Common use of Resignation from the Board Clause in Contracts

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. Upon the termination of his employment hereunder for any reason, the Executive agrees to that upon the appointment of a new President and Chief Executive Officer he will immediately resign from his position on as a director of the Company's , which resignation shall be accepted or declined by the Board of Directorsin its sole discretion.