OBLIGATIONS RELATING TO TERMINATION. 14.1 Upon the termination of the Appointment or, upon the exercise by the Company of its right under Clause 13.4(b), the Executive will hand over to the Company all property belonging to any member of the Group relating to its business (including but not limited to any Confidential Information and any Executive Intellectual Property and Executive Inventions) which may be in his possession or under his control, and without him or anyone on his behalf keeping copies of any reproduceable items or extracts from them and without having downloaded any information stored on any computer storage medium. He will, on being requested to do so, send to the Company Secretary a signed statement that he has complied with this sub-clause; 14.2 Upon the termination of the Appointment or (if earlier) upon either party giving notice under Clause 13.1 or, if applicable, Clause 13.2 and the Company exercising its rights under Clause 13.4, the Executive will resign at the request of the Company, without claim for compensation, from all offices held by him in the Group and from all trusteeships held by him of any pension scheme or other trusts established by the Company or any other member of the Group. Should he fail to do so the Board is irrevocably authorised to appoint a person in his name and on his behalf to sign any documents and take such other steps as are necessary to give effect to such resignations. Such resignations will be given and accepted without prejudice to any claims which the Company and the Executive may have arising out of or in connection with the Appointment and its termination. 14.3 Upon the Termination of the Appointment, the Executive will have no rights as a result of this Agreement or any alleged breach of this Agreement to any compensation under or in respect of any share options or long term incentive plans in which he may participate or have received grants or allocations at or before the date the Appointment terminates. Any rights which he may have under such schemes will be exclusively governed by the rules of such schemes.
Appears in 5 contracts
Samples: Service Agreement (Gw Pharmaceuticals PLC), Service Agreement (Gw Pharmaceuticals PLC), Service Agreement (Gw Pharmaceuticals PLC)
OBLIGATIONS RELATING TO TERMINATION. 14.1 Upon the termination of the Appointment or, upon the exercise by the Company of its right under Clause 13.4(b13.3(b), the Executive will hand over to the Company all property belonging to any member of the Group relating to its business (including but not limited to any Confidential Information and any Executive Intellectual Property and Executive Inventions) which may be in his possession or under his control, and without him or anyone on his behalf keeping copies of any reproduceable items or extracts from them and without having downloaded any information stored on any computer storage medium. He will, on being requested to do so, send to the Company Secretary a signed statement that he has complied with this sub-clause;
14.2 Upon the termination of the Appointment or (if earlier) upon either party giving notice under Clause 13.1 or, if applicable, Clause 13.2 and the Company exercising its rights under Clause 13.413.3, the Executive will resign at the request of the Company, without claim for compensation, from all offices held by him in the Group and from all trusteeships held by him of any pension scheme or other trusts established by the Company or any other member of the Group. Should he fail to do so the Board is irrevocably authorised to appoint a person in his name and on his behalf to sign any documents and take such other steps as are necessary to give effect to such resignations. Such resignations will be given and accepted without prejudice to any claims which the Company and the Executive may have arising out of or in connection with the Appointment and its termination.
14.3 Upon the Termination of the Appointment, the Executive will have no rights as a result of this Agreement or any alleged breach of this Agreement to any compensation under or in respect of any share options or long term incentive plans in which he may participate or have received grants or allocations at or before the date the Appointment terminates. Any rights which he may have under such schemes will be exclusively governed by the rules of such schemes.
Appears in 4 contracts
Samples: Service Agreement, Service Agreement (Gw Pharmaceuticals PLC), Service Agreement (Gw Pharmaceuticals PLC)