Resignation from the Board. Executive agrees that effective with any termination, and as a condition to receiving any payments under Paragraph D above, Executive shall resign from all directorships and committees of the Board of the Company and its subsidiaries.
Resignation from the Board. Executive understands and agrees that if he is a member of the Board at the time his employment with the Company terminates, whether with or without cause and whether voluntary or involuntary, and as a further condition of his receipt of any severance benefits to which he otherwise might be entitled under this Agreement, he will submit his resignation as a member of the Board effective as of his last day of employment.
Resignation from the Board. If Executive is a member of the Board and Executive’s employment is terminated by the Bank or by Executive pursuant to Section 6, Executive shall immediately resign from Executive’s position on the Board, effective no later than the effective date of Executive’s termination of employment.
Resignation from the Board. In connection with any termination of your employment with the Company, whether by you or the Company and whether during or after the Employment Period, you agree to resign from the Board and the boards of directors (or similar governing bodies) of our subsidiaries in writing, effective immediately after your receipt of any oral or written request from the Chairman of the Board of the Company for such resignation.
Resignation from the Board. Effective as of the Closing, the directors of the Company who are also directors of the Foundation shall have resigned from the Board.
Resignation from the Board. In the event the Executive receives notification of non-renewal or notice of termination for any reason (including with or without Cause or due to Disability), or in the event the Executive provides notification of non-renewal or notice of his resignation (with or without Good Reason), the Executive shall immediately resign from his position on the Board.
Resignation from the Board. Seller shall have automatically, without further action by Seller or the Company, resigned from the Company’s Board of Directors effective immediately upon the first Closing. The parties agree such resignation is not intended to be “because of a disagreement with the registrant” as contemplated by Form 8-K promulgated under the Securities Exchange Act of 1934, as amended.
Resignation from the Board. Upon termination of employment for any reason, and as a precondition to Employee’s receipt of the severance benefits set forth in Section 4(a), Employee shall resign from any and all positions Employee holds with the Board, or the boards of any affiliates of XOMA, to be effective no later than the date of Employee’s employment termination (or such other date requested or permitted by the Board).
Resignation from the Board. Upon the termination of his employment hereunder for any reason, the Executive agrees to immediately resign from his position on the Company's Board of Directors.
Resignation from the Board. The Executive shall continue to serve as a member of the Board of Directors of the Company (the “Board”) without payment of additional compensation through the Transition Date. The Executive hereby covenants and agrees that he shall (i) deliver to the Company written notice of the Executive’s resignation from his service as a member of the Board effective as of the Transition Date, in such form attached hereto as Exhibit A, and (ii) resign from the Board effective as of the Transition Date. In connection with such resignation, the Executive shall also resign all other positions that the Executive holds, except as Senior Advisor, (A) within the Company Group; (B) with any of the affiliates of the Company Group; and (C) with any other organization as to any position held at the request of, or as a representative of, the Company Group. Executive agrees to take any additional steps and sign any additional documentation that may be reasonably requested by the Company in order to give full effect or confirmation of such resignations.
