Common use of Resignation as Director Clause in Contracts

Resignation as Director. Upon the Company’s written request, Executive agrees to promptly resign as a member of the Company’s Board of Directors following any termination of his employment with the Company (or any parent or subsidiary of the Company).

Appears in 17 contracts

Samples: Severance and Change of Control Agreement (Phoenix Technologies LTD), Severance and Change of Control Agreement (Phoenix Technologies LTD), Severance and Change of Control Agreement (Phoenix Technologies LTD)

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Resignation as Director. Upon the CompanyExecutive’s written requesttermination of employment for any reason, Executive agrees to promptly resign as a member of the CompanyEmployer’s Board of Directors following Directors, if Executive is a director at the time of termination, and to resign from any termination of his and all other offices and positions related to Executive’s employment with Employer and held by Executive at the Company (or any parent or subsidiary time of the Company)termination.

Appears in 5 contracts

Samples: Employment Agreement (Alliance Financial Corp /Ny/), Employment Agreement (Alliance Financial Corp /Ny/), Employment Agreement (Alliance Financial Corp /Ny/)

Resignation as Director. Upon In the Companyevent that the Executive’s written requestemployment is terminated by the Company for cause, the Executive agrees to promptly immediately resign as a member director of the Company and any related entities. For the purposes of this Section 16, the term “the Company” will be deemed to include subsidiaries, parents, and affiliates of the Company’s Board of Directors following any termination of his employment with the Company (or any parent or subsidiary of the Company).

Appears in 4 contracts

Samples: Executive Employment Agreement (Arkanova Energy Corp.), Executive Employment Agreement (Arkanova Energy Corp.), Executive Employment Agreement (Arkanova Energy Corp.)

Resignation as Director. Upon Executive agrees that in the Company’s written requestevent that this Agreement or his employment under this Agreement is terminated, Executive agrees to promptly shall resign as a member director of the Company’s Board of Directors following any termination of his employment with the Corporation, Bank, Services Company (or any parent of their affiliates or subsidiary subsidiaries, if he is then serving as a director of the Company)any such entities.

Appears in 4 contracts

Samples: Employment Agreement (Sun Bancorp Inc), Employment Agreement (Sun Bancorp Inc), Employment Agreement (Sun Bancorp Inc)

Resignation as Director. Upon Executive agrees that in the Company’s written requestevent that this Agreement or his employment under this Agreement is terminated, Executive agrees to promptly shall resign as a member director of the Company’s Board of Directors following any termination of his employment with the Company (Corporation, Bank or any parent of their affiliates or subsidiary subsidiaries, if he is then serving as a director of the Company)any such entities.

Appears in 3 contracts

Samples: Employment Agreement (Sun Bancorp Inc), Employment Agreement (Sun Bancorp Inc), Employment Agreement (Sun Bancorp Inc)

Resignation as Director. Upon the CompanyExecutive’s written requesttermination of employment for any reason, Executive agrees to promptly resign as a member of the CompanyBoard, if Executive is a director at the time of termination, and to resign from any and all other offices and positions related to Executive’s Board of Directors following any termination of his employment with the Company (or any parent or subsidiary and its subsidiaries and held by Executive at the time of the Company)termination.

Appears in 3 contracts

Samples: Executive Employment Agreement (American International Holdings Corp.), Executive Employment Agreement (American International Holdings Corp.), Employment Agreement (Trxade Group, Inc.)

Resignation as Director. Upon If, on termination of this Agreement, the Company’s written request, Executive agrees to promptly resign as is a member director of the Company’s Board , Group Company or any Related Body Corporate, the Executive must resign as director of Directors following any termination of his employment with the Company that company (or any parent or subsidiary of companies where the Executive holds multiple directorships) and will release the Company), Group Company and Related Body Corporate from liability in respect of completing the resignation of such directorships.

Appears in 1 contract

Samples: Novogen LTD

Resignation as Director. Upon the Company’s written request, notice to Executive agrees to promptly resign as a member of the Company’s Board of Directors following any termination of his that Executive's employment with the Company (Corporation is terminated hereunder for any reason, he hereby agrees to resign immediately as director of the Corporation, the Bank, or any parent subsidiary or subsidiary entity affiliated with either upon whose board of directors he is a member, effective upon the Company)date of termination of employment. The Executive hereby agrees that the Corporation shall have the right to suspend any payments to or on behalf of Executive under this Agreement until this provision is complied with by Executive.

Appears in 1 contract

Samples: Employment Agreement (Mason George Bankshares Inc)

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Resignation as Director. Upon the Company’s written request, Executive agrees to promptly resign as a member of the Company’s Board of Directors following any termination of his employment with the Company (or any parent or subsidiary of the Company).

Appears in 1 contract

Samples: Employment Agreement (Synnex Corp)

Resignation as Director. Upon the Company’s written request, Executive agrees to promptly resign as a member of the Company’s (or any Company subsidiary’s) Board of Directors following any termination of his employment with the Company (or any parent or subsidiary of the Company).

Appears in 1 contract

Samples: Severance and Change of Control Agreement (Phoenix Technologies LTD)

Resignation as Director. Upon the Company’s written requestexecution of this Agreement, Executive agrees to promptly resign hereby resigns as a member Director of the Company’s Board Corporation and each of Directors following any termination of his employment with the Company (or any parent or subsidiary of the Company)its subsidiaries on whose Boards he is serving.

Appears in 1 contract

Samples: Agreement (Spectran Corp)

Resignation as Director. Upon In the Companyevent that Executive’s written requestemployment with the Company is terminated for any reason whatsoever, Executive agrees to promptly immediately resign as a member Director of the Company and any related entities. For the purposes of this Section 15, the term the "Company" shall be deemed to include subsidiaries, parents, and affiliates of the Company’s Board of Directors following any termination of his employment with the Company (or any parent or subsidiary of the Company).

Appears in 1 contract

Samples: Executive Employment Agreement (Arkanova Energy Corp)

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