Common use of Termination and Resignation Clause in Contracts

Termination and Resignation. Your services as a Director may be terminated for any or no reason by the determination of the Board. You may also terminate your services as a Director for any or no reason by delivering your written notice of resignation to the Company (“Resignation”), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company’s obligations to pay you any compensation that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation.

Appears in 27 contracts

Sources: Non Executive Director Offer Letter (Ultratrex Inc.), Non Executive Director Offer Letter (Ultratrex Inc.), Chairman and Executive Director Offer Letter (Ultratrex Inc.)

Termination and Resignation. Your services as a Director may be terminated for any or no reason by the determination of the Board. You may also terminate your services as a Director for any or no reason by delivering your written notice of resignation to the Company (“Resignation”), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company’s 's obligations to pay you any compensation that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation.

Appears in 26 contracts

Sources: Director Offer Letter (BioNexus Gene Lab Corp), Director Offer Letter (BioNexus Gene Lab Corp), Director Offer Letter (BioNexus Gene Lab Corp)

Termination and Resignation. Your services as a an Independent Director may be terminated for any or no reason by the determination of the Board. You Board (including any failure to elect you for an ensuing term at any annual meeting of the Board).You may also terminate your services as a an Independent Director for any or no reason by delivering your written notice of resignation to the Company (“Resignation”), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company’s obligations to pay you any compensation that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation.

Appears in 19 contracts

Sources: Independent Director Offer Letter (Phaos Technology (Cayman) Holdings LTD), Independent Director Offer Letter (Phaos Technology (Cayman) Holdings LTD), Independent Director Offer Letter (Phaos Technology (Cayman) Holdings LTD)

Termination and Resignation. Your services as a an Independent Director may be terminated for any or no reason by the determination of the Board (including any failure to elect you for an ensuing term at any annual meeting of the Board). You may also terminate your services as a an Independent Director for any or no reason by delivering your written notice of resignation to the Company (“Resignation”), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company’s obligations to pay you any compensation that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation.

Appears in 9 contracts

Sources: Independent Director Offer Letter (Ultratrex Inc.), Independent Director Offer Letter (Ultratrex Inc.), Independent Director Offer Letter (Everbright Digital Holding Ltd.)

Termination and Resignation. Your services as a an Independent Director may be terminated for any or no reason by the determination of the Board. You Board (including any failure to elect you for an ensuing term at any annual meeting of the Board).You may also terminate your services as a an Independent Director for any or no reason by delivering your written notice of resignation to the Company (“Resignation”), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company’s 's obligations to pay you any compensation that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation.

Appears in 5 contracts

Sources: Independent Director Offer Letter (SAGTEC GLOBAL LTD), Independent Director Offer Letter (SAGTEC GLOBAL LTD), Independent Director Offer Letter (OMS Energy Technologies Inc.)

Termination and Resignation. Your services as a an Independent Director may be terminated for any or no reason by the determination of the Board. You may also terminate your services as a an Independent Director for any or no reason by delivering your written notice of resignation to the Company (“Resignation”), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company’s obligations to pay you any compensation that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation.

Appears in 3 contracts

Sources: Independent Director Offer Letter (Grande Group LTD/Hk), Independent Director Offer Letter (Top Win International LTD), Independent Director Offer Letter (OUI Global)

Termination and Resignation. Your services as a Director may be terminated for any or no reason by the determination of the Board. You Board (including any failure to elect you for an ensuing term at any annual meeting of the Board).You may also terminate your services as a Director for any or no reason by delivering your written notice of resignation to the Company (“Resignation”), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company’s obligations to pay you any compensation that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation.

Appears in 2 contracts

Sources: Director Offer Letter (Springview Holdings LTD), Director Offer Letter (Springview Holdings LTD)

Termination and Resignation. Your services as a an Independent Director may be terminated for any or no reason by the determination of the Board. You Board (including any failure to elect you for an ensuing term by the Board).You may also terminate your services as a an Independent Director for any or no reason by delivering your written notice of resignation to the Company (“Resignation”), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company’s obligations to pay you any compensation that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation.

Appears in 2 contracts

Sources: Independent Director Agreement (Sea Forrest International Ltd.), Independent Director Agreement (Sea Forrest International Ltd.)

Termination and Resignation. Your services as a Director may be terminated for any or no reason by the determination of the Board. You may also terminate your services as a Director for any or no reason by delivering your written notice of resignation to the Company (“Resignation”), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company’s obligations to pay you any compensation that you have already earned and incentive awards (if any) in accordance the applicable terms and conditions of such incentive award agreement and Company’s policies, and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation.

Appears in 2 contracts

Sources: Director Offer Letter (One & One Green Technologies. INC), Director Offer Letter (Anbio Biotechnology)

Termination and Resignation. Your services as a the Director may be terminated for any or no reason by the determination of the Board. You may also terminate your services as a the Director for any or no reason by delivering your written notice of resignation to the Company (“Resignation”), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company’s obligations to pay you any compensation that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation.

Appears in 1 contract

Sources: Executive Director Offer Letter (OUI Global)

Termination and Resignation. Your services as a an Independent Director may be terminated for any or no reason by the determination of the Board. You Board (including any failure to elect you for an ensuing term at any annual meeting of the Board).You may also terminate your services as a an Independent Director for any or no reason by delivering your written notice of resignation ofresignation to the Company (“Resignation”), and such Resignation shall be effective upon the time specified therein or, if no ifno time is specified, upon receipt of the notice of resignation ofresignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company’s obligations to pay you any compensation that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation.

Appears in 1 contract

Sources: Independent Director Offer Letter (Rectitude Holdings Ltd.)

Termination and Resignation. Your services as a Director may be terminated for any or no reason by the determination of the Board. You may also terminate your services as a Director for any or no reason by delivering your written notice of resignation to the Company ('Resignation'), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company’s 's obligations to pay you any compensation that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation.

Appears in 1 contract

Sources: Director Offer Letter (Ningbo Zhenghe Trading LTD)

Termination and Resignation. Your services as a an Independent Director may be terminated for any or no reason by the determination of the Board (including any failure to elect you for an ensuing term at any annual meeting of the Board). You may also terminate your services as a an Independent Director for any or no reason by delivering your written notice of resignation to the Company (“Resignation”), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Companycompany’s obligations to pay you any compensation that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation.

Appears in 1 contract

Sources: Independent Director Offer Letter (Ultratrex Inc.)

Termination and Resignation. Your services as a an Independent Director may be terminated for any or no orno reason by the determination of the Board (including any failure to elect you for an ensuing term at any annual meeting of the Board). You may also terminate your services as a an Independent Director for any or no reason by delivering your written notice of resignation to the Company (“Resignation”), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company’s obligations to pay you any compensation that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation.

Appears in 1 contract

Sources: Independent Director Agreement (Sea Forrest International Ltd.)