Continued Board Service. Following the Effective Date, Executive agrees to continue to serve as a member of Parent’s Board of Directors through the fifth anniversary of the Effective Date, subject to his nomination and election to the Board of Directors following the expiration of his current and any subsequent terms as a director. Executive shall be entitled to receive compensation for his post-Effective Date service as a Director in accordance with the Company’s director compensation policy as in effect from time to time.
Continued Board Service. 2.1 To comply with the provisions of Sections 3(h)(iv) and 3(h)(v) of the Company’s Corporate Governance Guidelines, Pxxxxxxxx will be deemed to have tendered his resignation from the Board, without any further action by Pxxxxxxxx or the Company, effective as of the Transition Date.
Continued Board Service. This Agreement does not affect your current Board service. You will not receive any compensation for your Board service through March 31, 2025 or any subsequent period you remain employed by the Company. If your employment with the Company ends effective March 31, 2025, and you continue to serve on the Board following the Company’s 2025 annual meeting of stockholders, then you will be eligible to receive standard non-employee director fees in accordance with the Board’s typical practices for non-employee directors.
Continued Board Service. Following the Retirement Date, you will continue serving as a member of the Board, to serve until your successor is duly elected and qualified.
Continued Board Service. Following his Retirement Date, Executive shall continue to serve thereafter at the pleasure of the Board as a non-employee member thereof and as its Vice Chairman. Executive shall receive compensation, reimbursement of expenses, and benefits, including without limitation, indemnification and coverage under directors’ and officers’ liability insurance policies, with respect to his services to the Board following his Retirement Date on the same basis as all other non-employee directors.
Continued Board Service. If Gullotti continues to serve as a member of the Board of Directors of XXX xxxxr the Retirement Date, Gullotti shall be entitled to receive such compensation, stock optixxx xxx other benefits as are then being made available to NCS' other non-employee directors.
Continued Board Service. Following the Succession Date (if any), subject to any right of removal pursuant to the Company’s organizational documents or applicable law, and your right to resign from such position, you will continue as a member of the Board for a period to continue through the end of the current term on or about June 6, 2019, and you hereby agree not to stand for reelection from the Board at the end of such period unless you and the Board agree to an extension of such period. You will receive compensation for your service as a member of the Board following the Succession Date, in the same amounts as paid to the independent members of the Board, provided that you shall not serve on any Committees of the Board.
Continued Board Service. In the event the Executive elects to continue to serve as, and for so long as he remains, a non-employee member of the Board, the Executive will be entitled to: (a) continued vesting of his then outstanding stock options; provided that upon termination of his service on the Board, those of the Executive's then outstanding options that would have vested had the Executive remained either employed by the Company or serving on the Board until the one-year anniversary of the date that the Executive terminated service shall become vested, and all of the Executive's then outstanding vested options shall remain exercisable for such period as is determined pursuant to the terms of the plans and option agreements under which the options were granted; provided, however, that in the event that during the period of exercisability of the Executive's then outstanding options a blackout period is imposed that prevents the Executive from exercising his options, then the Executive shall be permitted to exercise each then outstanding option until the earlier of (i) the 60th day following the end of such blackout period, and (ii) the expiration of the term of such option; (b) an annual cash retainer equal to the amount paid to other Board members for the applicable period of service; provided, however, that for so long as the Executive continues to serve as Chairman of the Board, the Executive shall be entitled to two times the annual cash retainer paid to other members of the Board for the applicable period of service; and (c) equity awards, if any, granted at such time or times and in the same form and amount as the awards that are granted to other members of the Board; provided, however, that the Executive shall not receive any equity award or other amount that is paid by reason of a director's first election or appointment to the Board (including, without limitation, any "Initial Grants," as defined in the Company's 2007 Equity Incentive Plan, as amended).
Continued Board Service. Notwithstanding the termination of Executive’s employment, Executive shall remain on the Board as a director and Chairman immediately after the Termination Date, with any continued service on the Board following the Termination Date subject to the Company’s articles of incorporation and/or by-laws. For the period from the Effective Date through the first anniversary of the Termination Date, Executive shall not be entitled to any compensation or other benefits for Executive’s continued service on the Board, to the extent such service continues, except for reimbursement of reasonable and necessary business expenses associated with such Board service in accordance with Company policies relating to expense reimbursements. If Executive continues to serve on the Board after the first anniversary of the Termination Date, then Executive shall be compensated for such service in accordance with the Board’s policies and practices governing compensation for service of Board members at a level commensurate with Executive’s position on the Board.
Continued Board Service. After the Effective Date, Executive shall remain a member of the Company’s Board of Directors and in that capacity shall provide such assistance to the Company as the Board of Directors may reasonably request, including without limitation those matters provided for in Section 6 below.
