Common use of Other Consequences of Termination Clause in Contracts

Other Consequences of Termination. (a) Upon the termination of his employment (for whatever reason and howsoever arising) the Executive shall: (i) at the request of the Board of Directors of the Company immediately resign without claim for compensation from any office held by him in the Company or any Affiliate (but without prejudice to any claim for damages for breach of this Agreement or for any compensation which otherwise may be payable pursuant to this Agreement or otherwise) and in the event of his failure to do so the Company is hereby irrevocably authorized to appoint some person in his name and on his behalf to sign and deliver such resignations to the Board; and (ii) immediately repay all outstanding debts or loans due to the Company or any Affiliate, and the Company is hereby authorized to deduct from Base Salary payments due to the Executive a sum in repayment of all or any part of any such debts or loans.

Other Consequences of Termination. (a) Upon the termination of his employment (for whatever reason and howsoever arising) the Executive shall: (i) at the request of the Board of Directors of the Company immediately resign without claim for compensation from any office held by him in the Company or any Affiliate (but without prejudice to any claim for damages for breach of this Agreement or for any compensation which otherwise may be payable due and owing or which may thereafter come due pursuant to this Agreement or otherwise) and in the event of his failure to do so the Company is hereby irrevocably authorized authorised to appoint some person in his name and on his behalf to sign and deliver such resignations to the Board; and (ii) immediately repay all outstanding debts or loans due to the Company or any Affiliate, and the Company is hereby authorized to deduct from Base Salary payments due to the Executive a sum in repayment of all or any part of any such debts or loans.

Other Consequences of Termination. (a) Upon the termination of his employment (for whatever reason and howsoever arising) the Executive shall: (i) at the request of the Board of Directors of the Company immediately resign without claim for compensation from any office held by him in the Company or any Affiliate (but without prejudice to any claim for damages for breach of this Agreement or for any compensation which otherwise may be payable pursuant to this Agreement or otherwiseAgreement) and in the event of his failure to do so the Company is hereby irrevocably authorized to appoint some person in his name and on his behalf to sign and deliver such resignations to the Board; and (ii) immediately repay all outstanding debts or loans due to the Company or any Affiliate, and the Company is hereby authorized to deduct from Base Salary payments due to the Executive a sum in repayment of all or any part of any such debts or loans.