Common use of Membership on the Board Clause in Contracts

Membership on the Board. Nothing in the adoption of the Plan, nor the grant of Phantom Units pursuant to this Agreement, shall confer upon the Director the right to continued membership on the Board or affect in any way the right of the General Partner to terminate such membership at any time. Any question as to whether and when there has been a termination of the Director’s membership on the Board, and the cause of such termination, shall be determined by the Committee or its delegate, and its determination shall be final and conclusive for all purposes.

Appears in 3 contracts

Samples: Phantom Unit Agreement (Westlake Chemical Partners LP), Phantom Unit Agreement (Westlake Chemical Partners LP), Phantom Unit Agreement (Westlake Chemical Partners LP)

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Membership on the Board. Nothing in the adoption of the Plan, nor the grant award of the Phantom Stock Units thereunder pursuant to this Agreement, shall confer upon the Director the right to continued membership on the Board or affect in any way the right of the General Partner Company to terminate such membership at any time. Any question as to whether and when there has been a termination of the Director’s 's membership on the Board, and the cause of such termination, shall be determined by the Committee Board or its delegate, and its determination shall be final and conclusive for all purposesfinal.

Appears in 1 contract

Samples: Phantom Stock Unit Agreement (Forest Oil Corp)

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Membership on the Board. Nothing in the adoption of the Plan, nor the grant award of the Phantom Stock Units thereunder pursuant to this Agreement, shall confer upon the Director the right to continued membership on the Board or affect in any way the right of the General Partner Company to terminate such membership at any time. Any question as to whether and when there has been a termination of the Director’s membership on the Board, and the cause of such termination, shall be determined by the Committee Board or its delegate, and its determination shall be final and conclusive for all purposesfinal.

Appears in 1 contract

Samples: Phantom Stock Unit Agreement (Lone Pine Resources Inc.)

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