Common use of Directorships Clause in Contracts

Directorships. 12.1 The Executive (if a director of the Company) shall not be entitled (except with the written consent of the board of directors of the Company) during the continuance of this Agreement to resign his directorship or disqualify himself from holding office as a director. If the Executive is or becomes disqualified from being a director by reason of any order made by any competent court, the Company may terminate the Executive’s employment summarily without compensation.