Common use of Resignation as Director Clause in Contracts

Resignation as Director. In the event that Employee’s employment terminates for any reason, he shall be deemed to have immediately tendered his resignation as a director on Employer’s (and any of Employer’s affiliates) Board of Directors, and such Boards may accept such resignation in their discretion effective upon the termination date without further action by the Employee.

Resignation as Director. In If Employee is a director of the event that Employee’s Company and his employment terminates is terminated for any reasonreason other than death, he shall be deemed to have the Employee shall, if requested by the Company, immediately tendered his resignation resign as a director on Employer’s (and any of Employer’s affiliates) Board of Directors, and such Boards may accept the Company. If such resignation in their discretion effective upon is not received when so requested, the termination date without further action by the EmployeeEmployee shall forfeit any right to receive any payments pursuant to this Agreement.

Resignation as Director. In the event that Upon Employee’s 's termination of employment terminates for any reason, he shall be deemed Employee agrees to have immediately tendered his resignation resign as a director on Employer’s (and any member of Employer’s affiliates) 's Board of Directors, if Employee is a director at the time of termination, and such Boards may accept such resignation in their discretion effective upon to resign from any and all other offices and positions related to Employee's employment with Employer and held by Employee at the termination date without further action by the Employeetime of termination.

Resignation as Director. In the event that Employee becomes a director of the Company during the initial Term or any subsequent one-year term of this Agreement, and Employee’s employment terminates is terminated for any reason, he shall be deemed Employee agrees to have immediately tendered his resignation as a director on Employerresign from the Company’s (and any of Employer’s affiliates) Board of Directors, and such Boards may accept such resignation in their discretion effective or any committees thereof, immediately upon the termination date without further action by request of the EmployeeBoard of Directors.

Resignation as Director. In The Employee agrees that if, at the event that Employee’s time of his termination of employment terminates with the Company for any reason, he is then a member of the Board, he shall be deemed offer to have immediately tendered his resignation the Board to resign as a director on Employer’s (and any member of Employer’s affiliates) Board of Directorsthe Board, and if such Boards may accept such offer of resignation in their discretion effective upon the termination date without further action is accepted by the EmployeeBoard, he shall immediately resign as a member of the Board.

Resignation as Director. In the event that Employee’s Employee either voluntarily terminates his employment terminates for any reasonhereunder, he or is terminated by Employer pursuant to paragraph 5(c) hereunder, then, in either of those events, Employee shall be deemed to have immediately tendered offered his resignation as a director on Employer’s (and any member of Employer’s affiliates) the Board of DirectorsDirectors of Employer without any further notification to or from Employee, and without any formal letter of resignation beyond his signature at the end of this Agreement which shall provide such Boards may accept such resignation in their discretion effective upon the termination date without further action by the Employeenotification.

Resignation as Director. In the event that Upon Employee’s termination of employment terminates for any reason, he shall be deemed Employee agrees to have immediately tendered his resignation resign as a director on Employer’s (and any member of Employer’s affiliates) Board of Directors, if Employee is a director at the time of termination, and such Boards may accept such resignation in their discretion effective upon to resign from any and all other offices and positions related to Employee’s employment with Employer and held by Employee at the termination date without further action by the Employeetime of termination.

Resignation as Director. In the event that Upon Employee’s termination of employment terminates for any reason, he shall be deemed Employee agrees to have immediately tendered his resignation resign as a director on Employer’s (and any member of Employer’s affiliates) Board of Directors, if Employee is a director at the time of termination, and such Boards may accept such resignation in their discretion effective upon to resign from any and all other offices and positions related to Employee’s employment with Employer and held by Employee at the termination date without further action by the Employeetime of termination. 5.