Resignation from Board. Employee understands and agrees that upon submitting or receiving notice of termination of his employment with Employer as provided herein, and if Employee is a member of the Board of Directors of Employer or any of its affiliates at such time, he shall immediately submit in writing to Employer his resignation as a member of such Board of Directors.
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Sources: Employment Agreement (Acap Corp)
Resignation from Board. Employee understands and agrees that upon submitting or receiving notice In the event of termination of Employee's employment under this Agreement for any reason whatsoever, Employee agrees that he will resign from his employment with Employer service as provided herein, and if Employee is a member of the Board effective as of Directors his Date of Employer or any of its affiliates at such time, he shall immediately submit in writing to Employer his resignation as a member of such Board of DirectorsTermination.
Appears in 1 contract
Resignation from Board. Employee understands acknowledges and agrees that upon submitting or receiving notice of termination of his employment with Employer he shall and hereby does resign as provided herein, and if Employee is a member of the Board board of Directors directors of Employer or the Company and any of its affiliates at such timesubsidiaries, he shall immediately submit in writing to Employer his resignation including any committees of which Employee is a member, effective as a member of such Board of Directorsthe Effective Date.
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