MEMBERSHIP ON BOARD OF DIRECTORS. DFC agrees to nominate or cause you to be nominated for election to DFC's Board of Directors.
MEMBERSHIP ON BOARD OF DIRECTORS. During the period ending as of the earlier of December 31, 2010 or Executive's attainment of the Board's mandatory retirement age, the Company shall include Executive in the management slate for election as a director and shall recommend his election at any stockholders' meeting at which his term otherwise would expire.
MEMBERSHIP ON BOARD OF DIRECTORS. As of the Effective Time, the Board of Directors of FiberChem shall consist of nine persons of whom four persons will be nominees jointly of Xxxxx X. Xxxxxxx and Xxxxx Xxxxxxxxx, four persons will be nominees of Xxxxxxxx Xxxxxx and one person will be a nominee chosen jointly by Xxxxx X. Xxxxxxx and Xxxxxxxx Xxxxxx, and if they are unable to agree, a person chosen by the other eight directors.
MEMBERSHIP ON BOARD OF DIRECTORS. All current members of the Board of Directors of the Company shall have resigned as of the Closing Date.
MEMBERSHIP ON BOARD OF DIRECTORS. FFCC agrees to nominate or cause you to be nominated for election to FFCC's Board of Directors.
MEMBERSHIP ON BOARD OF DIRECTORS. Xxxxxx shall remain Chairman of the Board and a director of the Company until such time as his successor has been duly elected and qualified, his resignation, or his removal in accordance with the Company's Certificate, Bylaws, and Delaware General Corporation Law. As a director of the Company, Xxxxxx shall be entitled to full reimbursement for all pre-approved business expenses incurred as a Board member in accordance with Company policy, as well as being allowed to participate in any board compensation plans that may be adopted by the Company, either now or in the future.
MEMBERSHIP ON BOARD OF DIRECTORS. The initial number of directors on the Board of Directors of the Company shall have been duly and properly fixed at not more than seven (7) directors by all necessary corporate and shareholder action. The person(s) nominated or designated by the Investor to be director(s) of the Company shall have been duly and properly elected to the Board of Directors of the Company, all as contemplated by the Shareholder Agreement.
MEMBERSHIP ON BOARD OF DIRECTORS. During the License Term (as defined in the License Agreement), SmartServ agrees to nominate a person designated from time to time by DTN and acceptable to the SmartServ Board of Directors as a member of the Board of Directors of SmartServ at the appropriate annual meeting of the shareholders of SmartServ held for the purpose of electing directors of SmartServ.
MEMBERSHIP ON BOARD OF DIRECTORS. Executive shall continue to serve as a director of the Company until expiration of his current term and until his successor is duly elected and qualified. Thereafter, the Company shall have no obligation to include Executive in the management slate for election as a director or to recommend his election at any meeting of stockholders. Executive may resign as a director of the Company at any time upon written notice to the company without liability or otherwise affecting the Company's obligations under this Agreement. In the event of Executive's resignation as a director, the Company (and not the Executive) shall make the public announcement of such resignation, which announcement shall be subject to Executive's prior review and approval, which approval shall not be unreasonably withheld.
MEMBERSHIP ON BOARD OF DIRECTORS. It is the intention of the parties that Xxxxx will be elected to the Board of Directors of the Company, and that Xxxxx will serve on the Board if so elected. Xxxxx will purchase $100,000 worth of Company common stock, at fair market value on the date of purchase, at the time he commences membership on the Company's Board of Directors.
