Common use of Offices and Directorships Clause in Contracts

Offices and Directorships. Upon delivery of notice of resignation or termination, regardless of the reason for or manner of termination, you agree to immediately tender your resignation as an officer and/or director of the Company and of any of its subsidiaries or affiliates. You agree that failure to tender you resignation will amount to Cause, for which the Company may treat your employment as being terminated for Cause.

Appears in 11 contracts

Samples: Employment Agreement (Aquinox Pharmaceuticals, Inc), Employment Agreement (Aquinox Pharmaceuticals (Usa) Inc), Aquinox Pharmaceuticals, Inc

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