Common use of Resignation from Positions Clause in Contracts

Resignation from Positions. Upon Executive's cessation of employment with the Company or UTi Worldwide for any reason, Executive agrees that Executive shall be deemed to have resigned as an officer and as a director from every entity and company of the UTi Group on which Executive is then serving as an officer or director, and any other entity on which Executive is then serving as a director or officer at the request of the Company or UTi Worldwide, in each case effective as of the date of cessation of Executive's employment. Executive hereby grants the corporate secretary of UTi Worldwide an irrevocable power of attorney to execute on behalf of Executive such resignations as necessary to carry out the intention of this paragraph.

Appears in 5 contracts

Samples: Employment Agreement (Uti Worldwide Inc), Employment Agreement (Uti Worldwide Inc), Employment Agreement (Uti Worldwide Inc)

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Resignation from Positions. Upon Executive's ’s cessation of employment with the Company or UTi Worldwide for any reason, Executive agrees that Executive shall be deemed to have resigned as an officer and as a director from every entity and company of the UTi Group on which Executive is then serving as an officer or director, and any other entity on which Executive is then serving as a director or officer at the request of the Company or UTi Worldwide, in each case effective as of the date of cessation of Executive's ’s employment. Executive hereby grants the corporate secretary of UTi Worldwide an irrevocable power of attorney to execute on behalf of Executive such resignations as necessary to carry out the intention of this paragraph.

Appears in 1 contract

Samples: Employment Agreement (UTi WORLDWIDE INC)

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