Service as Director Clause Example with 4 Variations from Business Contracts

This page contains Service as Director clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Service as Director. As of the Effective Date, Executive is serving as a member of the Company's Board of Directors. For as long as Executive shall continue to serve as Chief Executive Officer, he shall stand for re-election to such position at each annual meeting of the Company's stockholders. Executive's failure to be re-elected to the Board, in and of itself, shall not constitute a termination of this Agreement (and shall not constitute a Termination for Cause or a resignation by Executive for Good Reason, each a...s defined in this Agreement), nor shall it entitle Executive to any severance benefits. Pursuant to the Company's policies, for the duration of this Agreement, Executive will fulfill his duties as a director without additional compensation. This Agreement shall not in any way be construed or interpreted so as to affect adversely or otherwise impair the right of the Company or the stockholders to remove the Executive from the Board at any time in accordance with the provisions of applicable law. View More
Found in Optex Systems Holdings Inc contract

Variations of a "Service as Director" Clause from Business Contracts

Service as Director. As of the Effective Date, Executive is serving as a member of the Company's Board of Directors. Board. For as long as Executive shall continue to serve as Chief Executive Officer, a member of the Board, he shall stand for re-election to such position at each annual meeting of the Company's stockholders. Executive's failure to be re-elected to the Board, in and of itself, shall not constitute a termination of this Agreement (and shall not constitute a Termination for Cause or a resignation by Exe...cutive for Good Reason, each as defined in this Agreement), nor shall it entitle Executive to any severance benefits. Pursuant to the Company's policies, for the duration of this Agreement, Executive will fulfill his duties as a director without additional compensation. This Agreement shall not in any way be construed or interpreted so as to affect adversely or otherwise impair the right of the Company or the stockholders to remove the Executive from the Board at any time in accordance with the provisions of applicable law. 3 3. Term. The term of this Agreement shall run for a period of from the Effective Date through November 20, 2018 (such period, the "Initial Term"), and may be terminated earlier as contemplated by Section 8.A. Following the expiration of the Initial Term, this Agreement shall renew for successive, additional one-year terms (any subsequent extension period being an "Extension Term", and the period in which this Agreement is in effect being the "Term") unless the Board or Executive provides notice of intent not to renew this Agreement at least thirty days' prior to the expiration of the Initial Term or any Extension Term. Termination of this Agreement due to its non-renewal shall not constitute a Termination for Cause or a resignation by Executive for Good Reason. View More
Found in CROSSROADS SYSTEMS INC contract
Service as Director. As of the Effective Date, Executive is serving as a member of the shall continue to serve on Company's Board of Directors. For as long as Executive shall continue to serve as President and Chief Executive Officer, he shall stand for re-election to such position at each annual meeting of the Company's stockholders. Executive's failure to be re-elected to the Board, in and of itself, shall not constitute a termination of this Agreement (and shall not constitute a Termination for Cause or a resigna...tion by Executive for Good Reason, each as defined in this Agreement), nor shall it entitle Executive to any severance benefits. Pursuant to the Company's policies, for the duration of this Agreement, Executive will fulfill his duties as a director without additional compensation. This Agreement shall not in any way be construed or interpreted so as to affect adversely or otherwise impair the right of the Company or the stockholders to remove the Executive from the Board at any time in accordance with the provisions of applicable law. 3 3. Term. The term of this Agreement shall run for a period from the Effective Date through September 30, 2019 (such period, the "Term"), and may be terminated earlier as contemplated by Section 8.A. Termination of this Agreement due to its non-renewal shall not constitute a Termination for Cause or a resignation by Executive for Good Reason. View More
Found in Command Center, Inc. contract
Service as Director. As of the Effective Date, Executive is serving as a member of the Company's Board of Directors. For as long as Executive shall continue to serve as Chief Executive Officer, he shall make himself available to stand for re-election to such position at each annual meeting of the Company's stockholders. Executive's failure to be re-elected to the Board, in and of itself, shall not constitute a termination of this Agreement (and shall not constitute a Termination for Cause or a resignation by Executi...ve for Good Reason, each as defined in this Agreement), nor shall it entitle Executive to any severance benefits. Pursuant to the Company's policies, policies and practices, for the duration of this Agreement, Executive will fulfill his duties as a director without additional compensation. This Agreement shall not in any way be construed or interpreted so as to affect adversely or otherwise impair the right of the Company or the stockholders to remove the Executive from the Board at any time in accordance with the provisions of applicable law. 2 3. Term. The term of this Agreement shall run from the Effective Date through November 30, 2025 (such period, the "Term"), and may be terminated earlier as contemplated by Section 8.A. Termination of this Agreement due to its non-renewal shall not constitute a Termination for Cause or a resignation by Executive for Good Reason. View More
Found in Optex Systems Holdings Inc contract
Service as Director. As of the Effective Date, Executive is serving as a member of the Company's shall continue to serve on Parent's Board of Directors. For as long as Executive shall continue to serve as President and Chief Executive Officer, he shall stand for re-election to such position at each annual meeting of the Company's Parent's stockholders. Executive's failure to be re-elected to the Board, in and of itself, shall not constitute a termination of this Agreement (and shall not constitute a Termination for ...Cause or a resignation by Executive for Good Reason, each as defined in this Agreement), nor shall it entitle Executive to any severance benefits. Pursuant to the Company's Parent's policies, for the duration of this Agreement, Executive will fulfill his duties as a director without additional compensation. This Agreement shall not in any way be construed or interpreted so as to affect adversely or otherwise impair the right of the Company Parent or the stockholders to remove the Executive from the Board at any time in accordance with the provisions of applicable law. View More
Found in Command Center, Inc. contract