Common use of Termination and Resignation Clause in Contracts

Termination and Resignation. Your membership on the Board may be terminated for any or no reason by a vote of the stockholders holding at least a majority of the shares of the Company’s issued and outstanding shares entitled to vote. Your membership on the Board may also be terminated for any or no reason at any meeting of the Board or by written consent of a majority of the Board at any time, or if you have been declared incompetent by an order of a court of competent jurisdiction or convicted of a felony. You may also terminate your membership on the Board for any or no reason by delivering your written notice of resignation to the Company (“Resignation”), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of Resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company’s obligations to pay you any compensation (including the vested portion of the Options or any other equity grant previously approved by the Board) that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation. Any Options that have not vested as of the effective date of such termination or Resignation shall be forfeited and cancelled.

Termination and Resignation. Your membership on the Board may be terminated for any or no reason by a vote of the stockholders holding at least a majority of the shares of the Company’s issued and outstanding shares entitled to vote. Your membership on the Board or on a Board committee may also be terminated for any or no reason at any meeting of the Board or by written consent of a majority of the Board at any time, or if you have been declared incompetent by an order of a court of competent jurisdiction or convicted of a felony. You may also terminate your membership on the Board or on a committee for any or no reason by delivering your written notice of resignation to the Company (“Resignation”), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of Resignation resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company’s 's obligations to pay you any compensation (including the vested portion of the Options or any other equity grant previously approved by the BoardShares) that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation. Any Options Shares that have not vested as of the effective date of such termination or Resignation shall be forfeited and cancelled.

Termination and Resignation. Your membership on the Board or on a Board committee may be terminated for any or no reason by a vote of the stockholders shareholders holding at least a majority of the shares of the Company’s issued and outstanding shares entitled to vote. Your membership on the Board may also or on a Board committee shall be terminated for any or no reason at any meeting of the Board or by written consent of a majority of the Board at any time, or if you have been declared incompetent become of unsound mind or are prohibited by an order of a court of competent jurisdiction or convicted of a felonylaw from being so. You may also terminate your membership on the Board or on a committee for any or no reason by delivering your written notice of resignation to the Company (“Resignation”), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of Resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company’s 's obligations to pay you any compensation (including the vested portion of the Options or any other equity grant previously approved by the BoardShares) that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation. Any Options Shares that have not vested as of the effective date of such termination or Resignation shall be forfeited and cancelled.

Termination and Resignation. Your membership on the Board may be terminated for any or no reason by a vote the determination of the stockholders holding at least a majority of the shares of Board or by Ordinary Resolution, as defined in the Company’s issued memorandum and outstanding shares entitled to votearticles of association, as amended. Your membership on the Board may also or any Board committee shall be terminated for if you become of unsound mind, are prohibited by law from acting as a director, or are subject to any or no reason at other conditions as specified in the Company’s memorandum and articles of association, as amended. Your membership on any meeting of Board committee will be terminated on the same effective date when your membership on the Board or by written consent of a majority of the Board at any time, or if you have been declared incompetent by an order of a court of competent jurisdiction or convicted of a felonyis terminated. You may also terminate your membership on the Board or any Board Committee for any or no reason by delivering your written notice of resignation to the Company (“Resignation”)) with a period of 6-months in advance or payment in lieu, and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of Resignation resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company’s obligations to pay you any compensation (including the vested portion of the Options or any other equity grant previously approved by the Board) that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation. Any Options securities of the Company that have not vested as of the effective date of such termination or Resignation shall be forfeited and cancelled.

Termination and Resignation. Your membership on the Board may be terminated for any or no reason by a vote the determination of the stockholders holding at least a majority of the shares of Board or by Ordinary Resolution, as defined in the Company’s issued memorandum and outstanding shares entitled to votearticles of association, as amended. Your membership on the Board may also or any Board committee shall be terminated for if you become of unsound mind, are prohibited by law from acting as a director, or are subject to any or no reason at other conditions as specified in the Company’s memorandum and articles of association, as amended. Your membership on any meeting of Board committee will be terminated on the same effective date when your membership on the Board or by written consent of a majority of the Board at any time, or if you have been declared incompetent by an order of a court of competent jurisdiction or convicted of a felonyis terminated. You may also terminate your membership on the Board or any Board Committee for any or no reason by delivering your written notice of resignation to the Company (“Resignation”)) with a period of 6-months in advance or payment in lieu, and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of Resignation resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company’s 's obligations to pay you any compensation (including the vested portion of the Options or any other equity grant previously approved by the Board) that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation. Any Options securities of the Company that have not vested as of the effective date of such termination or Resignation shall be forfeited and cancelled.

Termination and Resignation. Your membership on the Board or on a Board committee may be terminated for any or no reason by a vote of the stockholders shareholders holding at least a majority of the shares of the Company’s issued and outstanding shares entitled to vote. Your membership on the Board may also or on a Board committee shall be terminated for any or no reason at any meeting of the Board or by written consent of a majority of the Board at any time, or if you have been declared incompetent become of unsound mind or are prohibited by an order of a court of competent jurisdiction or convicted of a felonylaw from being so. You may also terminate your membership on the Board or on a committee for any or no reason by delivering your written notice of resignation to the Company (“Resignation”), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of Resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company’s obligations to pay you any compensation (including the vested portion of the Options or any other equity grant previously approved by the BoardShares) that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation. Any Options Shares that have not vested as of the effective date of such termination or Resignation shall be forfeited and cancelled.