DIRECTOR POSITIONS. Executive agrees that upon termination of employment, for any reason, at the request of the Chairman of the Board, he will immediately tender his resignation from any and all Board positions held with the Company and/or any of its subsidiaries and affiliates. If Executive remains as a director, at the election of the Board, after such termination, Executive shall be compensated as an outside director.
DIRECTOR POSITIONS. Upon termination of employment, for any reason Executive shall remain on any and all Board positions held with the Company and/or any of its subsidiaries and affiliates. At such time, Executive shall be paid as an outside director.
DIRECTOR POSITIONS. The Board shall have [*] authorized ------------------ members. SKM shall have the right to nominate [*] members to the Board, and Liquid Audio shall have the right to nominate [*] members to the Board. Each Holder shall have the right to request removal, whether with or without cause, of any director which such Holder is solely entitled to nominate, at * Certain information in this Exhibit has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions.
DIRECTOR POSITIONS. The Board of Directors of CCBF (the "CCBF Board") shall nominate and use its best efforts to secure the election of Executive as a director of CCBF during the term of this Agreement. The CCBF Board shall also cause CCBF to vote the outstanding shares of CCB Bank and CCBF's other direct Subsidiaries to elect Executive as a member of the Board of Directors of CCB Bank (the "Bank Board") and of the Boards of Directors of those of the other direct Subsidiaries of CCBF as would be useful to Executive in the performance of his duties. The Bank Board shall cause CCB to vote the outstanding shares of its direct Subsidiaries to elect Executive as a director of such Subsidiaries as would be useful in the performance of his duties. At all times the Executive serves as a director of CCBF and CCB Bank pursuant to this Section 2(b), he shall be appointed to the Executive Committees of the CCBF Board and the Bank Board.
DIRECTOR POSITIONS. A. A teacher appointed by the Division to the position of Director Student Services or Director Support shall receive an allowance in addition to his or her rate of pay. The allowance for the position of Director of Student Services or Director of Support shall be the same as allowance paid to a Principal of a C school as provided for in Article of the Collective Agreement. July to June If the Division decides to discontinue the position Director Student Services and/or Director School Coininunity Support, the Director have his or her allowance maintained for period of one (1) year.
DIRECTOR POSITIONS. Executive hereby resigns as a director of Surge. Effective as of the Effective Date, Executive hereby resigns his position as Chairman of the Board of Directors of the Company. Executive shall remain a director of the Company for the 2010/2011 term.
DIRECTOR POSITIONS. The Board shall initially have [*] authorized ------------------ positions. Liquid Audio shall have the right to nominate [*] members to the Board, and Super Stage shall have the right to nominate [*] members to the Board. The remaining member shall be nominated by mutual agreement of Liquid Audio and Super Stage. Each Holder shall have the right to request removal of any director which such Holder is solely entitled to nominate at any time effective upon notice to LAJ, the director to be removed and to the other Holders. Each Holder shall vote all of its Shares so as to elect the other Holders' nominees, remove directors for whom removal has been requested, and maintain the Board constituency described in this Section 3.1. Any vacancy on the Board shall be filled pursuant to the nomination procedure described in this Section 3.1.
DIRECTOR POSITIONS. After the Effective Time, BFC will offer positions on the Board of Directors of Xxxxxx Bank Wisconsin to not fewer than two members of the Board of Directors of the Seller as it exists as of the Effective Time and, if such individuals accept such offer, will appoint them to the Board of Directors of Xxxxxx Bank Wisconsin to serve in such capacities until their respective resignation, removal or death or until the next meeting of shareholders of Xxxxxx Bank Wisconsin at which directors are elected.
DIRECTOR POSITIONS. The Executives may continue their service as directors of the Company for the remainder of the respective term for which each Executive is presently serving, except that if the Executives at any time own less than 30% of the outstanding shares of Company common stock, then one of the Executives (to be determined by them) shall promptly resign as a director of the Company and, further, if the Executives at any time own less than 15% of the outstanding shares of Company common stock, then both Executives will promptly resign as directors of the Company.
DIRECTOR POSITIONS. Executive agrees that upon termination of employment, for any reason, at the request of the Chairman of the Board, and if Executive owns less than 2,000,000 shares of HCC Common Stock or if Executive has been terminated for Cause, he will immediately tender his resignation from any and all Board positions held with the Company and/or any of its subsidiaries and affiliates, including without limitation, as Vice Chairman of the Company, Chairman of LDG, and a Director of Benefits. If Executive remains as a Director, after such termination, Executive shall be compensated as an outside director. While an outside Director, Executive shall be entitled to First Class Business Travel but shall no longer be entitled to use of corporate aircraft.
