During the Garden Leave Period. the Employer may require the Executive to comply with the provisions of Clause 12 below, except that there will be no requirement to return any company car in the possession of the Executive. The Employer may also require the Executive to resign immediately from any directorship held in the Employer, any other Group Company or any other company where such directorship is held as a consequence or requirement of the Employment, unless the Executive is required by the Employer to perform duties to which any such directorship relates, in which case the Executive may retain such directorships while those duties are ongoing. The Executive hereby irrevocably appoints the Employer to be the Executive’s attorney to execute any instrument and do anything in the Executive’s name and on their behalf to effect the Executive’s resignation if the Executive fails to do so in accordance with this Clause 9.4.
Appears in 2 contracts
Samples: Executive Service Agreement (Lloyds Bank PLC), Executive Service Agreement (Lloyds Banking Group PLC)
During the Garden Leave Period. the Employer may require the Executive to comply with the provisions of Clause 12 below12, except that there will be no requirement to return any company car in the possession of the Executive. The Employer may also require the Executive to resign immediately from any directorship held in the Employer, any other Group Company or any other company where such directorship is held as a consequence or requirement of the Employment, unless the Executive is required by the Employer to perform duties to which any such directorship relates, relates in which case the Executive may retain such directorships while those duties are ongoing. The Executive hereby irrevocably appoints the Employer to be the Executive’s attorney to execute any instrument and do anything in the Executive’s name and on their behalf to effect the Executive’s resignation if the Executive fails to do so in accordance with this Clause 9.4.
Appears in 2 contracts
Samples: Executive Service Agreement (Lloyds Bank PLC), Executive Service Agreement (Lloyds Banking Group PLC)