Common use of Executive Positions Clause in Contracts

Executive Positions. Executive voluntarily resigns from his positions of Secretary of Company, effective as of the Effective Date of this Agreement (the "Resignation Date") and the Company accepts such resignation. (All parties acknowledge that this Agreement has no effect on Executive's rights and obligations as a Director of Company.) In connection with the termination of Executive's employment on the Resignation Date, the Parties acknowledge and agree that the Employment Agreement shall automatically terminate on such date; provided, however, that any sections regarding confidentiality, non-solicitation), return of property, and injunctive relief and enforcement of the Employment Agreement shall survive the termination of the Employment Agreement.