Serving as a Director Clause Samples
The 'Serving as a Director' clause defines the terms and conditions under which an individual may act as a director of a company. It typically outlines eligibility requirements, the process for appointment and removal, and the expected duties and responsibilities of directors. For example, it may specify that directors must meet certain qualifications or that their service is subject to shareholder approval. This clause ensures clarity regarding the governance structure of the company and helps prevent disputes by clearly delineating the rules for board membership and director conduct.
Serving as a Director. During the Consulting Period, the Consultant agrees, if requested by the Board of Directors of the Company and elected by the stockholders of the Company, to serve as a director of the Company. If the Consultant is elected as a director of the Company, in addition to the compensation provided for in Section 3 hereof, the Consultant will be paid for his services as a director the compensation paid to the other non-employee directors of the Company for their services as directors of the Company
Serving as a Director. ▇▇▇▇▇▇▇▇▇ agrees to continue to serve as a director on the Board and complete the term which expires with the shareholder meeting in 2010. Subject to the policies and procedures that define the process by which an incumbent director is nominated by the Corporate Governance Committee and full Board to serve an additional term as a director, it is expected that ▇▇▇▇▇▇▇▇▇ will continue to be nominated to serve as a director until the shareholder meeting in 2012. Continuation as a director-nominee for successive annual terms from 2010 till 2012 will be determined by the Corporate Governance Committee of the Board and conditioned on adherence to the Corporate Governance Guidelines governing the nomination and election of all directors of MAA. Nothing in this Agreement will over-ride or supersede the policies and guidelines outlined in MAA’s Corporate Governance Guidelines concerning nomination, election, responsibilities and actions as a director of MAA. In all instances, the election of ▇▇▇▇▇▇▇▇▇ to the Board must be approved by the shareholders of the Company.
Serving as a Director. During the Term of this Agreement, Executive will serve as a Director on the Board of Directors of First Federal. In addition, once employed as the President and Chief Executive Officer of the Company, the Company’s Board of Directors will use reasonable efforts to nominate and recommend Executive for election to the Company’s Board of Directors. If ultimately elected by the Company’s shareholders, Executive will then also serve as a Director on the Board of Directors of the Company.
Serving as a Director. During the Term of this Agreement, Executive will serve as a director on the Bank's board of directors. In addition, the Company will use its best efforts to nominate and recommend Executive for election to the Company's board of directors. If elected by the Company's shareholders, Executive will serve as a director on the Company's board of directors.