at At each annual meeting of the Company's stockholders’s stockholders prior to the Termination Date, the Company will nominate the Executive to serve as a member of the Board unless such nomination is not consistent with the goals and objectives of the CompanyBoard. Executive’s nominating committee. The Executive's service as a member of the Board will be subject to any required stockholder approval. Upon the termination of the Executive's ’s employment for any reason, unless otherwise requested by the Board, the Executive agrees to resign from the Board (and all other positions held at the Company and its affiliates), and the Executive, at the Board's ’s request, will execute any documents necessary to reflect his resignation.

Appears in 8 contracts

Samples: Executive Employment Agreement (WALL STREET ACQUISITIONS, Corp), Executive Employment Agreement (WALL STREET ACQUISITIONS, Corp), Executive Employment Agreement

Board Membership. Subject to the termination of this Agreement, during the Term, at At each annual meeting of the Company's stockholders’s shareholders prior to the Termination Date at which Executive’s board term is expiring, the Company will nominate the Executive to serve as a member of the Board unless such nomination is not consistent Board, subject to required stockholder approval and compliance with the goals and objectives of the Company’s nominating committee. The Executive's policies and procedures regarding service as a member of the Board will be subject to any required stockholder approvalBoard. Upon the termination of the Executive's ’s employment for any reason, unless otherwise requested by the Board, the Executive agrees to resign from the Board (and all other positions held at the Company and its affiliates), and the Executive, at the Board's ’s request, will execute any documents necessary to reflect his resignation.

Appears in 5 contracts

Samples: Executive Employment Agreement (Costco Wholesale Corp /New), Executive Employment Agreement (Costco Wholesale Corp /New), Executive Employment Agreement (Costco Wholesale Corp /New)

Board Membership. Subject to the termination of this Agreement, during the Term, at At each annual meeting of the Company's stockholdersstockholders prior to the Termination Date, the Company will nominate the Executive to serve as a member of the Board unless such nomination is not consistent with the goals and objectives of the Company’s nominating committeeBoard. The Executive's service as a member of the Board will be subject to any required stockholder approval. Upon the termination of the Executive's employment for any reason, unless otherwise requested by the Board, the Executive agrees to resign from the Board (and all other positions held at the Company and its affiliates), and the Executive, at the Board's request, will execute any documents necessary to reflect his resignation.

Appears in 3 contracts

Samples: Employment Agreement (BOSTON OMAHA Corp), Executive Employment Agreement (Gold Lakes Corp.), Executive Employment Agreement (Teamupsport Inc.)

Board Membership. Subject to the termination of this Agreement, during the Term, at At each annual meeting of the Company's stockholdersstockholders during the Employment Period, the Company will nominate the Executive Employee to serve as a member of the Board unless such nomination is not consistent with the goals and objectives of the Company’s nominating committeeBoard. The ExecutiveEmployee's service as a member of the Board will be subject to any required stockholder approval. Upon the termination of the ExecutiveEmployee's employment for any reason, unless otherwise requested by the Board, the Executive Employee agrees to resign from the Board (and all other positions held at the Company and its affiliates), and the ExecutiveEmployee, at the Board's request, will execute any documents necessary to reflect his resignation.

Appears in 2 contracts

Samples: Employment Agreement (HealthWarehouse.com, Inc.), Employment Agreement (HealthWarehouse.com, Inc.)

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Board Membership. Subject to the termination of this Agreement, during the Term, at each annual meeting of the Company's stockholdersstockholders , the Company will nominate the Executive to serve as a member of the Board unless such nomination is not consistent with the goals and objectives of the Company’s 's nominating committee. The Executive's service as a member of the Board will be subject to any required stockholder approval. Upon the termination of the Executive's employment for any reason, unless otherwise requested by the Board, the Executive agrees to resign from the Board (and all other positions held at the Company and its affiliates), and the Executive, at the Board's request, will execute any documents necessary to reflect his resignation.

Appears in 1 contract

Samples: Executive Employment Agreement (Cen Biotech Inc)

Board Membership. Subject to (If the termination Executive is a member of this Agreement, during the Term, at Board). At each annual meeting of the Company's stockholders’s stockholders prior to the Termination Date, the Company will nominate the Executive to serve as a member of the Board unless such nomination is not consistent with the goals and objectives of the Company’s nominating committeeBoard. The Executive's ’s service as a member of the Board will be subject to any required stockholder approval. Upon the termination of the Executive's ’s employment for any reason, unless otherwise requested by the Board, the Executive agrees to resign from the Board (and all other positions held at the Company and its affiliates), and the Executive, at the Board's ’s request, will execute any documents necessary to reflect his his/her resignation.

Appears in 1 contract

Samples: Executive Employment Agreement (Webstar Technology Group Inc.)

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