Governing Board Option Sample Clauses

Governing Board Option. (a) Notwithstanding any other provision of this Agreement, the Board shall have the sole right, provided it gives proper notice, to terminate this Agreement during its term as set forth below. (i) If the Board terminates this Agreement before its normal expiration, except pursuant to paragraphs 9.1.1 to 9.1.4 above, it shall pay to Assistant Superintendent their base salary and medical/dental/vision benefits for the lesser of either twelve
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Governing Board Option. 1. Notwithstanding any other provision of this Contract, Board shall have the sole right to terminate this Contract during its term as set forth below. a. If Board terminates this Contract before its normal expiration, except pursuant to paragraphs A. to E. above, it shall pay to Assistant Superintendent his base salary and medical/dental/vision benefits for the lesser of either twelve (12) months or for that number of months remaining on this Contract. b. The twelve (12) month payment period shall commence on the date of notification. 2. The compensation set forth in Paragraph F.1. above shall be the only compensation of any kind which shall be due Assistant Superintendent if this Contract is terminated by the Board pursuant to this Paragraph F. 3. The parties agree that any payment hereunder shall be the sole and only payment for termination in this subsection F and shall be a full and complete settlement of any and all contract claims. Assistant Superintendent understands that Government Code section 53260(a) provides that if an agreement of this type is terminated without cause early, the maximum payment pursuant to statute is no more than 18 months. However, this is absent to an agreement to the contrary. The parties agree that this statutory maximum shall not apply because the parties have by this section agreed to the contrary; specifically, they have agreed upon a maximum payment of 12 months or the remaining length of the contract, whichever is less, as provided herein.
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Governing Board Option. 1. Notwithstanding any other provision of this Contract, the Board shall have the sole right to terminate this Contract during its term as set forth below. a. If the Board terminates this Contract before its normal expiration, except pursuant to Article XI.A. through Article XI.F., above, it shall pay to Superintendent her salary for the lesser of either six (6) months or for that number of months remaining on this Contract. b. The specified payment period (see G.1.a) shall commence on the date of written notification of the Board’s decision to terminate this Contract. 2. If Superintendent is gainfully employed or commences drawing retirement benefits from a retirement system during any portion of the time the Superintendent is being compensated by District pursuant to this Section G, such earnings shall reduce, on a dollar-for-dollar basis, District’s obligation under this section. For each affected month during the time Superintendent is to be compensated by District pursuant to this Section G, Superintendent shall provide District with a statement of earnings, if any, which shall become a pro-rated dollar-for-dollar offset against District’s monthly obligation under this section for the following month. 3. The compensation set forth in Paragraph G.1, above, shall be the only compensation of any kind which shall be due Superintendent if this Contract is terminated by the Board pursuant to this Section G.
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Governing Board Option. Notwithstanding any other provision of this Contract, the Governing Board shall have the sole right, upon giving of at least sixty (60) days' notice, to terminate this Contract during its term. This option will not be exercised for a minimum of six (6) months from the time two
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Related to Governing Board Option

  • Governing Board The School shall be governed by a board (the “Charter Board”) in a manner that is consistent with the terms of this Certificate so long as such provisions are in accordance with state, federal, and local law. The Charter Board shall have final authority and responsibility for the academic, financial, and organizational performance of the School. The Charter Board shall also have authority for and be responsible for policy and operational decisions of the School, although nothing herein shall prevent the Charter Board from delegating decision-making authority for policy and operational decisions to officers, employees and agents of the School, as well as third party management providers.

  • Compensation Committee (A) The Compensation Committee shall be composed of not more than five (5) members who shall be selected by the Board of Directors from its own members who are not officers of the Company and who shall hold office during the pleasure of the Board. (B) The Compensation Committee shall in general advise upon all matters of policy concerning the Company brought to its attention by the management and from time to time review the management of the Company, major organizational matters, including salaries and employee benefits and specifically shall administer the Executive Incentive Compensation Plan. (C) Meetings of the Compensation Committee may be called at any time by the Chairman of the Compensation Committee, the Chairman of the Board of Directors, or the President of the Company.

  • Board of Director Approval This Agreement shall have been approved by the Board of Directors of Acquirer.

  • The Board (a) The Board may, subject to the provisions of paragraphs (a) and (b) of this Section 2.6 with respect to the number of and vacancies in the position of Director and the provisions of Section 3.3 hereof with respect to the election of Directors by Members, designate any person who shall agree to be bound by all of the terms of this Agreement as a Director. The names and mailing addresses of the Directors shall be set forth in the books and records of the Company. The number of Directors shall be fixed from time to time by a written instrument signed by, or by resolution approved at a duly constituted meeting by vote of, a majority of the Board, provided however that the number of Directors shall at all times be at least one and no more than ten as determined, from time to time, by the Directors pursuant to this Agreement. (b) Each Director shall serve as a Director for the duration of the term of the Company, unless his or her status as a Director shall be sooner terminated pursuant to Section 4.2 hereof. If any vacancy in the position of a Director occurs, the remaining Directors may appoint a person to serve in such capacity, provided that, at any time the Company is registered under the Company Act, such appointment is in accordance with the Company Act. The Directors may call a meeting of Members to fill any vacancy in the position of Director, and shall do so at any time the Company is registered under the Company Act and such meeting is required by the Company Act. (c) In the event that no Director remains to continue the business of the Company, the Investment Manager shall promptly call a meeting of the Members, to be held within 60 days after the date on which the last Director ceased to act in that capacity, for the purpose of determining whether to continue the business of the Company and, if the business shall be continued, of electing the required number of Directors to the Board. If the Members shall determine at such meeting not to continue the business of the Company or if the required number of Directors is not elected within 60 days after the date on which the last Director ceased to act in that capacity, then the Company shall be dissolved pursuant to Section 6.1 hereof and the assets of the Company shall be liquidated and distributed pursuant to Section 6.2 hereof.

  • TRANSITION COMMITTEE A transition committee comprised of the employee representatives and the employer representatives, including the Crown, will be established by January 31, 2016 to address all matters that may arise in the creation of the Trust.

  • The Board of Directors of Buyer shall have approved this Agreement and Buyer's acquisition of the Assets contemplated hereby.

  • Leave, Board of Directors A nurse who is elected to the Board of Directors of the Ontario Nurses' Association, other than to the office of President, shall be granted upon request such leave(s) of absence as she or he may require to fulfill the duties of the position. Reasonable notice - sufficient to adequately allow the Hospital to minimize disruption of its services shall be given to the Hospital for such leave of absence. Notwithstanding Article 10.04, there shall be no loss of seniority or service for a nurse during such leave of absence. Leave of absence under this provision shall be in addition to the Union leave provided in Article 11.02

  • Board of Directors or Board The persons holding such office, as of any particular time, under the Articles of Incorporation of the Company, whether they be the Directors named therein or additional or successor Directors.

  • Board of Directors Approval The Board of Directors of the Buyer --------------------------- shall have approved, ratified and affirmed the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby.

  • Committees of the Board of Directors (a) The Board of Directors, by resolution adopted by a majority of the full Board of Directors, may designate from among its members one or more committees (in addition to those listed below), each of which shall be comprised of one or more of its members, and may designate one or more of its members as alternate members of any committee, who may, subject to any limitations by the Board of Directors, replace absent or disqualified members at any meeting of that committee. Any such committee, to the extent provided in such resolution or in the Articles of Incorporation or these Bylaws, shall have and may exercise all of the authority of the Board of Directors to the extent permitted by the NRS, including, without limitation, the power and authority to declare a dividend, to authorize the issuance of stock or to adopt a plan of merger pursuant to Section 78.125 of the NRS. Any such committee may authorize the seal of the Company to be affixed to all papers which may require it. In addition to the above, such committee or committees shall have such other powers and limitations of authority as may be determined from time to time by resolution adopted by the Board of Directors. (b) The Board of Directors shall have the power at any time to change the membership of any such committee and to fill vacancies in it. A majority of the number of members of any such committee shall constitute a quorum for the transaction of business unless a greater number is required by a resolution adopted by the Board of Directors. The act of the majority of the members of a committee present at any meeting at which a quorum is present shall be the act of such committee, unless the act of a greater number is required by a resolution adopted by the Board of Directors. Each such committee may elect a chairman and appoint such subcommittees and assistants as it may deem necessary. Except as otherwise provided by the Board of Directors, meetings of any committee shall be conducted in accordance with Paragraphs 3.4, 3.5, 3.6, 3.7, 3.8, 3.9 and 7.3 hereof. In the absence or disqualification of a member of a committee, the member or members present at any meeting and not disqualified from voting, whether or not constituting a quorum, may unanimously appoint another member of the Board of Directors to act at the meeting in the place of the absent or disqualified member. Any member of any such committee elected or appointed by the Board of Directors may be removed by the Board of Directors whenever in its judgment the best interests of the Company will be served thereby, but such removal shall be without prejudice to the contract rights, if any, of the person so removed. Election or appointment of a member of a committee shall not of itself create contract rights. (c) Any action taken by any committee of the Board of Directors shall promptly be recorded in the minutes and filed with the Secretary. (d) Notwithstanding anything herein contained to the contrary, the composition and powers of any committee of the Board of Directors are expressly subject to the requirements of any stock exchange or quotation system on which the capital stock of the Company is traded or quoted, or the Exchange Act.

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