Common use of Board Service Clause in Contracts

Board Service. The Company may nominate Executive to serve as a board member of Company affiliates or subsidiaries. Executive agrees, for no additional compensation, to serve on such boards. Upon the end of the Term for any reason, Executive shall resign from any such board positions Executive holds with any Company subsidiary or affiliate.

Appears in 2 contracts

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

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Board Service. The If the Board nominates Executive serve on the Board or the board of director, any Company may nominate Executive to serve as a board member of Company affiliates affiliate or subsidiaries. subsidiary, Executive agrees, for no additional compensation, to serve on the Board or such boardsboards of directors. Upon the end of the Term for any reason, Executive shall agrees to immediately resign from any such 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. The Company may If the Company’s Shareholders nominate Executive to serve as a on the Board or the board member of director, any Company affiliates affiliate or subsidiaries. subsidiary, Executive agrees, for no additional compensation, to serve on the Board or such boardsboards of directors. Upon the end of the Term for any reason, Executive shall agrees to immediately resign from any such 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 (JFB Construction Holdings), Executive Employment Agreement (JFB Construction Holdings)

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Board Service. The Company may nominate Executive to serve as a board member of the boards of directors of Company affiliates or subsidiaries. If requested, Executive agrees, for no additional compensation, to serve on such boards. Upon the end of the Term for any reason, Executive shall resign from any such board positions Executive boards and from any other offices he holds with any Company subsidiary the Company, or affiliateits parent company, affiliates or subsidiaries.

Appears in 1 contract

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

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