Common use of Resignation from Board Clause in Contracts

Resignation from Board. Upon a termination of the Executive’s employment under this Agreement for any reason, the Executive shall, if requested by the Company’s Board of Directors, promptly resign as a member of the Board of Directors of the Company or its direct or indirect subsidiaries.

Appears in 2 contracts

Sources: Employment Agreement (AID Restaurant, Inc.), Employment Agreement (Education Management Corporation)

Resignation from Board. Upon a termination Effective as of the Executive’s employment under this Agreement for any reasonSeparation Date, the Executive shall, if requested by hereby resigns from his seat on the Company’s Board of Directors, promptly resign Directors (the “Board”) and any position he holds as an officer and director of any subsidiary of the Company. Executive also agrees to execute any necessary forms or other documents required to effect such resignation(s) as a member matter of state, federal, or foreign law (and a resignation letter that may be required in the Board of Directors of event the Company or its direct or indirect subsidiariesidentifies any additional subsidiaries not listed here).

Appears in 2 contracts

Sources: Transition Agreement and Release, Transition Agreement and Release (Vital Therapies Inc)

Resignation from Board. Upon a termination of the Executive’s from employment under this Agreement for any reason, the Executive shall, if requested by the Company’s Board of Directors, promptly shall resign as a member of from the Board of Directors of for the Company and also resign from all director and officer positions with any subsidiary or its direct or indirect subsidiariesaffiliate of Company.

Appears in 1 contract

Sources: Employment Agreement (Caraco Pharmaceutical Laboratories LTD)

Resignation from Board. Upon a any termination of the Executive’s employment under this Agreement for any reasonhereunder, the Executive shall, if requested by the Company’s Board of Directors, promptly resign shall be deemed to have resigned as a member of the Board of Directors of the Company or its direct or indirect subsidiariesany subsidiaries on which he serves, including any committees thereof, effective as of his date of termination.

Appears in 1 contract

Sources: Employment Agreement (SFG Financial Corp)

Resignation from Board. Upon a termination of the Executive’s employment 's service under this Agreement for any reason, the Executive shall, if requested by the Company’s Board of Directors's Board, promptly resign as a member of the Board of Directors of the Company or its direct or indirect subsidiaries.

Appears in 1 contract

Sources: Employment Agreement (Daleen Technologies Inc)

Resignation from Board. Upon a termination of the Executive’s employment under this This Agreement for any reason, the shall serve as notice to Employer that Executive shall, if requested by the Company’s Board of Directors, promptly resign resigns from his position as a member of the Board of Directors of Employer (the Company “Board”) and any committee thereof, and from any other position (as an officer, board member, or its direct otherwise) that he may hold with Employer or indirect subsidiariesany affiliate or subsidiary of Employer, with each such resignation effective as of the Termination Date. Executive agrees to execute such further documents, if any, as Employer may reasonably request to effectuate such resignation(s).

Appears in 1 contract

Sources: Separation Agreement (Usf Corp)