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Common use of Board Service Clause in Contracts

Board Service. If the Company’s Shareholders nominate Executive serve on the Board or the board of director, any Company affiliate or subsidiary, Executive agrees, for no additional compensation, to serve on the Board or such boards of directors. Upon the end of the Term for any reason, Executive agrees to immediately resign from the Board and from all other board positions and offices Executive holds with the Company or with any Company parent, subsidiary or affiliate.

Appears in 4 contracts

Samples: Executive Employment Agreement (JFB Construction Holdings), Executive Employment Agreement (JFB Construction Holdings), Executive Employment Agreement (JFB Construction Holdings)

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Board Service. If the Company’s Shareholders The Company may nominate Executive to serve on the Board as a board member of Company affiliates or the board of director, any Company affiliate or subsidiary, subsidiaries. Executive agrees, for no additional compensation, to serve on the Board or such boards of directorsboards. Upon the end of the Term for any reason, Executive agrees to immediately shall resign from the Board and from all other any such board positions and offices Executive holds with the Company or with any Company parent, subsidiary or affiliate.

Appears in 2 contracts

Samples: Executive Employment Agreement (Kaival Brands Innovations Group, Inc.), Executive Employment Agreement (Kaival Brands Innovations Group, Inc.)

Board Service. If the Company’s Shareholders nominate Board nominates Executive serve on the Board or the board of director, any Company affiliate or subsidiary, Executive agrees, for no additional compensation, to serve on the Board or such boards of directors. Upon the end of the Term for any reason, Executive agrees to immediately resign from the Board and from all other board positions and offices Executive holds with the Company or with any Company parent, subsidiary or affiliate.

Appears in 2 contracts

Samples: Executive Employment Agreement (Massimo Group), Executive Employment Agreement (Massimo Group)

Board Service. If the Company’s Shareholders nominate Board nominates Executive serve on the its Board or the board of director, directors of any Company affiliate or subsidiary, Executive agrees, for no additional compensation, to serve on the Board or such boards of directors. Upon the end of the Term for any reason, Executive agrees to immediately resign from the Board and from all other board positions and offices Executive holds with the Company or with any Company parent, subsidiary or affiliate.

Appears in 1 contract

Samples: Employment Agreement (Vivic Corp.)

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Board Service. If the Company’s Shareholders The Company may nominate Executive to serve on the as a Board or the board of director, any Company affiliate or subsidiary, member. Executive agrees, for no additional compensation, to serve on the Board or such boards and any committees of directorsthe Board. Upon the end of the Term for any reason, Executive agrees to immediately shall resign from the Board and from all any other board positions and offices Executive he holds with the Company or with any Company parent, subsidiary its parent company or affiliateaffiliates.

Appears in 1 contract

Samples: Executive Employment Agreement (Kaival Brands Innovations Group, Inc.)

Board Service. If the Company’s Shareholders The Company may nominate Executive to serve on as a member of the Board boards of directors of Company affiliates or the board of director, any Company affiliate or subsidiarysubsidiaries. If requested, Executive agrees, for no additional compensation, to serve on the Board or such boards of directorsboards. Upon the end of the Term for any reason, Executive agrees to immediately shall resign from the Board any such boards and from all any other board positions and offices Executive he holds with the Company Company, or with any Company parentits parent company, subsidiary affiliates or affiliatesubsidiaries.

Appears in 1 contract

Samples: Executive Employment Agreement (Kaival Brands Innovations Group, Inc.)