Common use of Director/Officer Resignations Clause in Contracts

Director/Officer Resignations. If the Executive’s employment hereunder shall be terminated by him or by the Company in accordance with the terms set forth herein, then effective upon the date such termination is effective, he will be deemed to have resigned from all positions as an officer and director of the Company and of any of its Subsidiaries, except as the parties may otherwise agree.

Appears in 7 contracts

Samples: Employment Agreement (Key Energy Services Inc), Trey Whichard Employment Agreement (Key Energy Services Inc), Austin Employment Agreement (Key Energy Services Inc)

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Director/Officer Resignations. If the Executive’s 's employment hereunder shall be terminated by him or by the Company in accordance with the terms set forth herein, then effective upon the date such termination is effective, he will be deemed to have resigned from all positions as an officer and director of the Company and of any of its Subsidiaries, except as the parties may otherwise agree.

Appears in 3 contracts

Samples: Employment Agreement (Key Energy Services Inc), Employment Agreement (Key Energy Services Inc), Employment Agreement (Key Energy Services Inc)

Director/Officer Resignations. If the Executive’s employment hereunder shall be terminated by him her or by the Company in accordance with the terms set forth herein, then effective upon the date such termination is effective, he she will be deemed to have resigned from all positions as an officer and director of the Company Company, the Parent, and of any of its Subsidiaries, except as the parties may otherwise agree.

Appears in 2 contracts

Samples: Employment Agreement (Key Energy Services Inc), Employment Agreement (Key Energy Services Inc)

Director/Officer Resignations. If the Executive’s 's employment hereunder shall be terminated by him or by the Company during the Employment Term in accordance with the terms set forth hereinin this Agreement, then effective upon the date such termination is effective, he will be deemed to have resigned from all positions as an officer and director of the Company and of any of its SubsidiariesKey Companies, except as the parties Parties may otherwise agree.

Appears in 1 contract

Samples: Employment Agreement (Key Energy Services Inc)

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Director/Officer Resignations. If the Executive’s employment hereunder shall be terminated by him or by the Company during the Employment Term in accordance with the terms set forth hereinin this Agreement, then effective upon the date such termination is effective, he will be deemed to have resigned from all positions as an officer and director of the Company and of any of its SubsidiariesKey Companies, except as the parties Parties may otherwise agree.

Appears in 1 contract

Samples: Employment Agreement (Key Energy Services Inc)

Director/Officer Resignations. If the Executive’s employment hereunder shall be terminated by him her or by the Company in accordance with the terms set forth herein, then effective upon the date such termination is effective, he she will be deemed to have resigned from all positions as an officer and director of the Company and of any of its Subsidiaries, except as the parties may otherwise agree.

Appears in 1 contract

Samples: Employment Agreement (Key Energy Services Inc)

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