Resignation and Release. As a condition precedent to the obligations of the Company to redeem the Shares and pay the purchase price for such Shares, (a) the Officers shall resign from their positions as officers and directors of the Company and deliver such resignations in writing to the Corporation, and (b) the Shareholder and the Officers shall deliver a written release to the Company in the form attached hereto as Schedule B (the “Release Letter”).
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Sources: Stock Redemption Agreement (International Development & Environmental Holdings)
Resignation and Release. As a condition precedent to the obligations of the Company to redeem the Shares and pay the purchase price for such Shares, (a) the Officers Shareholder shall resign from their his positions as officers an officer and directors director of the Company and deliver such resignations in writing to the Corporation, and (b) the Shareholder and the Officers shall deliver a written release to the Company in a form acceptable to the form attached hereto as Schedule B Company (the “Release Letter”).
Appears in 1 contract
Sources: Stock Redemption Agreement (Northern Empire Energy Corp.)
Resignation and Release. As a condition precedent to the obligations of the Company to redeem the Shares and pay the purchase price for such Shares, (a) the Officers Shareholder shall resign from their her positions as officers an officer and directors director of the Company and deliver such resignations in writing to the Corporation, and (b) the Shareholder and the Officers shall deliver a written release to the Company in a form acceptable to the form attached hereto as Schedule B Company (the “Release Letter”).
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