Common use of Consequence of Termination Clause in Contracts

Consequence of Termination. 10.1 Upon the termination of this Agreement howsoever arising, the Employee shall at any time or from time to time thereafter upon the request of the Company resign, without claim for compensation for loss of office, as a director of the Company and such offices held by him in any of the Group Companies as may be so requested and should he fail to do so, the Company is hereby irrevocably authorised to appoint some person in his name and on his behalf to sign and do any documents or things necessary or requisite to give effect thereto.

Appears in 3 contracts

Samples: Service Agreement (Montpelier Re Holdings LTD), Service Agreement (Montpelier Re Holdings LTD), Bermuda Service Agreement (Montpelier Re Holdings LTD)

AutoNDA by SimpleDocs

Consequence of Termination. 10.1 10.1. Upon the termination of this Agreement howsoever arising, the Employee Executive shall at any time or from time to time thereafter upon the request of the Company resign, without claim for compensation for loss of office, as a director of the Company and such offices held by him in any of the Group Companies as may be so requested and should he fail to do so, the Company is hereby irrevocably authorised to appoint some person in his name and on his behalf to sign and do any documents or things necessary or requisite to give effect thereto.

Appears in 2 contracts

Samples: Service Agreement (Montpelier Re Holdings LTD), Service Agreement (Montpelier Re Holdings LTD)

Consequence of Termination. 10.1 Upon the termination of this Agreement howsoever arising, the Employee Executive shall at any time or from time to time thereafter upon the request of the Company resign, without claim for compensation for loss of office, as a director of the Company and such offices held by him in any of the Group Companies as may be so requested and should he fail to do so, the Company is hereby irrevocably authorised to appoint some person in his name and on his behalf to sign and do any documents or things necessary or requisite to give effect thereto.

Appears in 2 contracts

Samples: Service Agreement (Montpelier Re Holdings LTD), Service Agreement (Montpelier Re Holdings LTD)

AutoNDA by SimpleDocs

Consequence of Termination. 10.1 Upon the termination of this Agreement howsoever arising, the Employee Executive shall at any time or from time to time thereafter upon the request of the Company resign, without claim for compensation for loss of office, as a director of the Company and such offices held by him in any of the Group Companies as may be so requested and should he fail to do so, the Company is hereby irrevocably authorised to appoint some person in his name and on his behalf to sign and do any documents or things necessary or requisite to give effect thereto.

Appears in 1 contract

Samples: Service Agreement (Montpelier Re Holdings LTD)

Time is Money Join Law Insider Premium to draft better contracts faster.