Election to Board of Directors. Xxxxxxx Xxxxxxx shall have been designated to the Board of Directors and the Company shall have entered into an indemnification agreement with Xxxxxxx Xxxxxxx on substantially the same terms as the indemnification agreements with the other directors.
Election to Board of Directors. During the Employment Term, the Company and its Board of Directors shall cause the Executive to be nominated to be elected as a director to the Company’s Board of Directors.
Election to Board of Directors. As of the Effective Date, the Executive shall be duly elected as Chairman of the Company's Board of Directors. A resolution by the Company's Board of Director of such election shall be adopted and provided for in writing.
Election to Board of Directors. The Board of Directors will elect Executive to the Board of Directors. Executive will immediately resign from the Board of Directors if his employment is terminated for any reason or if he ceases to be the President and CEO of the Company.
Election to Board of Directors. The Company shall obtain (a) ------------------------------ the written resignation of all directors and officers of the Company as STR or the Signing Shareholders may specify to the Company immediately prior to the Effective Time, effective as of the Effective Time, and (b) shall, in writing, take all action necessary to cause the Board of Directors of the Company, at and immediately after the Effective Time, to consist of those directors specified by STR or the Signing Shareholders, such directors to include two existing directors of the Company as are acceptable to all of STR, the Signing Shareholders and the Company.
Election to Board of Directors. The Company shall obtain the written resignation of all directors and officers of the Company as NM or the NM Shareholder may specify to the Company not less than 10 days prior to the Effective Time, effective as of the Effective Time, and (b) shall take all action necessary to cause the Board of Directors of the Company, at and immediately after the Effective Time, to consist of those directors specified by NM or the NM Shareholders in writing not less than 10 days prior to the Effective Time.
Election to Board of Directors. If the Executive is elected to and agrees to serve as a director of the Board of Directors pursuant to Section 6.2 of the Purchase Agreement, Executive shall serve in that capacity without further compensation.
Election to Board of Directors. The Corporation shall use its best efforts to cause a representative of the Investor to be elected as a director of the Corporation within thirty days after the Closing Date.
Election to Board of Directors. Xxxxxxx shall stand for and be endorsed and recommended by the Bank for election to its Board of Directors for annual terms coinciding as closely as possible with those specified in this Agreement.
Election to Board of Directors. Promptly after the Closing, the Buyer shall take all appropriate corporate action to cause the Shareholder to be elected to the Board of Directors of the Company.
