Releases; Resignations Sample Clauses

The "Releases; Resignations" clause serves to formalize the process by which an individual, often an employee or executive, agrees to relinquish any claims against the company and, if applicable, to resign from their position. Typically, this clause requires the individual to sign a release of liability, waiving the right to pursue legal action related to their employment or separation, and to submit a formal resignation letter. Its core practical function is to provide legal certainty and closure for both parties by ensuring that the departing individual cannot later assert claims or disputes arising from their employment or termination, thereby minimizing future legal risks for the company.
Releases; Resignations. Executive’s right to receive any payments or other compensation to be made to Executive pursuant to this Agreement to which he is not already entitled (e.g., excluding Stock Awards that continue to vest according to their terms as in effect prior to the Effective Date) shall be contingent on Executive providing to the Company (and failing to revoke) a full and complete general release in the form attached hereto as Exhibit A-1 (the “Initial Release”) prior to the Effective Date. The extended exercisability of Stock Awards and payments to be made to Executive pursuant to Sections 5(b)(i) and (ii) and 5(c) shall be contingent on Executive providing to the Company (and failing to revoke) an additional general release in the form attached hereto as Exhibit A-2 (the “Termination Release”) effective as of the date of termination of his service to the Company.
View SourceView Similar (2)
Releases; Resignations. AMI and the directors and executive officers of AMI shall have executed and delivered an instrument in the form of Exhibit H attached hereto dated the Effective Date releasing AMI from any and all claims of such directors and officers (except as to their deposits and accounts and any rights of indemnification pursuant to the applicable Articles of Incorporation and employment agreements executed and delivered by Mark I. Kenner and Fred Kenner at ▇▇▇▇▇▇▇) ▇▇▇ ▇eleas▇▇▇ ▇▇▇▇ ▇▇rectors and officers from claims by AMI (except as to indebtedness owed to AMI), and all directors and officers of AMI shall have delivered to AALP their resignations as directors/officers of AMI..
View SourceView Similar (2)
Releases; Resignations. The directors and executive officers of the Bank shall have delivered to FBC an instrument in the form of Exhibit J attached hereto (each an “Employee Release”) effective as of the Effective Date releasing the Bank from any and all claims of such directors and executive officers (except as to their deposits and accounts and any rights of indemnification pursuant to the applicable Articles of Association or as provided in this Agreement), and the directors of the Bank shall have delivered to FBC their resignations as directors of the Bank. The Bank shall have delivered to the directors and executive officers of the Bank a release in the form of Exhibit K attached hereto, effective as of the Effective Date releasing such directors and executive officers from claims by the Bank (except as to indebtedness and contractual obligations owed to the Bank).
View SourceView Similar (2)
Releases; Resignations. The releases and resignations of all of the current officers and directors of Classic Trailer shall have been delivered in the form of Schedule 6.8.
View Source
Releases; Resignations. The directors and officers (with a title of Senior Vice President or above) of the Bank shall have delivered to FBC an instrument in the form of Exhibit G attached hereto (each an “Employee Release”) effective as of the Effective Date releasing the Bank from any and all claims of such directors and executive officers (except as to their deposits and accounts and any rights of indemnification pursuant to the applicable Articles of Association or as provided in this Agreement), and the directors of the Bank shall have delivered to FBC their resignations as directors of the Bank. The Bank shall have delivered to each of the directors and officers of the Bank who executed an Employee Release, a release in the form of Exhibit H attached hereto, effective as of the Effective Date releasing such directors and executive officers from claims by the Bank (except as to indebtedness and contractual obligations owed to the Bank).
View Source
Releases; Resignations. Each of the directors of SNB and the Bank shall deliver to Prosperity an instrument in the form of Exhibit C hereto dated as of the Closing Date releasing SNB and its Subsidiaries and Prosperity and its Subsidiaries from any and all claims of such directors and officers (except as described in such instrument). The directors of each of SNB and the Bank shall have delivered to Prosperity their respective resignations.
View Source
Releases; Resignations. The directors and executive officers of the Cedar Creek Companies shall have delivered to FBC an instrument in the form of Exhibit H attached hereto (each an “Employee Release”) effective as of the Effective Date releasing the Cedar Creek Companies from any and all claims of such directors and officers (except as to their deposits and accounts and any rights of indemnification pursuant to the applicable Articles of Incorporation or as provided in this Agreement), and the directors of the Cedar Creek Companies shall have delivered to FBC their resignations as directors of the Cedar Creek Companies. The Cedar Creek Companies shall have delivered to the directors and executive officers of Cedar Creek a release in the form of Exhibit I attached hereto, effective as of the Effective Date releasing such directors and executive officers from claims by the Cedar Creek Companies (except as to indebtedness and contractual obligations owed to the Cedar Creek Companies).
View Source
Releases; Resignations. Executive’s right to receive any payments or other compensation to be made to Executive pursuant to this Agreement to which he is not already entitled (e.g., excluding Stock Awards that continue to vest according to their terms as in effect prior to the Effective Date), including any base salary, bonus or retainer during the term of this Agreement, shall be contingent on (a) Executive providing to the Company (and failing to revoke) a full and complete general release in the form attached hereto as Exhibit A-1 (the “Initial Release”) prior to the Effective Date and (b) Executive providing to the Company a signed letter of resignation from the boards of directors of TiVo International, Inc., TiVo Intl II, Inc., TCG, Inc., TiVo Brands LLC and TiVo (UK) Limited. The payments to be made to Executive pursuant to Section 5(b)(ii) and 5(c) shall be contingent on Executive providing to the Company (and failing to revoke) an additional general release in the form attached hereto as Exhibit A-2 (the “Termination Release”) effective as of the date of termination of his employment by or service to the Company.
View Source

Related to Releases; Resignations

  • Deemed Resignations Any termination of Executive’s employment shall constitute an automatic resignation of Executive as an officer of Company and each affiliate of Company, an automatic resignation of Executive from the Board and from the board of directors or similar governing body of any affiliate of Company, and an automatic resignation from the board of directors or similar governing body of any corporation, limited liability company or other entity in which Company or any affiliate holds an equity interest and with respect to which board or similar governing body Executive serves as Company’s or such affiliate’s designee or other representative.

  • Resignations Any Officer of the Company may resign at any time by giving notice either in writing or by electronic transmission to the Company. A resignation shall take effect immediately upon receipt of the notice, or at such other time as is specified in the notice. Unless required by the notice, acceptance of the resignation is not needed to make it effective.

  • Director Resignations The Company shall use its reasonable best efforts to cause to be delivered to Parent resignations executed by each director of the Company in office as of immediately prior to the Effective Time and effective upon the Effective Time.

  • Resignation and Cooperation Upon termination of Executive’s employment, Executive shall be deemed to have resigned from all offices and directorships then held with the Company. Following any termination of employment, Executive shall cooperate with the Company in the winding up of pending work on behalf of the Company and the orderly transfer of work to other employees. Executive shall also cooperate with the Company in the defense of any action brought by any third party against the Company that relates to Executive’s employment by the Company.

  • Termination and Resignation Your services as a Director may be terminated for any or no reason by the determination of the Board. You may also terminate your services as a Director for any or no reason by delivering your written notice of resignation to the Company (“Resignation”), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company's obligations to pay you any compensation that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation.