Resignation as Chief Executive Officer. Employee hereby resigns as Chief Executive Officer and as an executive officer of the Company as of the Effective Date, and the Company accepts such resignation. 2. Employment as Part-Time Employee. Commencing on the Effective Date, Employee shall become a part-time employee of the Company upon the terms and conditions set forth in this Agreement. 3.
Resignation as Chief Executive Officer. Appointment as Chief ----------------------------------------------------------------------- Technical Officer. ----------------- At some time after the Effective Date, the Board of Directors of the Company (the "Board") may determine that the new President is eligible to be appointed Chief Executive Officer. In this event, the Board will request that Executive resign his position as Chief Executive Officer effective as of the date specified by the Board, Executive will comply with such request, and, as of such specified date, Executive will no longer serve as Chief Executive Officer and will become Chief Technical Officer. Upon Executive becoming Chief Technical Officer, the parties agree that:
Resignation as Chief Executive Officer. Xx. Xxxxxxx and the Company acknowledge and agree that Xx. Xxxxxxx shall resign as Chief Executive Officer of the Company, effective as of the date on which the Company has hired a new Chief Executive Officer (the "Resignation Date"). In this regard, Xx. Xxxxxxx agrees that he shall use his best efforts to assist and cooperate with the Company in transitioning for a period of six months the day-to-day leadership of the Company to the Company's new Chief Executive Officer by meeting with the new Chief Executive Officer as reasonably requested by him and responding to requests for information to Xx. Xxxxxxx'x knowledge (including with respect to Pakistan and Europe) concerning past activities of the Company, its technologies, its future plans, its key employees, problems that may be facing the Company and suggested solutions for them, and similar matters, and by encouraging present key employees to assist and cooperate with the new Chief Executive Officer, and by making introductions to key suppliers and customers with whom Xx. Xxxxxxx is acquainted (the "CEO Transition Process"). Xx. Xxxxxxx acknowledges and agrees that in the event he fails to perform his obligations to the Company in the CEO Transition Process, or undertakes any actions regarding the activities of the Company that are not Requested Actions (as defined in Section 2(a)), such failure or action shall constitute an event of Cause (as such term is defined in Section 3(c) below) for termination of his position as Chairman of the Board and of the Consulting Arrangement after the Resignation Date and termination of the Company's obligations to him under this Agreement or otherwise.
Resignation as Chief Executive Officer. (a) Gang resigned from his position as chief executive officer of AlphaNet effective December 1, 2001. Notwithstanding the foregoing, Gang agrees to remain an employee of AlphaNet whose sole responsibility is to make himself reasonably available from time to time to the Chief Executive Officer and Board of Directors of the Company for consultation with reasonable notice and at times mutually agreeable to the parties during regular business hours on policy and significant and material developments and planning for the Company. Gang shall be entitled to make himself available, at his option, by telephone or other electronic method as he shall reasonably determine and need not provide consultation from any particular location or at any particular time except as aforesaid nor shall the Company require him to make himself available at such times, as Gang shall notify the Company in advance that he is on vacation or is otherwise unavailable. Gang will not be required to participate in the day to day operations of the business. (b) Notwithstanding anything to the contrary, as of December 1, 2002 Gang hereby waives any and all compensation and benefits to which employees of AlphaNet or any successor of AlphaNet would be otherwise entitled. Gang’s sole compensation and benefits as an employee is limited to the compensation and benefits specifically set forth in this Agreement. 2.
Resignation as Chief Executive Officer. As of January 8, 2020, Executive will be deemed to have resigned voluntarily from his position as Chief Executive Officer and as an officer and director of any of Parent’s subsidiaries or affiliates of Parent (including the Company), without any further required action by the Executive; provided however, if Parent or the Company requests, Executive will execute any documents necessary to reflect his resignation.
Resignation as Chief Executive Officer. Executive shall resign as an employee, officer and director of the Company and its Affiliates effective as of the close of business on the Termination Date (defined below). Notwithstanding any other written or oral agreements between the Company and Executive relating to Executive's employment or termination thereof, and all subsequent amendments thereto, including but not limited to the Employment Agreement, such resignation shall not be deemed to be a breach by Executive or the Company of any such agreements, and in consideration of the payments and benefits herein described, any and all terms set forth in such agreements, including but not limited to the Employment Agreement and the Income Plan, shall terminate and cease to have any effect as of the Effective Date. Executive agrees to execute all other documents that the Company requests that he execute to evidence his termination of employment, officerships and directorships with the Company and its Affiliates. Executive represents, understands and agrees that he will not, at any time, apply for, seek, or accept any employment with, and waives any right to employment with, the Company and its Affiliates.
Resignation as Chief Executive Officer. Effective on the close of business December 31, 2002, you will resign from your position as Chief Executive Officer of both the Holding Company and the Insurance Company as well as from all other positions as an officer of the Group. The only positions you will retain are Chairman of the Board of both the Holding Company and the Insurance Company and an employee of the Insurance Company. You understand that your resignation will be irrevocable and that no other action is required for it to become effective. You agree, however, to sign the additional letters of resignation in the form attached in Annex 1.
Resignation as Chief Executive Officer. Xxxxxx hereby resigns as Chief Executive Officer of the Company effective August 12, 2004 (the “Separation Date”), and the Company hereby accepts such resignation.
Resignation as Chief Executive Officer. Executive resigns as Chief Executive Officer of the Company effective immediately upon execution of this Agreement by both Executive and Company.
Resignation as Chief Executive Officer. Executive shall resign from his positions as the Company’s President, Chief Executive Officer and Secretary and as a member of the boards of directors of subsidiaries of the Company effective on October 23, 2012 (the “Effective Date”).
