Common use of Deemed Resignation Clause in Contracts

Deemed Resignation. Any termination of Executive’s employment shall constitute an automatic resignation of Executive from all other positions as an employee, officer, director, manager, or other service provider of the Company and each Affiliate of the Company, and an automatic resignation of Executive from the Board (if applicable and unless otherwise agreed in writing) and from the board of directors or similar governing body of the Company and any Affiliate and from the board of directors or similar governing body of any corporation, limited liability company, or other entity in which the Company or any Affiliate holds an equity interest and with respect to which board or similar governing body Executive serves as the Company’s or such Affiliate’s designee or other representative, and as a trustee, fiduciary, committee member or service provider in any other capacity with respect to the Company’s and its Affiliates’ employee benefit plans, programs, policies and arrangements.

Deemed Resignation. Any termination of ExecutiveEmployee’s employment with the Company shall constitute an automatic resignation of Executive Employee from all other positions as an employee, officer, director, manager, or other service provider of the Company and each Affiliate of the Company, and an automatic resignation of Executive Employee from the Board (if applicable and unless otherwise agreed in writing) and from the board of directors or similar governing body of the Company and any Affiliate and from the board of directors or similar governing body of any corporation, limited liability company, or other entity in which the Company or any Affiliate holds an equity interest and with respect to which board or similar governing body Executive Employee serves as the Company’s or such Affiliate’s designee or other representative, and as a trustee, fiduciary, committee member or service provider in any other capacity with respect to the Company’s and its Affiliates’ employee benefit plans, programs, policies and arrangements.

Deemed Resignation. Any termination of ExecutiveEmployee’s employment with Employer shall constitute an automatic resignation of Executive Employee from all other positions as an employee, officer, director, manager, or other service provider of the Company Employer and each Affiliate of the CompanyEmployer, and an automatic resignation of Executive Employee from the Board (if applicable and unless otherwise agreed in writing) and from the board of directors or similar governing body of the Company Employer and any Affiliate and from the board of directors or similar governing body of any corporation, limited liability company, company or other entity in which the Company Employer or any Affiliate holds an equity interest and with respect to which board or similar governing body Executive Employee serves as the CompanyEmployer’s or such Affiliate’s designee or other representative, and as a trustee, fiduciary, committee member or service provider in any other capacity with respect to the CompanyEmployer’s and its Affiliates’ employee benefit plans, programs, policies and arrangements.