Resignation from the Board of Directors Clause Samples
The 'Resignation from the Board of Directors' clause outlines the process and requirements for a board member to formally step down from their position. Typically, this clause specifies how notice of resignation should be given, such as requiring written notification to the company or board chair, and may address the effective date of resignation or any obligations that continue after departure. Its core function is to ensure a clear and orderly transition when a director leaves, minimizing disruption to the board’s operations and maintaining proper corporate governance.
Resignation from the Board of Directors. ▇▇▇▇▇▇▇▇ hereby resigns from his position as a member of the Board of Directors of the Company, and each committee thereof of which he is a member, effective as of the Effective Date.
Resignation from the Board of Directors. Any member of the Board may resign from office by giving notice in writing to the President. • Any Board Member who shall for any reason cease to hold office shall forthwith turn over to the Board of Directors all documents, assets, and properties of the Nurses' Union.
Resignation from the Board of Directors. If Executive’s employment with the Employers is terminated for any reason, or if Executive resigns from his Employers employment for any reason, then Executive agrees that he shall tender his resignation from the Boards of Directors of the Employers and any company affiliated with the Employers on which Executive serves as a director at the time of his employment termination or resignation. The decision whether to accept such resignation shall be within the sole discretion of the Board of Directors of the Employers and any such affiliated company.
Resignation from the Board of Directors. A director may resign at any time upon written notice to the Corporation’s board of directors, chairman of the board of directors, chief executive officer, co-chief executive officer, president or secretary. Any such resignation shall take effect at the time or upon the satisfaction of any condition specified therein or, if no time or condition is specified, upon receipt thereof, and the acceptance of such resignation, unless required by the terms thereof (including for example any resignation contemplated by Section 6(b) of Article II), shall not be necessary to make such resignation effective.
Resignation from the Board of Directors. If the Executive’s employment with Medco ends for any reason, and the Board of Directors requests that the Executive resign from the Board of Directors, the Executive agrees to resign from the Board of Directors immediately upon receipt of such request.
Resignation from the Board of Directors. You will immediately submit your resignation as a director of the Company and the Bank if your employment terminates for any reason, which resignation may be accepted by the Board of Directors of the Company and/or the Bank in their sole discretion.
Resignation from the Board of Directors. In exchange for the consideration provided by the Company in this Agreement, you have submitted and the Company accepts your resignation from the Board of Directors of the Company (the “Board”) effective March 31, 2010.
Resignation from the Board of Directors. The Director hereby resigns from the Company’s Board of Directors effective immediately upon signing this Agreement.
Resignation from the Board of Directors. Immediately following the 2004 Annual meeting of the Shareholders of the Company, you will submit your written resignation from the Board of Directors of the Company. As soon as reasonably practicable thereafter, you will surrender your office at the Company's headquarters in Middlebury, CT.
Resignation from the Board of Directors. The Employee shall deliver a letter of resignation from the Board of Directors to the Chairman of the Board of Directors, ▇▇▇▇▇ ▇▇▇▇▇▇, with a copy to the Company in care of its General Counsel, ▇▇▇▇ East. Such letter of resignation shall be delivered prior to the execution of this Agreement. No Severance Payment (as defined below) shall be made to Employee until the Chairman of the Board and the Company is in receipt of the letter of resignation.