Common use of Resignation from Board of Directors Clause in Contracts

Resignation from Board of Directors. If the Executive is a director of the Post-Transaction Corporation or any of its Affiliates and his status as an officer and employee is terminated for any reason other than death, the Executive will, if requested by the Post-Transaction Corporation, immediately resign as a director of the Post-Transaction Corporation and its Affiliates. If such resignation is not received within 20 business days after the Executive actually receives written notice from the Post-Transaction Corporation requesting the resignation, the Executive will forfeit any right to receive any payments pursuant to this Agreement.

Resignation from Board of Directors. If the Executive is a director of the Post-Transaction Corporation or any of its Affiliates Company and his status as an officer and employee is terminated for any reason other than death, the Executive willshall, if requested by the Post-Transaction CorporationCompany, and as a condition to be paid or reimbursed any amounts or benefits hereunder, immediately resign as a director of the Post-Transaction Corporation and its Affiliates. If such resignation is not received within 20 business days after the Executive actually receives written notice from the Post-Transaction Corporation requesting the resignation, the Executive will forfeit any right to receive any payments pursuant to this AgreementCompany.

Resignation from Board of Directors. If the Executive is a director of the Post-Transaction Corporation or any of its Affiliates Company and his status as an officer and employee is terminated for any reason other than death, the Executive willshall, if requested by the Post-Transaction CorporationCompany, immediately resign as a director of the Post-Transaction Corporation Company and its Affiliatessubsidiaries. If such resignation is not received within 20 business days after the Executive actually receives written notice from the Post-Transaction Corporation Company requesting the resignation, the Executive will shall forfeit any right to receive any payments pursuant to this Agreement.

Resignation from Board of Directors. If the Executive is a director of the Post-Transaction Corporation or any of its Affiliates and his status as an officer and employee employment is terminated for any reason other than death, the Executive will, if requested by the Post-Transaction Corporation, immediately resign as a director of the Post-Transaction Corporation and its Affiliates. If such resignation is not received within 20 business days after the Executive actually receives written notice from the Post-Transaction Corporation requesting the resignation, the Executive will forfeit any right to receive any payments pursuant to this Agreement.

Resignation from Board of Directors. If the Executive is a director of the Post-Transaction Corporation or any of its Affiliates Company and his status as an officer and employee her employment is terminated for any reason other than death, the Executive will, if requested by the Post-Transaction CorporationCompany, immediately resign as a director of the Post-Transaction Corporation Company and its Affiliates. If such resignation is not received within 20 business days after the Executive actually receives written notice from the Post-Transaction Corporation Company requesting the resignation, the Executive will forfeit any right to receive any payments pursuant to this Agreement.

Resignation from Board of Directors. If the Executive is a director of the Post-Transaction Corporation or any of its Affiliates and his her status as an officer and employee is terminated for any reason other than death, the Executive will, if requested by the Post-Transaction Corporation, immediately resign as a director of the Post-Transaction Corporation and its Affiliates. If such resignation is not received within 20 business days after the Executive actually receives written notice from the Post-Transaction Corporation requesting the resignation, the Executive will forfeit any right to receive any payments pursuant to this Agreement.

Resignation from Board of Directors. If the Executive is a director of the Post-Transaction Corporation or any of its Affiliates and his status as an officer and employee is terminated for any reason other than death, the Executive willshall, if requested by the Post-Transaction Corporation, immediately resign as a director of the Post-Transaction Corporation and its Affiliates. If such resignation is not received within 20 business days after the Executive actually receives written notice from the Post-Transaction Corporation requesting the resignation, the Executive will shall forfeit any right to receive any payments pursuant to this Agreement.

Resignation from Board of Directors. If In the event Executive’s employment is terminated in accordance with this Agreement or Executive is a director resigns as Chief Executive Officer of the Post-Transaction Corporation Company or any of its Affiliates otherwise becomes unaffiliated with the Company, Executive shall, and does hereby agree to, tender his status as an officer and employee is terminated for any reason other than death, the Executive will, if requested by the Post-Transaction Corporation, immediately resign as a director of the Post-Transaction Corporation and its Affiliates. If such written resignation is not received within 20 business days after the Executive actually receives written notice from the PostBoard effective on the date of termination, resignation or non-Transaction Corporation requesting the resignation, the Executive will forfeit any right to receive any payments pursuant to this Agreementaffiliation.

Resignation from Board of Directors. If the Executive is a director of the Post-Transaction Corporation or any of its Affiliates Company and his status as an officer and employee employment is terminated for any reason other than death, the Executive will, if requested by the Post-Transaction CorporationCompany, immediately resign as a director of the Post-Transaction Corporation Company and its Affiliates. If such resignation is not received within 20 business days after the Executive actually receives written notice from the Post-Transaction Corporation Company requesting the resignation, the Executive will forfeit any right to receive any payments pursuant to this Agreement.

Resignation from Board of Directors. If the Executive is a director of the Post-Transaction Corporation or any of its Affiliates and his status as an officer and employee is terminated for any reason other than death, the Executive willshall, if requested by the Post-Post- Transaction Corporation, immediately resign as a director of the Post-Transaction Corporation and its Affiliatessubsidiaries. If such resignation is not received within 20 business days after the Executive actually receives written notice from the Post-Post- Transaction Corporation requesting the resignation, the Executive will shall forfeit any right to receive any payments pursuant to this Agreement.. (e)

Resignation from Board of Directors. If the Executive is a director of the Post-Transaction Corporation Company or any of its Affiliates and his status as an officer and employee is terminated for any reason other than death, the Executive willshall, if requested by the Post-Transaction CorporationCompany or its affiliates, as the case may be, and as a condition to be paid or refunded any amounts or benefits hereunder, immediately resign as a director of the Post-Transaction Corporation and its Affiliates. If such resignation is not received within 20 business days after Company or the Executive actually receives written notice from affiliates, as the Post-Transaction Corporation requesting the resignation, the Executive will forfeit any right to receive any payments pursuant to this Agreementcase may be.

Resignation from Board of Directors. If the Executive is a director of the Post-Transaction Corporation or any of its Affiliates Company and his status as an officer and employee employment is terminated for any reason other than death, the Executive will, if requested by the Post-Transaction CorporationCompany, immediately resign as a director of the Post-Transaction Corporation Company and its Affiliates. If such resignation is not received within 20 business days after the Executive actually receives 12 written notice from the Post-Transaction Corporation Company requesting the resignation, the Executive will forfeit any right to receive any payments pursuant to this Agreement.