Common use of REPORT OBLIGATION Clause in Contracts

REPORT OBLIGATION. While this Agreement is in effect, the Independent Director shall immediately report to the Company in the event: (1) the Independent Director knows or has reason to know or should have known that any of the requirements specified in Section 3 hereof is not satisfied or is not going to be satisfied; and (2) the Independent Director simultaneously serves on an audit committee of any other public company.

Appears in 101 contracts

Samples: Independent Director Agreement (Orangekloud Technology Inc.), Independent Director Agreement (E I L Holdings LTD), Independent Director Agreement (Roan Holdings Group Co., Ltd.)

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REPORT OBLIGATION. While this Agreement is in effect, the Independent Director shall immediately report to the Company in the event: (1) the Independent Director knows or has reason to know or should have known that any of the requirements specified in Section 3 hereof is are not satisfied or is are not going to be satisfied; and (2) the Independent Director simultaneously serves on an audit committee of any other public company.

Appears in 5 contracts

Samples: Director Agreement (Geltology Inc), Director Agreement (Geltology Inc), Director Agreement (Geltology Inc)

REPORT OBLIGATION. While this Agreement is in effect, the Independent Director shall immediately report to the Company in the event: (1) the Independent Director knows or has reason to know or should have known that any of the requirements specified in Section 3 hereof is not satisfied or is not going to be satisfied; and (2) the Independent Director simultaneously serves on an audit committee of any other public company. 5.

Appears in 3 contracts

Samples: Independent Director Agreement (Phoenix Motor Inc.), Director Agreement, Independent Director Agreement

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REPORT OBLIGATION. 汇报职责 While this Agreement is in effect, the Independent Director shall immediately report to the Company in the event: (1) the Independent Director knows or has reason to know or should have known that any of the requirements specified in Section 3 hereof is not satisfied or is not going to be satisfied; and (2) the Independent Director simultaneously serves on an audit compensation committee of any other public company.. 此协议有效期内,独立董事将在以下情况下立即向公司汇报:(1)独立董事知晓或有原因知晓或应当知晓第三部分中的要求没有满足或不会被满足;以及(2)独立董事在任何其它上市公司的薪酬委员会任职。

Appears in 1 contract

Samples: Independent Director Agreement (China Natural Gas, Inc.)

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