Board of Directors Appointment. The Director hereby consents to serve as a member of the Company’s Board of Directors (the “Board”) for an initial term of 1 year, subject to and effective upon approval by the Board and/or election by the Company stockholders (“Stockholders”), until the earlier of the date on which Director ceases to be a member of the Board for any reason or the date of termination or expiration of this Agreement in accordance with Section 9 hereof (such earlier date being the “Expiration Date”). The Board shall consist of the Director and the other members as nominated and elected as Directors.
Board of Directors Appointment. Acquirer shall have provided the Company with evidence, in form and substance reasonably satisfactory to the Company, that, effective as of the First Effective Time, the Chief Executive Officer of the Company shall be appointed as a member of Parent’s board of directors.
Board of Directors Appointment. Mr. John Dalton xxxxx xx appointed to the Board of Directors of WorldPort and Acquisitions, Inc. effective as of the Closing.
Board of Directors Appointment. Based on Article 5.1(a) of the Agreement, the Purchaser shall have already obtained necessary resolutions and other documents for making the appointment of directors by the Purchaser comes into force.
Board of Directors Appointment. Concurrent with the execution of the Asset Purchase Agreement, the Company agrees to appoint Sxxxx Xxxxx to the Board of Directors, and Sxxxx Xxxxx accepts such appointment.
Board of Directors Appointment. Effective as of the Separation Date, you shall be appointed to the Board as a regular member. This appointment underscores the Company’s continued valuation of your expertise and contributions. Compensation for board membership will align with the Company’s established policy for directors. Should it be required, detailed terms and conditions pertaining to your role on the Board will be duly outlined in a subsequent agreement, adhering to the Company’s governance standards and regulatory requirements. Your service on the Board shall be subject to the pleasure of the Board. Your service on the Board is not guaranteed for any length of time.
Board of Directors Appointment. For 24 months from the date of this Agreement, Lxxxxxx shall be entitled to the appointment of a Board Member to the Board of Directors of any corporation founded or organized by Cxxxxxxxxxx to further the purposes of his business concept described by this Agreement. Lxxxxxx, or his appointee, shall serve in the normal capacity of an outside Director and shall be liable, after initial appointment, to shareholder vote and ratification in the same manner as other directors of the Company as provided for that particular directorship term. Provided, however, that Cxxxxxxxxxx or assigns shall nominate and indicate that such Director is a management nominee and shall urge shareholders to vote in favor of such nominee. Provided, further, that if at any time the majority of the Board of Directors of the Cxxxxxxxxxx entity to be formed requests a substitute or replacement Director be appointed for Lxxxxxx, or any successor or assign of Lxxxxxx, Lxxxxxx shall comply and substitute a replacement Board member upon Limperts or his successors requested resignation. Cxxxxxxxxxx agrees to use its best efforts to obtain Officer and Director indemnity and liability insurance coverage for all Directors and Officers of the anticipated Company.
Board of Directors Appointment. The President of NBM or his/her designee may, at the pleasure of the Board of Directors of DermaGuard, be allowed to serve on said Board of Directors.
Board of Directors Appointment. Xxxx Xxxxxxxxx shall have been elected as a member of the Eliem Board effective immediately following the Effective Time. Eliem and Xxxx Xxxxxxxxx shall have executed and delivered a director and officer indemnification agreement, and such agreement shall be in full force and effect.
