Waiver Of Notice Of Meeting
I. Purpose
This Waiver Agreement ("Agreement") is designed to facilitate the participation of board members who are unable to attend a meeting physically but wish to engage in the proceedings remotely.
II. Parties Involved
This Agreement is made between [YOUR COMPANY NAME], represented by its board of directors, hereinafter referred to as "[YOUR COMPANY NAME]", and the undersigned board member, hereinafter referred to as "[YOUR NAME]".
III. Understanding and Acknowledgment
By signing this Agreement, [YOUR NAME] acknowledges and agrees to the following:
[YOUR NAME] is aware of the scheduled board meeting to be held on [MEETING DATE] at [MEETING LOCATION].
Due to circumstances preventing physical attendance, [YOUR NAME] intends to participate in the meeting remotely.
[YOUR NAME] understands and accepts that by waiving notice, they may not have the same level of participation as physically present members.
IV. Waiver of Notice
In accordance with the bylaws of [YOUR COMPANY NAME], [YOUR NAME] hereby waives any requirement for formal notice of the board meeting scheduled for [MEETING DATE].
V. Remote Participation
[YOUR NAME] agrees to participate in the board meeting remotely via [REMOTE PARTICIPATION METHOD] and to make reasonable efforts to ensure effective communication.
VI. Confidentiality
[YOUR NAME] acknowledges the confidential nature of board discussions and agrees to maintain confidentiality regarding all matters discussed during the meeting.
VII. Release and Indemnification
[YOUR NAME] releases [YOUR COMPANY NAME] from any liability arising from their remote participation in the board meeting and agrees to indemnify and hold harmless [YOUR COMPANY NAME] from any claims, damages, or losses incurred as a result of [YOUR NAME]'s participation.
VIII. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of [YOUR JURISDICTION], without regard to its conflict of law provisions.
IX. Execution
This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. This Agreement may be executed and delivered electronically.
X. Signature
[Participant's Name]
[Date]
XI. Witness
[Your Name]
[Your Company Name]
[Date]
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