Examples of Chairman Agreement in a sentence
The Executive Chairman Agreement provides that if, at the Board’s election, Mr. Price’s service as Executive Chairman ends before October 16, 2018, he will receive a lump sum payment in respect of the annual base salary he would have received had he continued to serve as Executive Chairman through such date.
Mr. Price, under the terms of the Executive Chairman Agreement, is subject to customary non-solicitation and non-competition covenants for the duration of his service as Executive Chairman and for a period of twelve months and six months thereafter, respectively.Employment Agreements with Messrs.
The Grantee understands and acknowledges that the Grantee’s Services to the Company is dictated by the Chairman Agreement.
The parties agree that they will use their best efforts to amicably resolve any dispute arising out of or relating to this Chairman Agreement.
To approve an extension to the Active Chairman Agreement between the Company and Mr. Edouard Cukierman, the Company’s Chairman of the Board, as more fully described in the Proxy Statement.
If any term of this Chairman Agreement is held by a court of competent jurisdiction to be invalid or unenforceable, then this Chairman Agreement, including all of the remaining terms, will remain in full force and effect as if such invalid or unenforceable term had never been included.
Headings used in this Chairman Agreement are provided for convenience only and shall not be used to construe meaning or intent.
In the event the Company offers such a plan, Company agrees to include Chairman, including Chairman’s immediate family, at the Chairman’s option, in a group medical and hospital insurance plan the Company may offer during this Chairman Agreement.
For avoidance of doubt, Section 6 of the Chairman Agreement is incorporated herein.
Under the Chairman Agreement, as additional compensation for acting as a part-time, non-executive Chairman of the Board, Mr. Hall was also entitled to receive such number of restricted common shares as is equal to 25% of the number of Common Shares purchased by Mr. Hall in the first financing (or purchase on the TSX or other secondary market on which the Common Shares trade) following September 9, 2014, up to a maximum of US$150,000 in Common Shares purchased by Mr. Hall.