Common use of Board/Committee Resignation Clause in Contracts

Board/Committee Resignation. Upon termination of Executive’s employment for any reason, Executive hereby agrees to immediately resign from all positions (including, without limitation, any management, officer or director position) that Executive holds on the date of such termination with the Company or any of its affiliates or with any entity in which the Company or any of its affiliates has made any investment. Executive hereby agrees to execute and deliver such documentation reasonably required by the Company as may be necessary or appropriate to enable the Company or its affiliates, or any entity in which the Company or any of its affiliates thereof has made an investment to effectuate such resignation, and in any case, Executive’s execution of this Agreement shall be deemed the grant by Executive to the officers of the Company of a limited power of attorney to sign in Executive’s name and on Executive’s behalf such documentation solely for the limited purposes of effectuating such resignation.

Board/Committee Resignation. Upon termination of the Executive’s employment for any reason, the Executive hereby agrees to immediately resign from all positions (including, without limitation, any management, officer or director position) that the Executive holds on the date of such termination with the Company or any of its affiliates the OZ Entities (or with any entity in which the Company or any of its affiliates has made any investment) as of the date of such termination. The Executive hereby agrees to execute and deliver such documentation reasonably required by the Company as may be necessary or appropriate to enable the Company or its affiliates, (or any entity in which the Company or any of its affiliates thereof has made an investment investment) to effectuate such resignation, and in any case, the Executive’s execution of this Agreement shall be deemed the grant by the Executive to the officers of the Company each OZ Entity, if applicable, of a limited power of attorney to sign in the Executive’s name and on the Executive’s behalf such documentation solely for the limited purposes of effectuating such resignation.