Common use of Effect of Cessation of Employment Clause in Contracts

Effect of Cessation of Employment. The Executive agrees that, upon cessation of the Executive’s employment, the Executive shall be deemed to have immediately resigned any position that the Executive may have as an officer or director of the Company together with any other office, position or directorship which the Executive may hold in any of the Company’s subsidiaries and affiliates. In such event, the Executive shall, at the request of the Company, promptly sign all documents appropriate to evidence such resignations. The Executive shall not be entitled to any payments or damages in respect of these resignations in addition to those provided for herein.

Appears in 2 contracts

Samples: Executive Employment Agreement (Borealis Foods Inc.), Business Combination Agreement (Oxus Acquisition Corp.)

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Effect of Cessation of Employment. The Executive agrees that, upon cessation of the Executive’s 's employment, the Executive shall be deemed to have immediately resigned any position that the Executive may have as an officer or director of the Company Flora Growth together with any other office, position or directorship which the Executive may hold in any of the Company’s subsidiaries and affiliatesFlora Affiliates. In such event, the Executive shall, at the request of the CompanyFlora Growth and Flora Affiliaties, promptly sign all documents appropriate to evidence such resignations. The Executive shall not be entitled to any payments or damages in respect of these resignations in addition to those provided for herein.

Appears in 1 contract

Samples: Executive Employment Agreement (Flora Growth Corp.)

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Effect of Cessation of Employment. The Executive agrees that, upon cessation of the Executive’s employment, the Executive shall will be deemed to have immediately resigned any position that the Executive may have as an officer or director of the Company together with any other office, position or directorship which the Executive may hold in any of the Company’s subsidiaries and affiliates. In such event, the Executive shall, at the request of the Company, promptly sign all documents appropriate to evidence such resignations. The Executive shall not be entitled to any payments or damages in respect of these resignations in addition to those provided for herein.

Appears in 1 contract

Samples: Executive Employment Agreement (BriaCell Therapeutics Corp.)

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