Common use of Removal from any Boards and Positions Clause in Contracts

Removal from any Boards and Positions. If Executive’s employment is terminated for any reason under this Agreement, Executive will, immediately upon Executive’s termination of employment, be deemed to have resigned from (a) if a member, the Board as well as the board of directors of any Company entity or any other board to which Executive has been appointed or nominated by or on behalf of the Company, (b) any position with the Company or any Company entity, including, but not limited to, as an officer of the Company or any Company entity, and (c) any fiduciary positions with respect to the Company’s benefit plans. In addition, and as a condition to receiving the Severance Pay described in Section 3.3 or the Change in Control Payment described in Section 3.4, Executive shall take any and all necessary steps to effectuate Executive’s resignation from such positions.

Removal from any Boards and Positions. If Executive’s employment is terminated for any reason under this Agreement, Executive will, immediately upon Executive’s termination of employmentTermination Date, be deemed to have resigned from (a) if a member, the Board as well as the board of directors of any Company entity GLDD Entity (as defined below) or any other board to which Executive he has been appointed or nominated by or on behalf of the Company, (b) any position with the Company or any Company entityGLDD Entity, including, but not limited to, as an officer of the Company or any Company entityGLDD Entity, and (c) any fiduciary positions with respect to the Company’s benefit plans. In addition, and as a condition to receiving the Resignation Pay described in Section 3.1, the Severance Pay described in Section 3.3 3.3, or the Change in Control Payment described in Section 3.4, Executive shall take any and all necessary steps to effectuate Executive’s his resignation from such positions.

Removal from any Boards and Positions. If Executive’s employment is terminated for any reason under this Agreement, Executive will, immediately upon Executive’s termination of employmentTermination Date, be deemed to have resigned from (a) if a member, the Board as well as the board of directors of any Company entity GLDD Entity (as defined below) or any other board to which Executive he has been appointed or nominated by or on behalf of the Company, (b) any position with the Company or any Company entityGLDD Entity, including, but not limited to, as an officer of the Company or any Company entityGLDD Entity, and (c) any fiduciary positions with respect to the Company’s benefit plans. In addition, and as a condition to receiving the Severance Pay described in Section 3.3 or the Change in Control Payment described in Section 3.4, Executive shall take any and all necessary steps to effectuate Executive’s his resignation from such positions.

Removal from any Boards and Positions. If Executive’s employment is terminated for any reason under this Agreement, Executive will, immediately upon Executive’s termination of employmentTermination Date, be deemed to have resigned from (a) if a member, the Board as well as the board of directors of any Company entity GLDD Entity (as defined below) or any other board to which Executive she has been appointed or nominated by or on behalf of the Company, (b) any position with the Company or any Company entityGLDD Entity, including, but not limited to, as an officer of the Company or any Company entityGLDD Entity, and (c) any fiduciary positions with respect to the Company’s benefit plans. In addition, and as a condition to receiving the Severance Pay described in Section 3.3 or the Change in Control Payment described in Section 3.4, Executive shall take any and all necessary steps to effectuate Executive’s her resignation from such positions.

Removal from any Boards and Positions. If Executive’s employment is terminated for any reason under this Agreement, Executive will, immediately upon Executive’s termination of employmentTermination Date, be deemed to have resigned from (a) if a member, the Board as well as the board of directors of any Company entity GLDD Entity (as defined below) or any other board to which Executive has been appointed or nominated by or on behalf of the Company, (b) any position with the Company or any Company entityGLDD Entity, including, but not limited to, as an officer of the Company or any Company entityGLDD Entity, and (c) any fiduciary positions with respect to the Company’s benefit plans. In addition, and as a condition to receiving the Severance Pay described in Section 3.3 or the Change in Control Payment described in Section 3.4, Executive shall take any and all necessary steps to effectuate Executive’s resignation from such positions.

Removal from any Boards and Positions. If Executive’s employment is terminated for any reason under this Agreement, Executive will, immediately upon Executive’s termination of employmentTermination Date, be deemed to have resigned from (a) if a member, the Board as well as the board of directors of any Company entity GLDD Entity (as defined below) or any other board to which Executive has been appointed or nominated by or on behalf of the Company, (b) any position with the Company or any Company entityGLDD Entity, including, but not limited to, as an officer of the Company or any Company entityGLDD Entity, and (c) any fiduciary positions with respect to the Company’s benefit plans. In addition, and as a condition to receiving the Severance Pay described in Section 3.3 or the Change in Control Payment described in Section 3.4, Executive shall take any and all necessary steps to effectuate Executive’s resignation from such positions.

Removal from any Boards and Positions. If Executive’s employment is terminated for any reason under this Agreement, Executive will, immediately upon Executive’s termination of employmentTermination Date, be deemed to have resigned from (a) if a member, the Board as well as the board of directors of any Company entity GLDD Entity (as defined below) or any other board to which Executive he has been appointed or nominated by or on behalf of the Company, (b) any position with the Company or any Company entityGLDD Entity, including, but not limited to, as an officer of the Company or any Company entityGLDD Entity, and (c) any fiduciary positions with respect to the Company’s benefit plans. In addition, and as a condition to receiving the Resignation Pay described in Section 3.1, the Severance Pay described in Section 3.3 3.3, or the Change in Control Payment described in Section 3.4, 3.4 Executive shall take any and all necessary steps to effectuate Executive’s his resignation from such positions.

Removal from any Boards and Positions. If Executive’s employment is terminated for any reason under this Agreement, Executive will, immediately upon Executive’s termination of employment, be deemed to have resigned from (a) if a member, the Board as well as the board of directors of any Company entity GLDD Entity (as defined below) or any other board to which Executive he has been appointed or nominated by or on behalf of the Company, (b) any position with the Company or any Company entityGLDD Entity, including, but not limited to, as an officer of the Company or any Company entityGLDD Entity, and (c) any fiduciary positions with respect to the Company’s benefit plans. In addition, and as a condition to receiving the Severance Pay described in Section 3.3 or the Change in Control Payment described in Section 3.4, Executive shall take any and all necessary steps to effectuate Executive’s his resignation from such positions.

Removal from any Boards and Positions. If Executive’s employment is terminated for any reason under this Agreement, Executive will, immediately upon Executive’s termination of employment, be deemed to have resigned from (a) if a member, the Board as well as the board of directors of any Company entity GLDD Entity (as defined below) or any other board to which Executive has been appointed or nominated by or on behalf of the Company, (b) any position with the Company or any Company entityGLDD Entity, including, but not limited to, as an officer of the Company or any Company entityGLDD Entity, and (c) any fiduciary positions with respect to the Company’s benefit plans. In addition, and as a condition to receiving the Severance Pay described in Section 3.3 or the Change in Control Payment described in Section 3.4, Executive shall take any and all necessary steps to effectuate Executive’s resignation from such positions.