Board Resignation. Upon termination of Executive’s employment for any reason, Executive agrees to resign, as of the date of such termination and to the extent applicable, as an officer and director of the Company and all of its subsidiaries and affiliates.
Board Resignation. Upon termination of the Employee’s employment for any reason, the Employee agrees to resign (or that he may be removed), as of the date of such termination and, to the extent applicable, from the Holdco Board and any committees thereof and any boards or similar governing bodies of any subsidiaries or affiliates of PGA and the Company.
Board Resignation. Employee agrees to resign from all positions as an officer or director to which he has been elected or appointed for the Company, and its affiliates, subsidiaries, or related corporations.
Board Resignation. The directors of the Acquired Company shall have tendered their resignation from the Board of Directors of the Acquired Company; provided, however, that one of the Founding Stockholders to be selected by the Founding Stockholders shall be appointed at Closing to serve on the Acquired Company's Board of Directors for a period of one (1) year after Closing, and the remaining two Founding Stockholders shall be entitled to receive notices of, attend and observe meetings of the Acquired Company's Board occurring after Closing for a period of one (1) year after Closing.
Board Resignation. On the date of Closing, Seller shall deliver the resignation of Xxxxxxx X. Xxxxxx from the Board of Directors of Company.
Board Resignation. Energen shall have no obligation under Sections 3 and 4 hereof if Executive shall not, promptly after the Date of Termination and upon receiving a written request to do so, resign from each officer and/or director position which Executive then holds with Energen and any Subsidiary.
Board Resignation. Upon the Executive's cessation of employment with the Company for any reason whatsoever, the Executive shall thereupon be deemed to have resigned from the Board of Holding, the Company and of every Subsidiary on which he shall then be serving, and of any other company in which the Executive is then serving as a director at the request of the Company or Holding, in each case effective as of the date of cessation.
Board Resignation. You agree that effective December 31, 2010 you will resign from the various Mymetics’ Boards of Directors on which you serve as a director.
Board Resignation. Immediately following the appointment of the Investor Nominees pursuant to clause (b), in accordance with the Charter and Bylaws, the following current members of the Board shall resign from (i) the Board, (ii) the board of directors or similar governing body of any subsidiary of the Company and (iii) any committee of (x) the Board and (y) the board of directors or similar governing body of any subsidiary of the Company: Xxxx XxXxxxxx, Xxx XxXxxxxxx, Xxxxxxx Xxxxx, Xxxx-Xxxxxx Xxxxxx and Xxxx Xxxxx (each, a “Resigning Director”).
Board Resignation. If Optionee ceases to be a Board member for any reason other than that described in this Section 10, Optionee will have the right, subject to the other provisions of this Agreement, to exercise the Option for the term of the Option but only to the extent that on the date of termination the Optionee’s right to exercise such Option had vested, and at the end of such period the Option will expire, and all rights to exercise it will terminate.
