Common use of Termination of Authority Clause in Contracts

Termination of Authority. Immediately upon the Executive terminating or being terminated from his employment with the Company for any reason, notwithstanding anything else appearing in this Agreement or otherwise, the Executive will stop serving the functions of his terminated or expired position(s) and shall be without any of the authority or responsibility for such position(s).

Appears in 17 contracts

Samples: Employment Agreement (Global Net Lease, Inc.), Employment Agreement (American Realty Capital Properties, Inc.), Employment Agreement (ARC Properties Operating Partnership, L.P.)

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Termination of Authority. Immediately upon the Executive terminating Date of Termination or being terminated from his employment with upon the Company for any reasonexpiration of this Agreement, notwithstanding anything else appearing in this Agreement to the contrary contained herein or otherwise, the Executive will stop serving the functions of his terminated or expired position(s) positions, and shall be without any of the authority or responsibility for such position(s)positions.

Appears in 13 contracts

Samples: Employment Agreement (Ashford Hospitality Trust Inc), Employment Agreement (Ashford Hospitality Trust Inc), Employment Agreement (Ashford Hospitality Trust Inc)

Termination of Authority. Immediately upon the Executive terminating or being terminated from his employment with the Company for any reason, notwithstanding anything else appearing in this Agreement or otherwise, the Executive will stop serving the functions of his terminated or expired position(s) positions, and shall be without any of the authority or responsibility for such position(s)positions. On request of the Board at any time following his termination of employment for any reason, the Executive shall resign from the Board if then a member and shall execute such documentation as the Company shall reasonably request to evidence the cessation of his terminated or expired positions.

Appears in 12 contracts

Samples: Employment Agreement (STORE CAPITAL Corp), Employment Agreement (STORE CAPITAL Corp), Employment Agreement (STORE CAPITAL Corp)

Termination of Authority. Immediately upon the Executive terminating or being terminated from his employment with the Company for any reason, notwithstanding anything else appearing in this Agreement or otherwise, the Executive will stop serving the functions of his terminated or expired position(s) positions, and shall be without any of the authority or responsibility for such position(s)positions. On request of the Board at any time following his termination of employment for any reason, the Executive shall resign from the Board if then a member. Upon termination of employment, the Executive shall also be entitled to all benefits accrued and vested under any employee benefit plan of the Company.

Appears in 12 contracts

Samples: Employment Agreement (Spirit Finance Corp), Employment Agreement (Spirit Finance Corp), Employment Agreement (Spirit Finance Corp)

Termination of Authority. Immediately upon the Executive terminating or being terminated from his employment with the Company for any reason, notwithstanding anything else appearing in this Agreement or otherwise, the Executive will stop serving the functions of his terminated or expired position(s) and shall be without any of the authority or responsibility for such position(s). On request of the Board at any time following his termination of employment for any reason, the Executive shall resign from the Board if then a member.

Appears in 10 contracts

Samples: Employment Agreement (American Financial Realty Trust), Employment Agreement (American Financial Realty Trust), Employment Agreement (American Financial Realty Trust)

Termination of Authority. Immediately upon the Executive terminating or being terminated from his employment with the Company for any reason, notwithstanding anything else appearing in this Agreement or otherwise, the Executive will stop serving the functions of his terminated or expired position(s) positions, and shall be without any of the authority or responsibility for such position(s)positions. On request of the Board at any time following his termination of employment for any reason, the Executive shall resign from the Board if then a member.

Appears in 8 contracts

Samples: Employment Agreement (American Financial Realty Trust), Employment Agreement (American Financial Realty Trust), Employment Agreement (Medical Properties Trust Inc)

Termination of Authority. Immediately upon the Executive terminating or being terminated from his her employment with the Company for any reason, notwithstanding anything else appearing in this Agreement or otherwise, the Executive will stop serving the functions of his her terminated or expired position(s) positions, and shall be without any of the authority or responsibility for such position(s)positions. On request of the Board at any time following her termination of employment for any reason, the Executive shall resign from the Board if then a member and shall execute such documentation as the Company shall reasonably request to evidence the cessation of her terminated or expired positions.

Appears in 6 contracts

Samples: Employment Agreement (STORE CAPITAL Corp), Employment Agreement (STORE CAPITAL Corp), Employment Agreement (STORE CAPITAL Corp)

Termination of Authority. Immediately upon the Executive terminating or being terminated from his the Executive’s employment with the Company for any reason, notwithstanding anything else appearing in this Agreement or otherwise, the Executive will stop serving the functions of his the Executive’s terminated or expired position(s) ), including but not limited to any director or officer positions at the Company or any of its affiliates, and shall be without any of the authority or responsibility for such position(s).

Appears in 5 contracts

Samples: Executive Employment Agreement (Surna Inc.), Executive Employment Agreement (Surna Inc.), Executive Employment Agreement (Surna Inc.)

Termination of Authority. Immediately upon the Executive terminating or being terminated from his her employment with the Company for any reason, notwithstanding anything else appearing in this Agreement or otherwise, the Executive will stop serving the functions of his her terminated or expired position(s) and shall be without any of the authority or responsibility for such position(s). On request of the Board at any time following her termination of employment for any reason, the Executive shall resign from the Board if then a member.

Appears in 3 contracts

Samples: Employment Agreement (American Financial Realty Trust), Employment Agreement (American Financial Realty Trust), Employment Agreement (American Financial Realty Trust)

Termination of Authority. Immediately upon the Executive terminating or being terminated from his her employment with the Company for any reason, notwithstanding anything else appearing in this Agreement or otherwise, the Executive will stop serving the functions of his her terminated or expired position(s) positions, and shall be without any of the authority or responsibility for such position(s)positions. On request of the Board at any time following her termination of employment for any reason, the Executive shall resign from the Board if then a member.

Appears in 3 contracts

Samples: Employment Agreement (American Financial Realty Trust), Employment Agreement (American Financial Realty Trust), Employment Agreement (American Financial Realty Trust)

Termination of Authority. Immediately upon the Executive terminating or being terminated from his her employment with the Company for any reason, notwithstanding anything else appearing in this Agreement or otherwise, the Executive will stop serving the functions of his her terminated or expired position(s) and shall be without any of the authority or responsibility for such position(s).

Appears in 2 contracts

Samples: Employment Agreement (ARC Properties Operating Partnership, L.P.), Employment Agreement (American Realty Capital Properties, Inc.)

Termination of Authority. Immediately upon the Executive Employee terminating or being terminated from his the Employee’s employment with the Company for any reason, notwithstanding anything else appearing in this Agreement or otherwise, the Executive Employee will stop serving the functions of his the Employee’s terminated or expired position(s) ), including but not limited to any director or officer positions at the Company or any of its affiliates, and shall be without any of the authority or responsibility for such position(s).

Appears in 2 contracts

Samples: Employment Agreement (Surna Inc.), Employment Agreement (Surna Inc.)

Termination of Authority. Immediately upon the Executive terminating or being terminated from his employment with the Company for any reason, notwithstanding anything else appearing in this Agreement or otherwise, the Executive will stop serving the functions of his terminated or expired position(s) position and shall be without any of the authority or responsibility for such position(s)position.

Appears in 2 contracts

Samples: Employment Agreement (American Realty Capital Trust, Inc.), Employment Agreement (American Realty Capital Trust, Inc.)

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Termination of Authority. Immediately upon the Executive terminating or being terminated from his her employment with the Company for any reason, notwithstanding anything else appearing in this Agreement or otherwise, the Executive will stop serving the functions of his her terminated or expired position(s) positions, and shall be without any of the authority or responsibility for such position(s)positions. On request of the Board at any time following her termination of employment for any reason, the Executive shall resign from the Board if then a member. Upon termination of employment, the Executive shall also be entitled to all benefits accrued and vested under any employee benefit plan of the Company.

Appears in 2 contracts

Samples: Employment Agreement (Spirit Finance Corp), Employment Agreement (Spirit Finance Corp)

Termination of Authority. Immediately upon the Executive terminating or being terminated from his employment with the Company for any reason, notwithstanding anything else appearing in this Agreement or otherwise, the Executive will stop serving the functions of his terminated or expired position(s) positions, and shall be without any of the authority or responsibility for such position(s).positions. On request of the Board, at any time following his termination of employment for any reason, the Executive shall resign from the Board if then a

Appears in 1 contract

Samples: Employment Agreement (GMH Communities Trust)

Termination of Authority. Immediately upon the Executive terminating or being terminated from his employment with the Company for any reason, notwithstanding anything else appearing in this Amended and Restated Agreement or otherwise, the Executive will stop serving the functions of his terminated or expired position(s) positions, and shall be without any of the authority or responsibility for such position(s)positions. On request of the Board at any time following his termination of employment for any reason, the Executive shall resign from the Board if then a member.

Appears in 1 contract

Samples: Employment Agreement (Medical Properties Trust Inc)

Termination of Authority. Immediately upon the Executive terminating or being terminated from his employment with the Company for any reason, notwithstanding anything else appearing in this Agreement or otherwise, the Executive agrees that he shall be deemed to have resigned from (without prejudice to any rights that the Executive may have under this Agreement) and will stop serving the functions of his terminated or expired position(s) with the Company or any affiliate, including without limitation as a member of the Board (unless otherwise requested by the Board), and shall be without any of the authority or responsibility for such position(s).

Appears in 1 contract

Samples: Employment Agreement (ARC Properties Operating Partnership, L.P.)

Termination of Authority. Immediately upon the Executive terminating or being terminated from his employment with the Company for any reason, notwithstanding anything else appearing in this Agreement or otherwise, the Executive agrees that he shall be deemed to have resigned from (without prejudice to any rights that the Executive may have under this Agreement) and will stop serving the functions of his terminated or expired position(s) and shall be without any of the authority or responsibility for such position(s).

Appears in 1 contract

Samples: Employment Agreement (ARC Properties Operating Partnership, L.P.)

Termination of Authority. Immediately upon the Executive terminating or being terminated from his employment with the Company for any reasonreason or upon the expiration of this Agreement, notwithstanding anything else appearing in this Agreement or otherwise, the Executive will stop serving the functions of his terminated or expired position(s) positions, and shall be without any of the authority or responsibility for such position(s)positions. On request of the Board at any time following his termination of employment for any reason or upon the expiration of this Agreement, the Executive shall resign from the Board if then a member.

Appears in 1 contract

Samples: Employment Agreement (Heritage Property Investment Trust Inc)

Termination of Authority. Immediately upon the Executive terminating or being terminated from his employment with the Company for any reason, notwithstanding anything else appearing in this Agreement or otherwise, the Executive will stop serving the functions of his terminated or expired position(s) and shall be without any of the authority or responsibility for such position(s). On request of the Board of Trustees of the Company (the "Board") at any time following his termination of employment for any reason, the Executive shall resign from the Board if then a member.

Appears in 1 contract

Samples: Employment Agreement (American Financial Realty Trust)

Termination of Authority. Immediately upon the Executive terminating or being terminated from his employment with the Company for any reason, notwithstanding anything else appearing in this Agreement or otherwise, the Executive will stop serving the functions of his terminated or expired position(s) positions, and shall be without any of the authority or responsibility for such position(s)position. On request of the Board at any time following his termination of employment for any reason, the Executive shall resign from the Board if then a member.

Appears in 1 contract

Samples: Employment Agreement (Government Properties Trust Inc)

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