Common use of Executives Obligations Upon Termination Clause in Contracts

Executives Obligations Upon Termination. On the termination of the Executive’s employment for any reason:- 17.1 if the Executive shall be a director of any company in the Group the Board may give him notice in writing requesting him to and he shall forthwith resign any such directorship and if the appropriate resignation shall not be signed and delivered by the Executive to the Board within seven days after such request the Executive agrees that the Board may appoint any director of the Company to sign such notice of resignation for and on behalf of the Executive and in his name for such purpose; and 17.2 the Executive shall forthwith deliver to the Company all correspondence books materials records documents accounts letters papers and information of every description (on whatever media and whoever located) within his possession or control relating to the affairs and business of the Company or any company in the Group and any magnetic disks on which information relating to such affairs and business is stored and any keys or credit cards or other property belonging to the Company or any company in the Group; and 17.3 the Executive shall irretrievably delete any information relating to the business of the Company or any company in the Group stored on any magnetic or optical disk or memory and all matter derived therefrom which is in his possession, custody, care or control outside the premises of the Company and shall produce such evidence of compliance with this clause 17.3 as the Company may require; and 17.4 the Executive shall transfer to the Company or as it may direct all shares held by him in any company in the Group as nominee or trustee for the Company and deliver to the Company the certificates therefor and the Executive hereby irrevocably appoints the Company his attorney to execute any such transfers on his behalf.

Executives Obligations Upon Termination. On the termination of the Executive’s employment for any reason:-reason:— 17.1 if the Executive shall be a director of any company in the Group the Board may give him notice in writing requesting him to and he shall forthwith resign any such directorship and if the appropriate resignation shall not be signed and delivered by the Executive to the Board within seven days after such request the Executive agrees that the Board may appoint any director of the Company to sign such notice of resignation for and on behalf of the Executive and in his name for such purpose; and 17.2 the Executive shall forthwith deliver to the Company all correspondence books materials records documents accounts letters papers and information of every description (on whatever media and whoever located) within his possession or control relating to the affairs and business of the Company or any company in the Group and any magnetic disks on which information relating to such affairs and business is stored and any keys or credit cards or other property belonging to the Company or any company in the Group; and 17.3 the Executive shall irretrievably delete any information relating to the business of the Company or any company in the Group stored on any magnetic or optical disk or memory and all matter derived therefrom which is in his possession, custody, care or control outside the premises of the Company and shall produce such evidence of compliance with this clause 17.3 as the Company may require; and 17.4 the Executive shall transfer to the Company or as it may direct all shares held by him in any company in the Group as nominee or trustee for the Company and deliver to the Company the certificates therefor and the Executive hereby irrevocably appoints the Company his attorney to execute any such transfers on his behalf.