Flewber Board Seat Sample Clauses

Flewber Board Seat. Subject to Flewber’s certificate of incorporation, bylaws, or any applicable stockholders’ agreement, Executive shall serve on the board of directors of Flewber (“Flewber Board”) as a director during the Employment Term. Executive shall not be paid any compensation for his services on the Flewber Board, but shall be entitled to the reimbursement of reasonable expenses incurred to attend Flewber Board meetings, if Flewber reimburses the other directors who serve on the Flewber Board for such expenses. At the end of the Employment Term, Executive’s status as a director shall automatically terminate without the need for formal, written resignation. Executive shall, however, cooperate with Flewber to the extent Flewber’s bylaws, certificate of incorporation, or any applicable stockholders’ agreement require Executive to execute documentation that memorializes he is no longer a director of Flewber.
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Flewber Board Seat. Subject to Flewber’s certificate of incorporation, bylaws, or any applicable stockholders’ agreement, Executive shall serve on the board of directors of Flewber (“Flewber Board”) as a director, and as the Chairman of the Flewber Board, during the Employment Term. Executive shall not be paid any compensation for his services on the Flewber Board, but shall be entitled to the reimbursement of reasonable expenses incurred to attend Flewber Board meetings, if Flewber reimburses the other directors who serve on the Flewber Board for such expenses. At the end of the Employment Term, Executive’s status as a director shall automatically terminate without the need for formal, written resignation. Executive shall, however, cooperate with Flewber to the extent Flewber’s bylaws, certificate of incorporation, or any applicable stockholders’ agreement require Executive to execute documentation that memorializes he is no longer a director of Flewber.
Sample 1

Related to Flewber Board Seat

  • Board Seat Upon termination of Executive’s employment by either party for any reason, Executive will resign his position on the Board and any other positions he may hold with or for the benefit of the Company and/or its affiliates, including, but not limited to, as an officer and/or director of any Company subsidiaries.

  • Parent Board Section 3.3(a) ............31

  • Company Board Approval The Company Board has unanimously (i) determined that it is in the best interests of the Company and its stockholders, and declared it advisable, to enter into this Agreement and consummate the Merger upon the terms and subject to the conditions set forth herein; (ii) approved the execution and delivery of this Agreement by the Company, the performance by the Company of its covenants and other obligations hereunder, and the consummation of the Merger upon the terms and conditions set forth herein; and (iii) resolved to recommend that the Company Stockholders adopt this Agreement and approve the Merger in accordance with the DGCL (collectively, the “Company Board Recommendation”), which Company Board Recommendation has not been withdrawn, rescinded or modified in any way as of the date hereof.

  • Associate Directors (A) Any person who has served as a director may be elected by the Board of Directors as an associate director, to serve during the pleasure of the Board.

  • Directors of Surviving Corporation At the Effective Time of the Merger, the Board of Directors of the Surviving Corporation shall be comprised of the persons serving as directors of Merger Sub immediately prior to the Effective Time of the Merger. Such persons shall serve until the earlier of their resignation or removal or until their respective successors are duly elected and qualified.

  • Parent Board of Directors The Board of Directors of Parent will take all actions necessary such that two members of Company's Board of Directors reasonably acceptable to Parent, at least one of whom is an independent director of the Company's Board of Directors, shall be appointed to Parent's Board of Directors as of the Effective Time with a term expiring at the next annual meeting of Parent's stockholders.

  • Size of Board The Board of Managers will have not less than three nor more than five Managers. The number may be increased or reduced by amendment of this Agreement. The Board of Managers will have five individuals, two of which will be Independent Managers. As of the date of this Agreement, the Board of Managers consists of the following Managers: Xxxxxx X. Xxxxx Xxxx X. Carnarvon Xxxxx X. Xxxxxx Xxxxx X. Xxxxxxx, as Independent Manager Xxxxxxx X. Xxxxxx, as Independent Manager

  • Board Size Each Stockholder shall vote, or cause to be voted, at a regular or special meeting of stockholders (or by written consent) all Voting Shares owned by such Stockholder (or as to which such Stockholder has voting power) to ensure that the size of the Board shall be set and remain at nine (9) directors; provided, however, that such Board size may be subsequently increased or decreased pursuant to an amendment of this Agreement in accordance with Section 5.7 hereof.

  • Directors of the Surviving Corporation The directors of Merger Sub immediately prior to the Effective Time shall be the directors of the Surviving Corporation until the earlier of their resignation or removal or until their respective successors are duly elected and qualified, as the case may be.

  • No Liability for Election of Recommended Directors No Stockholder, nor any Affiliate of any Stockholder, shall have any liability as a result of designating a person for election as a director for any act or omission by such designated person in his or her capacity as a director of the Company, nor shall any Stockholder have any liability as a result of voting for any such designee in accordance with the provisions of this Agreement.

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