Common use of Deemed Resignation Clause in Contracts

Deemed Resignation. Upon termination of Employee’s employment for any reason, Employee shall be deemed to have resigned from all offices and directorships, if any, then held with the Company or any of its affiliates.

Appears in 7 contracts

Samples: Employment Agreement (Athlon Energy Inc.), Employment Agreement (Athlon Energy Inc.), Employment Agreement (Athlon Energy Inc.)

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Deemed Resignation. Upon the Employee's termination of Employee’s employment for any reason, the Employee shall be deemed to have resigned as of the date of the Employee's termination of employment from all offices offices, directorships and directorships, if any, then held fiduciary positions with the Company and the Company's employee benefit plans unless the Employee is affirmatively re-appointed or any re-elected to such position as of its affiliatesthe date of the Employee's termination of employment.

Appears in 7 contracts

Samples: Key Employee Retention Agreement, Key Employee Retention Agreement (Acelity L.P. Inc.), Key Employee Retention Agreement (Acelity L.P. Inc.)

Deemed Resignation. Upon termination of Employee’s employment for any reason, Employee shall be deemed to have resigned from all offices and directorshipsboard memberships, if any, then held with the Company or any of its affiliates, and, at the Company’s request, Employee shall execute such documents as are necessary or desirable to effectuate such resignations.

Appears in 4 contracts

Samples: Employment Agreement (Traws Pharma, Inc.), Employment Agreement (Onconova Therapeutics, Inc.), Employment Agreement (Onconova Therapeutics, Inc.)

Deemed Resignation. Upon termination of Employee’s employment for any reason, Employee shall be deemed to have resigned from all offices and directorships, if any, then held with the Company or any of its affiliatessubsidiaries, including his or her position as a member of the Board, if applicable, and shall take all actions reasonably requested by the Company to effectuate the foregoing. Employee’s resignation from all such positions shall be a condition to receive of the severance payments to Employee under Section 2(a).

Appears in 4 contracts

Samples: Change in Control Severance Agreement (Ligand Pharmaceuticals Inc), Change in Control Severance Agreement (OmniAb, Inc.), Change in Control Severance Agreement (OmniAb, Inc.)

Deemed Resignation. Upon termination of Employee’s your employment for any reason, Employee you shall be deemed to have resigned from all offices and directorships, if any, then held with the Company or any of its affiliatessubsidiaries.

Appears in 3 contracts

Samples: Employment Letter (Mineralys Therapeutics, Inc.), Employment Agreement (Mineralys Therapeutics, Inc.), Employment Agreement (Mineralys Therapeutics, Inc.)

Deemed Resignation. Upon termination of the Employee’s 's employment for any reason, the Employee shall be deemed to have resigned from all offices and directorships, if any, then held with the Company or any of its affiliatesAffiliates, and, at the Company's request, the Employee shall execute such documents as are necessary or desirable to effectuate such resignations.

Appears in 2 contracts

Samples: Employment Agreement (Golden Entertainment, Inc.), Employment Agreement (Golden Entertainment, Inc.)

Deemed Resignation. Upon termination of Employee’s employment for any reason, Employee shall be deemed to have resigned from all offices and directorships, if any, then held with the Company or any of its affiliates, other than Employee’s position as a member of the Board of Managers of the Company, to the extent Employee retains the right to such a position in accordance with the Operating Agreement of the Company.

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (Pivotal Acquisition Corp)

Deemed Resignation. Upon termination of Employee’s employment for any reason, Employee shall be deemed to have resigned from all offices and directorships, if any, then held with the Company or any of its affiliatessubsidiaries.

Appears in 2 contracts

Samples: Employment Agreement (Fractyl Health, Inc.), Employment Agreement (Latch, Inc.)

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Deemed Resignation. Upon Unless otherwise determined by the Board, upon termination of Employee’s your employment for any reason, Employee you shall be deemed to have resigned resigned, effective as of the Date of Termination, from all offices and directorships, if any, then held with the Company or any of its affiliates.

Appears in 2 contracts

Samples: Employment Agreement (Primo Brands Corp), Employment Agreement (RMG Acquisition Corp. III)

Deemed Resignation. Upon termination of Employee’s employment for any reason, Employee shall will be deemed to have resigned from all offices and directorships, if any, then held with the Company or any of its affiliatesAffiliates.

Appears in 1 contract

Samples: Employment Agreement (QLT Inc/Bc)

Deemed Resignation. Upon termination of Employee’s employment for any reason, Employee shall be deemed to have resigned from all offices and directorships, if any, then held with the Company or any of its affiliates, and, at the Company’s request, Employee shall execute such documents as are necessary or desirable to effectuate such resignations.

Appears in 1 contract

Samples: Employment Agreement (Venus Concept Inc.)

Deemed Resignation. Upon termination of Employee’s employment for any reason, Employee shall be deemed to have resigned from all offices and directorships, if any, then held with the Company or any of its affiliatessubsidiaries, including his position as a member of the Board, if applicable, and shall take all actions reasonably requested by the Company to effectuate the foregoing. Employee’s resignation from all such positions shall be a condition to receive of the severance payments to Employee under Section 2(a).

Appears in 1 contract

Samples: Severance Agreement (Ligand Pharmaceuticals Inc)

Deemed Resignation. Upon termination of Employee’s employment for any reason, Employee shall be deemed to have resigned from all offices and directorships, if any, and then held with the Company or any of its affiliates, and, at the Company’s request, Employee shall execute such documents as are necessary or desirable to effectuate such resignations.

Appears in 1 contract

Samples: Severance Agreement and Change in Control Agreement (Fractyl Health, Inc.)

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