During the Appointment Sample Clauses

The "During the Appointment" clause outlines the rights, responsibilities, and expectations of the parties while the appointment or engagement is ongoing. It typically specifies the conduct required, the services to be provided, and any ongoing obligations such as confidentiality, reporting, or compliance with policies. This clause ensures that both parties understand their duties and standards of behavior throughout the duration of the appointment, helping to prevent misunderstandings and maintain a professional relationship.
During the Appointment. 5.1.1 the Company shall pay to the Executive a salary at the rate of (pound)60,000 pounds per annum or at such other rate as may from time to time be agreed between the Company and the Executive; 5.1.2 the salary shall be deemed to accrue evenly from day to day over 365 days in each year and shall be payable in arrears by equal monthly instalments on the last working day of each month into a bank nominated by him and shall be inclusive of any fees and/or remuneration to which the Executive may be entitled by reason of his holding of any office in any Group Company; 5.1.3 the salary shall be reviewed by the Board at its discretion annually with effect from 1st July each year having regard to the individual performance of the Executive and the contribution made by the Company to the profitability of the Group 5.1.4 the Executive shall be entitled to a profit related bonus in the manner set out in Part I of Schedule 1; 5.
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During the Appointment the Executive will not improperly use or disclose any confidential information or trade secrets of any former employer or any other person to whom the Executive has an obligation of confidentiality, and will not bring onto the Group’s premises any unpublished documents or any property belonging to a former employer or any other person to whom the Executive has an obligation of confidentiality unless consented to in writing by the former employer or person.
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During the Appointment. 2.5.1 the Company has no duty to provide any work to or vest any powers in the Executive who shall have no right to perform any services for the Company or for any Group Company; and 2.5.2 the Company shall be entitled at any time to appoint another person to act jointly with the Executive in any capacity in which he/she may be employed.
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During the Appointment. 6.1.1 The Company shall pay to the Executive a salary at a rate of GBP150,000 ("Base Salary") per annum accruing on a daily basis and payable in arrears by equal monthly instalments which shall be inclusive of any fees and/or remuneration to which the Executive may be entitled as a Director of the Company; 6.1.2 The Executive shall be entitled to a bonus at the discretion of the Board. 6.1.3 The Executive shall be entitled to a one-time signing bonus of GBP10,000 payable within thirty days of execution of this agreement; and 6.1.4 The Executive shall be awarded options to purchase 500,000 shares in the capital of the Company on such terms as set out in Schedule 3.
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During the Appointment the Company shall so long as the Appointee is legally entitled to drive provide the Appointee with a Car for use by the Appointee in the course of the Appointee's duties.
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During the Appointment. 6.1.1 The Company shall pay to the Executive a salary at a rate of GBP100,000 ("Base Salary") per annum accruing on a daily basis and payable in arrears by equal monthly instalments which shall be inclusive of any fees and/or remuneration to which the Executive may be entitled as a Director of the Company, which Base Salary shall be subject to annual review by the Board; 6.1.2 The Executive shall be entitled to a one-time signing bonus of GBP15,000; 6.1.3 The Executive shall be entitled to a bonus at the discretion of the Board; and 6.1.4 The Executive shall be awarded options to purchase 225,000 shares in the capital of the Company on such terms as set out in Schedule 3.
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During the Appointment. (a) if requested to do so, You must complete (at the Company’s expense) any Health and Safety training, IT Security training and Compliance training, or any other form of training which we will communicate to You from time to time. (b) You are not required to complete any training at your own expense; and (c) You may be entitled to take part in various training courses which we may provide from time to time in-house. Specific details of what courses will be available to you by Human Resources.
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During the Appointment. (a) the Company has no duty to provide any work to, or vest any powers in, You and You have no right to perform any services for the Company or for any Group Company; and (b) the Company is entitled at any time to appoint another person to act jointly with You in any capacity in which You may be employed.
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During the Appointment. 5.1.1 the Company shall pay to the Executive a Salary at a rate of £80,000 per annum (or at such higher rate as may from time to time be agreed between the Company and the Executive); 5.1.2 in addition to the Salary outlined in 5.1.1 the Company shall pay to the Executive a bonus (the parameters for which will be agreed in advance for each financial year (those for the year (99/2000 having been set out in Schedule 2)); 5.1.3 the Salary shall be deemed to accrue evenly from day to day over 365 days in each year and shall be payable in arrears by equal monthly installments on or around the 25th of each month into a bank account nominated by him and shall be inclusive of any fees and/or remuneration to which the Executive may be entitled as a Director of the Company or any Group Company; 5.1.4 the Salary shall be reviewed annually on 1 May each year by the Board the first such review to take place on 1 May/2000.
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Related to During the Appointment

  • Designation and Appointment The Board may, from time to time, employ and retain Persons as may be necessary or appropriate for the conduct of the Company’s business (subject to the supervision and control of the Board), including employees, agents and other Persons (any of whom may be a Member or Director) who may be designated as Officers of the Company, with titles including but not limited to “chief executive officer,” “president,” “vice president,” “treasurer,” “secretary,” “general counsel” and “chief financial officer,” as and to the extent authorized by the Board. Any number of offices may be held by the same Person. In the Board’s discretion, the Board may choose not to fill any office for any period as it may deem advisable. Officers need not be residents of the State of Delaware or a Member. Any Officers so designated shall have such authority and perform such duties as the Board may, from time to time, delegate to them. The Board may assign titles to particular Officers. Each Officer shall hold office until his successor shall be duly designated and shall have qualified as an Officer or until his death or until he shall resign or shall have been removed in the manner hereinafter provided. The salaries or other compensation, if any, of the Officers of the Company shall be fixed from time to time by the Board.

  • Board Appointment (a) Following the Closing and upon the written request of Castle Creek, the Company will promptly cause a person designated by Castle Creek, who shall be reasonably acceptable to the Company (provided that all managing principals and principals of Castle Creek shall be deemed reasonably acceptable to the Company for purposes hereof) (the “Board Representative”), to be elected or appointed to the Board of Directors of the Company (the “Board of Directors”), subject to satisfaction of all legal and regulatory requirements regarding service and election or appointment as a director of the Company, and Riverview Bank (the “Bank”) board of directors (the “Bank Board”), subject to all legal and regulatory requirements regarding service and election or appointment as a director of the Bank, and subject to compliance with all corporate governance guidelines or principles that the Corporation may adopt, to its code of conduct and to its ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ and other policies applicable to members of the Board of Directors and the Bank Board, in each case for as long as Castle Creek, together with its Affiliates, owns the greater of: (i) in the aggregate, 50% or more of all of the Shares purchased pursuant to the Purchase Agreement (“Qualifying Ownership Interest”) or (ii) in the aggregate, 5% of the Common Stock, Series A Preferred Stock and Non-Voting Common Stock, taken as a whole, then outstanding (“Minimum Ownership Interest”). Notwithstanding anything to the contrary herein, in no event shall any failure to meet any applicable residency requirement be a valid reason for withholding approval of the Board Representative (or any replacement Board Representative) by the Board, the Bank Board or the Company, as the case may be. So long as Castle Creek, together with its Affiliates, has a Minimum Ownership Interest, the Company will recommend to its shareholders the election of the Board Representative to the Board of Directors at the Company’s annual meeting of shareholders, subject to satisfaction of all legal requirements regarding service and election or appointment as a director of the Company. If Castle Creek no longer has a Minimum Ownership Interest, Castle Creek will have no further rights under Sections 1(a) through 1(b) and, at the written request of the Board of Directors, shall use all reasonable best efforts to cause its Board Representative to resign from the Board of Directors and the Bank Board as promptly as possible thereafter. Castle Creek shall promptly inform the Company if and when it ceases to hold a Minimum Ownership Interest in the Company. (b) The Board Representative shall, subject to applicable law, be one of the Company’s nominees to serve on the Board of Directors. The Company shall use its reasonable best efforts to have the Board Representative elected as a director of the Company by the shareholders of the Company, and the Company shall solicit proxies for the Board Representative to the same extent as it does for any of its other Company nominees to the Board of Directors. At the option of the Board Representative, the Board of Directors shall cause such Board Representative to be appointed to the Compensation Committee of the Board of Directors, and any equivalent committee of the Bank, so long as the Board Representative qualifies to serve on such committees under the Company’s or the Bank’s committee charters currently in effect, as applicable, and applicable rules of any exchange on which the Common Stock is then listed, and such service is consistent with commitments that Castle Creek has provided to the Federal Reserve in connection with the transaction and would not result in Castle Creek being deemed in control of the Company for purposes of the BHC Act. The Company shall ensure, and shall cause the Bank to ensure, that the Board of Directors, the Bank Board, the Compensation Committee of the Board of Directors and any equivalent committee of the Bank shall have at least four members for so long as Castle Creek shall have the right to appoint a Board Representative. Castle Creek covenants and agrees to hold any information obtained from its Board Representative in confidence (except to the extent that such information can be shown to have been (1) previously known by such party on a nonconfidential basis, (2) in the public domain through no fault of such party, or (3) later lawfully acquired from other sources by the party to which it was furnished). Notwithstanding anything to the contrary contained herein, at all times when Castle Creek maintains a Minimum Ownership Interest, it shall comply in all respects with the Federal Reserve’s Policy Statement on equity investments in banks and bank holding companies and any other guidance promulgated in connection with the matters addressed therein. (c) Subject to Section 1(a), upon the death, resignation, retirement, disqualification, or removal from office as a member of the Board or the Bank Board of the Board Representative, Castle Creek shall have the right to designate the replacement for such Board Representative, which replacement shall satisfy all legal, bank regulatory and governance requirements regarding service as a director of the Company, and shall be reasonably acceptable to the Company (provided that all managing principals and principals of Castle Creek shall be deemed reasonably acceptable to the Company for purposes hereof). The Board and the Bank Board shall use their respective commercially reasonable efforts to take all action required to fill the vacancy resulting therefrom with such person (including such person, subject to applicable Law, being one of the Company’s nominees to serve on the Board and the Bank Board), using all reasonable best efforts to have such person elected as director of the Company by the shareholders of the Company and the Company soliciting proxies for such person to the same extent as it does for any of its other nominees to the Board, as the case may be. (d) The Board Representative shall be entitled to compensation, including fees, and indemnification and insurance coverage in connection with his or her role as a director, to the same extent as other directors on the Board or the Bank Board, as applicable, and the Board Representative shall be entitled to reimbursement for reasonable documented, out-of- pocket expenses incurred in attending meetings of the Board and the Bank Board, or any committee thereof, in accordance with Company policy. (e) The Company acknowledges that the Board Representative may have certain rights to indemnification, advancement of expenses and/or insurance provided by Castle Creek and/or certain of its Affiliates (collectively, the “Castle Creek Indemnitors”). The Company hereby agrees on behalf of itself and the Bank that with respect to a claim by the Board Representative for indemnification arising out his or her service as a director of the Company and/or the Bank (1) that it is the indemnitor of first resort (i.e., its obligations to the Board Representative with respect to indemnification, advancement of expenses and/or insurance (which obligations shall be the same as, but in no event greater than, any such obligations to members of the Board or the Bank Board, as applicable) are primary, and any obligation of the Castle Creek Indemnitors to advance expenses or to provide indemnification for the same expenses or liabilities incurred by the Board Representative are secondary), and (2) the Castle Creek Indemnitors shall have a right of contribution and/or be subrogated to the extent of such advancement or payment to all of the rights of recovery of the Board Representative against the Company.

  • Appointment of Asset Manager; Acceptance of Appointment The Series hereby appoints the Asset Manager as asset manager to the Series for the purpose of managing the Series #TICKER Asset. The Asset Manager hereby accepts such appointment.

  • Initial Appointment Upon entering the classified service, an Employee shall receive compensation at the minimum of the salary range of the classified position for which hired. When economic conditions, unusual employment conditions or exceptional qualifications of a candidate for employment indicate that a higher rate would be in the City's best interest, the Department Head with the approval of the Human Resources Manager may authorize hiring at a rate above the minimum for the classified position for which the Employee is being hired, but in all cases, the rate is not to exceed the maximum for the job classification.

  • Term of Appointment 2.1 The Appointment shall commence on the Commencement Date and shall continue, subject to the remaining terms of this Contract, until terminated by either party giving the other not less than 6 months’ prior notice (or the statutory minimum notice, whichever is the greater) in writing. 2.2 [This clause intentionally blank]. 2.3 No employment with a previous employer counts towards the Employee’s period of continuous employment with the Company. 2.4 The Employee consents to the transfer of his employment under this Contract to an Associated Employer at any time during the Appointment.