Service on the Board. So long as Employee is willing to serve on the Board and has not been terminated for cause, the Board shall nominate Employee for election to the Board. Failure to elect to, or removal from, the Board of Directors shall not constitute resignation from or termination of employment as Chief Executive Officer. Failure to elect to, or removal from, the position of Chief Executive Officer or termination of this Agreement for any reason shall not constitute resignation from the Board of Directors or termination of Employee’s service on the Board.
Appears in 2 contracts
Samples: Employment Agreement (Allied Motion Technologies Inc), Employment Agreement (Allied Motion Technologies Inc)
Service on the Board. So long as Employee is willing to serve on the Board and has not been terminated for cause, the Board shall nominate Employee for election to the Board. Failure to elect to, or removal from, the Board of Directors shall not constitute resignation from or termination of employment as Chief Executive Officer. Failure to elect to, or removal from, the position of director or Chief Executive Officer or termination of this Agreement for any reason shall not constitute resignation from the Board of Directors or termination of Employee’s 's service on the BoardBoard and termination of employment as Chief Executive Officer shall not include termination as a director.
Appears in 2 contracts
Samples: Employment Agreement (Allied Motion Technologies Inc), Employment Agreement (Allied Motion Technologies Inc)
Service on the Board. So long as Employee is willing to serve on the Board and has not been terminated for cause, the Board shall nominate Employee for election to the Board. Failure to elect to, or removal from, the Board of Directors shall not constitute resignation from or termination of employment as Chief Executive Financial Officer. Failure to elect to, or removal from, the position of Chief Executive Financial Officer or termination of this Agreement for any reason shall not constitute resignation from the Board of Directors or termination of Employee’s service on the Board.
Appears in 1 contract
Samples: Employment Agreement (Allied Motion Technologies Inc)
Service on the Board. So long as Employee is willing to serve on the Board and has not been terminated for cause, the Board shall nominate Employee for election to the Board. Failure to elect to, or removal from, the Board of Directors shall not constitute resignation from or termination of employment as Chief Executive Officer. Failure to elect to, or removal from, the position of director or President and Chief Executive Officer or termination of this Agreement for any reason shall not constitute resignation from the Board of Directors or termination of Employee’s 's service on the BoardBoard and termination of employment as President and Chief Executive Officer shall not include termination as a director.
Appears in 1 contract
Samples: Employment Agreement (Hathaway Corp)