Common use of Directorship Term Clause in Contracts

Directorship Term. The "Directorship Term", as used in this Agreement, shall mean the period commencing on the date hereof and terminating on the earliest of the following to occur: (a) one (1) year from the date hereof, subject to a one (1) year renewal term upon re-election by a majority of the shareholders of the Company; (b) the death of the Director ("Death"); (c) the termination of the Director from the position of member of the Board by the mutual agreement of the Company and the Director; (d) the removal of the Director from the Board by the shareholders of the Company; (e) the resignation by the Director from the Board if after the date hereof, the Chief Executive Officer of his current employer determines that the Director's continued service on the Board conflicts with his fiduciary obligations to his current employer (a "Fiduciary Resignation"); and (f) the resignation by the Director from the Board if the board of directors or the Chief Executive Officer of his current employer requires the Director to resign and such resignation is not a Fiduciary Resignation.

Appears in 10 contracts

Samples: Director Agreement (Delta Technology Holdings LTD), Director Agreement (China Advanced Construction Materials Group, Inc), Director Agreement (Voiceserve Inc)

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Directorship Term. The "Directorship Term", as used in this Agreement, shall mean the period commencing on the date hereof and terminating on the earliest of the following to occur: (a) one (1) year from the date hereof, subject to a one (1) year renewal term upon re-election by a majority of the shareholders of the Company; (b) the death of the Director ("Death"); (c) the termination of the Director from the position of member of the Board by the mutual agreement of the Company and the Director; (d) the removal of the Director from the Board by the shareholders of the Company; (e) the resignation by the Director from the Board if after the date hereof, the Chief Executive Officer of his her current employer determines that the Director's continued service on the Board conflicts with his her fiduciary obligations to his her current employer (a "Fiduciary Resignation"); and (f) the resignation by the Director from the Board if the board of directors or the Chief Executive Officer of his her current employer requires the Director to resign and such resignation is not a Fiduciary Resignation.

Appears in 5 contracts

Samples: Director Agreement (Urban Tea, Inc.), Director Agreement (Golden Bull LTD), Director Agreement (Golden Bull LTD)

Directorship Term. The "Directorship Term", ," as used in this Agreement, shall mean the period commencing on the date hereof and terminating on the earliest of the following to occur: (a) one (1) year from the date hereof, subject to a one (1) year renewal term upon re-election by a majority of the shareholders of the Company; (b) the death of the Director ("Death"); (cb) the termination of the Director from the position of Director's service as a member of the Board by the mutual agreement of the Company and the Director; (dc) the removal of the Director from the Board by the shareholders failure of the Company's stockholders to elect the Director in the Company's annual election of directors to serve on the Board for the next succeeding year; (ed) the resignation by the Director from the Board if after the date hereof, the Chief Executive Officer of his current Director's employer determines that the Director's continued service on the Board conflicts with his fiduciary obligations to his current such employer (a "Fiduciary Resignation"); and (fe) the resignation by the Director from the Board if the board of directors or the Chief Executive Officer chief executive officer of his current the Director's employer requires the Director to resign and such resignation is not a Fiduciary Resignation.

Appears in 4 contracts

Samples: Director Services Agreement (Universal Insurance Holdings, Inc.), Director Services Agreement (Universal Insurance Holdings, Inc.), Director Services Agreement (Universal Insurance Holdings, Inc.)

Directorship Term. The "Directorship Term", ,” as used in this Agreement, shall mean the period commencing on the date hereof and terminating on the earliest of the following to occur: (a) one (1) year from the date hereof, subject to a one (1) year renewal term upon re-election by a majority death of the shareholders of the CompanyDirector (“Death”); (b) the death of the Director ("Death"); (c) the termination of the Director from the position of Director’s service as a member of the Board by the mutual agreement of the Company and the Director; (dc) the removal of the Director from the Board by the shareholders failure of the Company’s stockholders to elect the Director in the Company’s annual election of directors to serve on the Board for the next succeeding year; (ed) the resignation by the Director from the Board if after the date hereof, the Chief Executive Officer of his current Director’s employer determines that the Director's ’s continued service on the Board conflicts with his fiduciary obligations to his current such employer (a "Fiduciary Resignation"); and (fe) the resignation by the Director from the Board if the board of directors or the Chief Executive Officer chief executive officer of his current the Director’s employer requires the Director to resign and such resignation is not a Fiduciary Resignation.

Appears in 4 contracts

Samples: Director Services Agreement (Universal Insurance Holdings, Inc.), Director Services Agreement (Universal Insurance Holdings, Inc.), Director Services Agreement (Universal Insurance Holdings, Inc.)

Directorship Term. The "Directorship Term", as used in this Agreement, shall mean the period commencing on the date hereof and terminating on the earliest of the following to occur: (a) one (1) year from the date hereof, subject to a one (1) year renewal term upon re-election by a majority of the shareholders of the Company; (b) the death of the Director ("Death"); (c) the termination of the Director from the position of member of the Board by the mutual agreement of the Company and the Director; (d) the removal of the Director from the Board by the shareholders of the Company; (e) the resignation by the Director from the Board if after the date hereof, the Chief Executive Officer of his his/her current employer determines that the Director's ’s continued service on the Board conflicts with his his/her fiduciary obligations to his his/her current employer (a "Fiduciary Resignation"); and (f) the resignation by the Director from the Board if the board of directors or the Chief Executive Officer of his his/her current employer requires the Director to resign and such resignation is not a Fiduciary Resignation.

Appears in 2 contracts

Samples: Director Agreement (Urban Tea, Inc.), Director Agreement (Urban Tea, Inc.)

Directorship Term. The "Directorship Term", as used in this Agreement, shall mean the period commencing on the date hereof and terminating on the earliest of the following to occur: (a) one (1) year from the date hereof, subject to a one (1) year renewal term upon re-election by a majority of the shareholders of the Company; (b) the death of the Director ("DeathDirector("Death"); (c) the termination of the Director from the position of member of the Board by the mutual agreement of the Company and the Director; (d) the removal of the Director from the Board by the shareholders of the Company; (e) the resignation by the Director from the Board if after the date hereof, the Chief Executive Officer of his her current employer determines that the Director's continued service on the Board conflicts with his her fiduciary obligations to his her current employer (a "Fiduciary Resignation"); andResignation");and (f) the resignation by the Director from the Board if the board of directors or the Chief Executive Officer of his her current employer requires the Director to resign and such resignation is not a Fiduciary Resignation.

Appears in 1 contract

Samples: Director Agreement (Golden Bull LTD)

Directorship Term. The "Directorship Term", as used in this Agreement, shall mean the period commencing on the date hereof and terminating on the earliest of the following to occur: (a) a. one (1) year from the date hereof, subject to a one (1) year renewal term upon re-election by a majority of the shareholders of the Company; (b) b. the death of the Director ("Death"); (c) c. the termination of the Director from the position of member of the Board by the mutual agreement of the Company and the Director; (d) d. the removal of the Director from the Board by the shareholders of the Company; (e) e. the resignation by the Director from the Board if after the date hereof, the Chief Executive Officer of his current employer determines that the Director's continued service on the Board conflicts with his fiduciary obligations to his current employer (a "Fiduciary Resignation"); and (f) f. the resignation by the Director from the Board if the board of directors or the Chief Executive Officer of his current employer requires the Director to resign and such resignation is not a Fiduciary Resignation.

Appears in 1 contract

Samples: Director Agreement (Car Charging Group, Inc.)

Directorship Term. The "Directorship Term", as used in this Agreement, shall mean the period commencing on the date hereof and terminating on the earliest of the following to occur: (a) one (1) year from the date hereof, subject to a one (1) year renewal term upon re-election by a majority of the shareholders of the Company; (b) the death of the Director ("Death"); (c) the termination of the Director from the position of member of the Board by the mutual agreement of the Company and the Director; (d) the removal of the Director from the Board by the shareholders of the Company; (e) the resignation by the Director from the Board if after the date hereof, the Chief Executive Officer of his her current employer determines that the Director's ’s continued service on the Board conflicts with his her fiduciary obligations to his her current employer (a "Fiduciary Resignation"); and (f) the resignation by the Director from the Board if the board of directors or the Chief Executive Officer of his her current employer requires the Director to resign and such resignation is not a Fiduciary Resignation.

Appears in 1 contract

Samples: Director Agreement (Urban Tea, Inc.)

Directorship Term. The "Directorship Term", as used in this Agreement, shall mean the period commencing on the date hereof and terminating on the earliest of the following to occur: (a) one two (12) year from the date hereof, subject to a one (1) year renewal term upon re-election by a majority of the shareholders of the Company; (b) the death of the Director ("Death"); (c) the termination of the Director from the position of member of the Board by the mutual agreement of the Company and the Director; (d) the removal of the Director from the Board by the shareholders of the Company; (e) the resignation by the Director from the Board if after the date hereof, the Chief Executive Officer of his her current employer determines that the Director's ’s continued service on the Board conflicts with his her fiduciary obligations to his her current employer (a "Fiduciary Resignation"); and (f) the resignation by the Director from the Board if the board of directors or the Chief Executive Officer of his her current employer requires the Director to resign and such resignation is not a Fiduciary Resignation.

Appears in 1 contract

Samples: Director Agreement (Bit Digital, Inc)

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Directorship Term. The "Directorship Term", as used in this Agreement, shall mean the period commencing on the date hereof and terminating on the earliest of the following to occur: (a) one three (13) year from the date hereof, subject to a one three (13) year renewal term upon re-election by a majority of the shareholders of the Company; (b) the death of the Director ("Death"); (c) the termination of the Director from the position of member of the Board by the mutual agreement of the Company and the Director; (d) the removal of the Director from the Board by the shareholders of the Company; (e) the resignation by the Director from the Board if after the date hereof, the Chief Executive Officer of his her current employer determines that the Director's continued service on the Board conflicts with his her fiduciary obligations to his her current employer (a "Fiduciary Resignation"); and (f) the resignation by the Director from the Board if the board of directors or the Chief Executive Officer of his her current employer requires the Director to resign and such resignation is not a Fiduciary Resignation.

Appears in 1 contract

Samples: Director Agreement (NXT Nutritionals Holdings, Inc.)

Directorship Term. The "Directorship Term", as used in this Agreement, shall mean the period commencing on the date hereof and terminating on the earliest of the following to occur: (a) one (1) year from the date hereof, subject to a one (1) year renewal term upon re-election by a majority of the shareholders of the Company; (b) the death of the Director ("Death"); (c) the termination of the Director from the position of member of the Board by the mutual agreement of the Company and the Director; (d) the removal of the Director from the Board by the shareholders of the Company; (e) the resignation by the Director from the Board if after the date hereof, the Chief Executive Officer of his sher current employer determines that the Director's ’s continued service on the Board conflicts with his her fiduciary obligations to his her current employer (a "Fiduciary Resignation"); and (f) the resignation by the Director from the Board if the board of directors or the Chief Executive Officer of his her current employer requires the Director to resign and such resignation is not a Fiduciary Resignation.

Appears in 1 contract

Samples: Director Agreement (Huitao Technology Co., Ltd.)

Directorship Term. The "Directorship Term", as used in this Agreement, shall mean the period commencing on the date hereof and terminating on the earliest of the following to occur: (a) one (1) year from the date hereof, subject to a one (1) year renewal term upon re-election by a majority of the shareholders of the Company; (b) the death of the Director ("Death"); (c) the termination of the Director from the position of member of the Board by the mutual agreement of the Company and the Director; (d) the removal of the Director from the Board by the shareholders of the Company; (e) the resignation by the Director from the Board if after the date hereof, the Chief Executive Officer of his sher current employer determines that the Director's continued service on the Board conflicts with his her fiduciary obligations to his her current employer (a "Fiduciary Resignation"); and (f) the resignation by the Director from the Board if the board of directors or the Chief Executive Officer of his her current employer requires the Director to resign and such resignation is not a Fiduciary Resignation.

Appears in 1 contract

Samples: Director Agreement (China Advanced Construction Materials Group, Inc)

Directorship Term. The "Directorship Term", as used in this Agreement, shall mean the period commencing on the date hereof and terminating on the earliest of the following to occur: (a) one (1) year from the date hereof, subject to a one (1) year renewal term upon re-election by a majority of the shareholders of the Company; (b) the death of the Director ("Death"); (c) the termination of the Director from the position of member of the Board by the mutual agreement of the Company and the Director; (d) the removal of the Director from the Board by the shareholders of the Company; (e) the resignation by the Director from the Board if after the date hereof, the Chief Executive Officer of his current employer determines that the Director's continued service on the Board conflicts with his fiduciary obligations to his current employer (a "Fiduciary Resignation"); and (f) the resignation by the Director from the Board if the board of directors Board or the Chief Executive Officer of his current employer requires the Director to resign and such resignation is not a Fiduciary Resignation.

Appears in 1 contract

Samples: Director Agreement (China Advanced Construction Materials Group, Inc)

Directorship Term. The "Directorship Term", as used in this Agreement, shall mean the period commencing on the date hereof and terminating on the earliest of the following to occur: (a) one (1) year from the date hereof, subject to a one (1) year renewal term upon re-election by a majority of the shareholders of the Company; (b) the death of the Director ("Death"); (c) the termination of the Director from the position of member of the Board by the mutual agreement of the Company and the Director; (d) the removal of the Director from the Board by the shareholders of the Company; (e) the resignation by the Director from the Board if after the date hereof, the Chief Executive Officer of his the current employer determines that the Director's ’s continued service on the Board conflicts with his her fiduciary obligations to his her current employer (a "Fiduciary Resignation"); and (f) the resignation by the Director from the Board if the board of directors or the Chief Executive Officer of his her current employer requires the Director to resign and such resignation is not a Fiduciary Resignation.

Appears in 1 contract

Samples: Director Agreement (Huitao Technology Co., Ltd.)

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