Example ContractsClausesMembership
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Membership. The Committee shall consist of at least three persons who shall be officers or directors of the Corporation or Eligible Employees. Members of the Committee shall be appointed from time to time by, and shall serve at the pleasure of, the Chief Human Resources Officer of the Corporation (the “CHRO”). The CHRO shall appoint one of the members of the Committee to serve as chairman. If the CHRO does not appoint a chairman, the Committee, in its discretion, may elect one of its members as chairman. The Committee shall appoint a Secretary who may be but need not be, a member of the Committee. The Committee shall not receive compensation for its services. Committee expenses shall be paid by the Corporation.

Membership. The Parties shall, as soon as practicable and, in any event, no later than ​ days after the Effective Date, form a joint steering committee (the “Joint Steering Committee” or “JSC”). The Joint Steering Committee shall consist of # ​ to be selected by mutual agreement of Caribou and , # ​ representatives of Caribou and # ​ representatives of ; provided that the Parties may agree in writing to a different ​ number of representatives. Unless the Parties agree differently in writing, the JSC shall be chaired by ​ (the “Committee Chair”). At least ​ representative from each Party shall have the authority to make decisions on behalf of and bind such Party within the scope of the authority of the JSC. Subject to the foregoing, each Party may replace its representatives to the Joint Steering Committee at any time upon written notice to the other Party and the Committee Chair may be replaced only upon the mutual written agreement of both Parties.

Board Membership. Upon the termination of Executive's employment for any reason, Executive will be deemed to have resigned from any seat on the Board (and from any seats on the boards, and from any offices, of subsidiaries) held at such time, voluntarily, without any further required action by the Executive, as of the end of the Employment Term. Executive, at the Board's request, will execute any documents necessary to reflect his resignation.

The Assignee agrees to issue to Richard F. Parker & Charlotte B. Parker Revocable Living Trust u/t/d 01/16/2020, by Charlotte Parker as Trustee, a 25% equity interest in the Assignee based on that certain equity option provision for Membership Interests granted pursuant to the Chief Research Officer ("CRO") Agreement with Richard Parker of even date herewith between the Assignee and Richard Parker. Richard Parker shall irrevocably hold the voting proxy for such Membership Interests. If Richard Parker shall be no longer be the CRO for any reason, then these Membership Interests shall become nonvoting.

Club Membership. A club membership will be provided by Employer for Executive to at least one country club in the South Bend region for purposes of business entertainment and use with the initiation fees, monthly fee and appropriate business-related expenses paid by Employer. This provision is conditioned on Employer continuing to offer such a benefit to other senior officers of the Bank. If such benefit is withdrawn from such other officers, then it may be withdrawn under this Agreement by Employer in its sole discretion and this section shall thus become null and void.

DR has been appointed a member of the Board, and DR has accepted such appointment.

Club Membership. A club membership will be provided by Employer if desired by Executive to either one country club or one downtown social club, located in either case in Executive’s home community, with the initiation fee, monthly fees and appropriate business related expenses paid by Employer.

Faculty Membership. The Company acknowledges that Consultant is a member of the faculty of the University of Texas at Austin (the “Institution”); that Consultant is subject to the Institution’s policies, as they may be revised from time to time, including, among others, policies concerning consulting, conflicts of interests, publications and intellectual property; and that in the event of a specific, irreconcilable conflict between any provision of this Agreement and an applicable Institution policy, the Institution policy shall govern.

No Borrower will, and no Borrower will permit any of the other Loan Parties to, elect to treat or permit any of its Subsidiaries to # treat its limited liability company membership interests or partnership interests, as the case may be, as securities as contemplated by the definition of "security" in [Section 8-102(15)] and by [Section 8-103] of Article 8 of Uniform Commercial Code or # certificate its limited liability company membership interests or partnership interests, as the case may be (to the extent not certificated as of the Closing Date).

Seller’s Membership Interest. Seller’s Membership Units are duly and validly authorized, fully paid and non-assessable, and are owned by Seller free and clear of any liens or encumbrances. No such membership unit was issued in violation of any preemptive or similar rights.

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