Common use of Directorship and Offices Clause in Contracts

Directorship and Offices. Upon the termination of his employment with the Company, the Executive shall immediately resign any directorship or office held in the Company or any respective parent, subsidiary or affiliated companies of the Company and, except as provided in this Agreement, the Executive shall not be entitled to receive any written notice of termination or payment in lieu of notice, or to receive any severance pay, damages or compensation for loss of office or otherwise, by reason of the resignation or resignations referred to in this Section 4.5.

Directorship and Offices. Upon the termination of his employment with the CompanyCompany for any reason pursuant to this section 3, the Executive shall will immediately resign any directorship or office held in the Company or any respective parent, subsidiary or affiliated companies of the Company and, except as provided in this Agreement, the Executive shall will not be entitled to receive any written notice of termination or payment in lieu of notice, or to receive any severance pay, damages or compensation for loss of office or otherwise, by reason of the resignation or resignations referred to in this Section 4.5.

Directorship and Offices. Upon the termination of his employment with the CompanyEmployer, the Executive Employee shall immediately resign any directorship or office held in the Company Group or the Employer or any respective parent, subsidiary or affiliated companies of the Company Employer and, except as provided in this Agreement, the Executive Employee shall not be entitled to receive any written notice of termination or payment in lieu of notice, or to receive any severance pay, damages or compensation for loss of office or otherwise, by reason of the resignation or resignations referred to in this Section 4.5section 3.6.

Directorship and Offices. Upon the termination of his employment with the CompanyCompany for any reason, the Executive shall will immediately resign any directorship or office held in the Company or any respective parent, subsidiary or affiliated companies of the Company and, except as provided in this Agreement, the Executive shall will not be entitled to receive any written notice of termination or payment in lieu of notice, or to receive any severance pay, damages or compensation for loss of her directorship, office or otherwise, by reason of the resignation or resignations referred to in this Section 4.5.

Directorship and Offices. Upon the termination of his employment with the CompanyCompany for any reason, the Executive shall will immediately resign any directorship or office held in the Company or any respective parent, subsidiary or affiliated companies of the Company and, except as provided in this Agreement, the Executive shall will not be entitled to receive any written notice of termination or payment in lieu of notice, or to receive any severance pay, damages or compensation for loss of his directorship, office or otherwise, by reason of the resignation or resignations referred to in this Section 4.5.

Directorship and Offices. Upon the termination of his employment with the CompanyEmployer, the Executive Employee shall immediately resign any directorship or office held in the Company Employer or any respective parent, subsidiary or affiliated companies of the Company Employer and, except as provided in this Agreement, the Executive Employee shall not be entitled to receive any written notice of termination or payment in lieu of notice, or to receive any severance pay, damages or compensation for loss of office or otherwise, by reason of the resignation or resignations referred to in this Section 4.5section 4.6.