Service on the Board of Directors. The Executive is currently serving as a director of each of the Corporation and the Bank. The Corporation shall nominate the Executive for election as a director at such times as necessary so that the Executive will, if elected by stockholders, remain a director of the Corporation throughout the term of this Agreement. The Executive hereby consents to serving as a director and to being named as a director of the Corporation in documents filed with the Securities and Exchange Commission. The board of directors of each of the Corporation and the Bank shall undertake every lawful effort to ensure that the Executive continues throughout the term of employment to be elected or reelected as a director of the Bank. The Executive shall be deemed to have resigned as a director of each of the Corporation and the Bank effective immediately after termination of the Executive’s employment under Article 3 of this Agreement, regardless of whether the Executive submits a formal, written resignation as director.
Service on the Board of Directors. If the Executive is serving as a director of the Employer on the date of this Agreement, the Employer shall nominate the Executive for election as a director at such times as necessary so that the Executive will, if elected by stockholders, remain a director of the Employer throughout the term of this Agreement. The Executive hereby consents to serve as a director of the Employer and the Executive hereby consents to being named as a director of the Employer in documents filed by the Employer under the Securities Exchange Act of 1934. The Executive shall be deemed to have resigned as a director of the Employer effective immediately after termination of the Executive’s employment under Article 3 of this Agreement, regardless of whether the Executive submits a formal, written resignation as director.
Service on the Board of Directors. The Executive serves as a member of the board of directors of the Bank. The board of directors of the Bank shall undertake every lawful effort to ensure that the Executive continues throughout the term of this Agreement to be elected as a director of the Bank, provided the Executive remains fit to serve as a director. Notwithstanding anything in this Agreement to the contrary, unless otherwise agreed to by the parties, the Executive agrees that he shall resign as a director of the Bank effective immediately after termination of the Executive’s employment under Article 3 of this Agreement. With respect to the preceding sentence, the Executive agrees that his resignation as a director will be effective as of the date his employment with the Bank terminates, regardless of whether the Executive submits a formal, written resignation as director.
Service on the Board of Directors. During the term of this Agreement, Executive will continue to serve on the Board of Directors of the Bank as a director. If at any time during the term of this Agreement Executive shall fail to be re-nominated to the Board of Directors other than for reasons of Just Cause (as defined in Section 9(d) of this Agreement), Executive shall have “Good Reason” (as defined in Section 9(e) of this Agreement) to terminate his employment under this Agreement, and Executive shall have no further obligations under this Agreement.
Service on the Board of Directors. The Director has been appointed as an Independent Director of the Company’s Board of Directors (the “Board”), and chairman of the Nominating Committee of the Board of Directors, with his service to commence upon the date of this Agreement (the “Effective Date”), and to continue until the earlier of the date on which Director ceases to be a member of the Board for any reason or the date of termination of this Agreement in accordance with this Section V(B) hereof (such earlier date being the “Expiration Date”). The Board shall consist of the Director and such other members as nominated and elected pursuant to the then current Memorandum and Articles of Association of the Company (the “Articles”).
Service on the Board of Directors. Employee shall be a member of the Board of Directors of NOVA, serving as Vice Chairman, on the Employment Commencement Date, and the Board of Directors of NOVA shall propose the Employee for re-election to the Board of Directors, serving as Vice Chairman, throughout the term of Employee's Employment hereunder.
Service on the Board of Directors. If your service as a member of the board of directors of the Company ceases for any reason, all Award Shares that are not then vested will be immediately and automatically forfeited and cancelled upon the date your service as a director terminates. You will be required to perform “substantial services” (within the meaning of the Internal Revenue Code of 1986, as amended, (the “Code”) Section 409A(d)(4)) for the Company (including the Bank) (and any applicable successor of the Company and the Bank) through the vesting date in order for vesting to occur, if at all, on such date.
Service on the Board of Directors. (i) During the Term, the Executive shall serve as a member of the Board and shall not receive any additional compensation or benefits for her service as a Board member.
(ii) After the Term of this Agreement expires, if requested by the Chairman of the Board, the Executive may at her election serve as a member of the Board. If the Executive serves as a member of the Board after the Term of this Agreement expires, the Executive shall receive the same cash compensation and benefits paid or available to other Board members, which shall include an annualized stipend of not less than Fifty Thousand Dollars ($50,000). Such annual stipend shall be pro-rated for any partial year of service on the Board after the expiration of the Term.
Service on the Board of Directors. In addition to Executive’s job duties as Executive Chairman, Executive will continue to serve as the Chair of the Company’s Board of Directors (“Chairman”), performing such duties as are customarily associated with such position. Executive will perform Executive’s duties as Chairman within a time commitment averaging one full-time day per week, although Executive’s job duties may require that Executive work additional hours.
Service on the Board of Directors. The Director shall has been selected for appointment as a director on the Company’s Board of Directors (the “Board”), commencing April 20, 2022 (the “Commencement Date”) and continuing until the earlier of the date on which Director ceases to be a member of the Board for any reason or the date of termination of this Agreement in accordance with Section V hereof.
