MEMBERSHIP ON THE BOARD OF DIRECTORS. After any termination of the ------------------------------------- Executive's employment with the Company, the Company may request that the Executive serve as a non-executive member of the Board of Directors of the Company. If the Executive agrees to serve in such a capacity following the termination of his employment, the Executive shall be considered as maintaining a "business relationship" with the Company during such period of service, and any installments of any stock options held by the Executive on the termination of his employment that are not exercisable and have not expired shall continue to become exercisable in accordance with the terms of the relevant option agreements and option plans during such period of service. When the Executive ceases to be a non-executive member of the Board of Directors, he shall have three years to exercise any then-exercisable, unexpired installments of any stock options held by the Executive on the Executive's last date of service on the Board of Directors.
MEMBERSHIP ON THE BOARD OF DIRECTORS. In connection with the Consultant’s continuing service to Wesbanco, Consultant shall be appointed to a position as a member of the Board of Directors of Wesbanco to serve until the next annual meeting of shareholders of Wesbanco on April 17, 2013. Wesbanco shall also include Consultant on the list of nominees for which Wesbanco’s Board of Directors shall solicit proxies at such meeting for a full three (3) year term.
MEMBERSHIP ON THE BOARD OF DIRECTORS. In connection with Consultant's continuing service to Cadiz, the Board of Directors of Cadiz anticipates that it shall invite Consultant to serve as a member of the Board of Directors of Cadiz to serve until Cadiz's next Annual Meeting of Stockholders or until his successor is elected and qualified. In addition, Cadiz may invite Consultant from time to time to serve as a director of one or more subsidiaries of Cadiz. Nothing in this Agreement shall be construed to grant Consultant the right to continue to serve as a director of Cadiz or any of its subsidiaries. Should Consultant accept the position of director of Cadiz and/or its subsidiaries, Consultant shall not while this Agreement is in effect be entitled to separate compensation for his services as a director of Cadiz or its subsidiaries. Upon termination of this Agreement, Consultant agrees to provide a letter of resignation from the Board of Directors of Cadiz and/or any subsidiaries thereof effective, in each case, upon such termination, unless Cadiz, acting through its Board of Directors, requests in writing that Consultant withdraw such resignation and Consultant agrees in writing to withdraw such resignation prior to the termination of this Agreement.
MEMBERSHIP ON THE BOARD OF DIRECTORS. Nothing in the adoption of the Plan, nor the award of the Restricted Stock Units thereunder pursuant to this Agreement, shall confer upon the Grantee the right to continued membership as a Director or affect in any way the right of the Company to terminate such membership at any time. Any question as to whether and when there has been a termination of the Grantee’s membership on the Board of Directors of the Company, shall be determined by the Board or its delegate, and its determination shall be final.
MEMBERSHIP ON THE BOARD OF DIRECTORS. To the extent required under the Merger Agreement, Executive shall be appointed to a position as a member of the Board of Directors of Wesbanco Bank, Inc. to serve for a minimum period of one (1) year.
MEMBERSHIP ON THE BOARD OF DIRECTORS. The Company shall, not later than June 30, 1996, cause a person designated to the Company in writing by a representative of the holders of the Warrants to be elected to the Company's Board of Directors. If such person ceases to serve as a director for any reason, so long as at least forty-nine percent (49%) of the Warrants shall be beneficially owned by the holders acquiring Warrants directly from the Initial Purchasers, the Company shall include in the slate of nominees recommended by the Company's Board of Directors or management to shareholders for election as directors at each meeting of shareholders of the Company, at which directors are elected, one person designated by the holders of the Warrants holding a majority of the Warrants at the time of designation which person is reasonably satisfactory to the Company. The Company shall use its best efforts to cause to be voted in favor of the election of such designee, the shares for which the Company's management or Board of Directors holds proxies or is otherwise entitled to vote. In the event that any such designee shall cease to serve as a director for any reason during the period that this Section 3.02 is in effect, the vacancy resulting thereby shall be filled by a designee of the Warrant Holders reasonably acceptable to the Company. The Company shall compensate such designee on the same terms as other outside directors generally and shall provide all rights and benefits of indemnity to such designee as are provided such directors; provided, that any independent director selected for particular expertise in, or experience with, the Company's business or related industries, may be compensated at a rate reflecting such expertise or experience, without a requirement that the Company increase the compensation to any other director, including the designee of the holders of the Warrants.
MEMBERSHIP ON THE BOARD OF DIRECTORS. To the extent required under the Merger Agreement, the Executive shall be appointed to a position as a member of the Board of Directors of Wesbanco to serve for a minimum period of three (3) years.
MEMBERSHIP ON THE BOARD OF DIRECTORS. Effect of this Agreement on Directorship. This Agreement has no effect on Executive’s position as a Member of the Company’s Board of Directors. The Executive, however, acknowledges and agrees that nothing in his continued service as a Director shall affect his obligations to the Company and the GGS Releasees (defined below) under this Agreement. If Executive, in his continued service as Member of the Board, cannot comply with his obligations under this Agreement for whatever reason, Executive agrees to immediately resign from his position as a Member of the Board and fully comply with all terms and obligations of this Agreement.
MEMBERSHIP ON THE BOARD OF DIRECTORS. The Company has requested, --------------------------------------- and the Executive has agreed, that the Executive continue to serve on the Board of Directors of the Company. The Executive shall continue to be considered to be maintaining a "business relationship" with the Company during such period of service as defined in the Company Plan, and any installments of any stock options held by the Executive on the termination of his employment that are not exercisable and have not expired shall continue to become exercisable in accordance with the terms of the relevant option agreements and option plans during such period of service.
MEMBERSHIP ON THE BOARD OF DIRECTORS. In connection with the Consultant's continuing service to Wesbanco, Consultant shall be appointed to a position as a member of the Board of Directors of Wesbanco to serve until December 31, 2002. Consultant shall also serve as a member of the Planning and Acquisitions Committee of Wesbanco during his term on the Board of Directors. Upon termination of his term as a director, Consultant shall be elected as an emeritus director and shall continue as an emeritus director for the full term of five (5) years as permitted under the Bylaws of Wesbanco. As such emeritus director, Consultant shall be paid a monthly fee of Five Hundred Dollars ($500.00) per month without an attendance requirement therefore. No attendance fees shall be paid to Consultant while serving as an emeritus director.
