Common use of Board Observation on Termination Clause in Contracts

Board Observation on Termination. Employer agrees that if Principal is terminated as a member of the Board of Directors of the Employer or is terminated from his position with the Employer pursuant to this Agreement, then Principal shall have the right to receive notice of, attend, observe and participate in all meetings of the Board. Provided, however, Principal will not be entitled to cast a vote on any issues before the Board but Principal is permitted to be present during any voting process.

Board Observation on Termination. Employer agrees that if ------------------------------------ Principal is terminated as a member of the Board of Directors of the Employer or is terminated from his position with the Employer pursuant to this Agreement, then Principal shall have the right to receive notice of, attend, observe and participate in all meetings of the Board. Provided, however, Principal will not be entitled to cast a vote on any issues before the Board but Principal is permitted to be present during any voting process.