Common use of Removal from All Positions Clause in Contracts

Removal from All Positions. If your employment with the Company terminates for any reason (whether initiated by you or the Company), you shall be deemed to resign from all offices and positions you then hold at the Company and/or its affiliates (collectively, the “Cambium Companies”) and as a member of the board of directors and/or other similar governing bodies (and committees thereof) of any of the Cambium Companies on which you then serve (if any), each effective as of the date of termination of your employment; provided, however, you agree to take all further actions that are deemed reasonably necessary by the Company to effectuate or memorialize such resignations (including, without limitation, promptly executing and delivering resignation letters memorializing such resignations).

Removal from All Positions. If your employment with the Company terminates for any reason (whether initiated by you or the Company), you shall be deemed to resign from all offices and positions you then hold at the Company and/or its affiliates (collectively, the “Cambium Companies”) and as a member of the board Board of directors and/or Directors of the Company (and any committee thereof) and any other similar governing bodies (and committees thereofthereof ) of any of the Cambium Companies on which you then serve (if any)as a board member, each effective as of the date of termination of your employment; provided, however, you agree to take all further actions that are deemed reasonably necessary by the Company to effectuate or memorialize such resignations (including, without limitation, promptly executing and delivering resignation letters memorializing such resignations). Your failure to resign from all such positions shall constitute “Cause” under this Agreement.