Common use of Resignation as a Director Clause in Contracts

Resignation as a Director. On termination of the Employment for any reason, you must immediately, at the request of the Company resign your office as a director of the Company and of any other Group Company or Associated Company without compensation for loss of office but without prejudice to any rights which you may have to treat such request as a breach of this Agreement.

Appears in 2 contracts

Samples: Service Agreement (Reuters Group PLC /Adr/), Service Agreement (Reuters Group PLC /Adr/)

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Resignation as a Director. On Upon any termination of the Employment for any reasonyour employment, you must immediately, at the request of agree to promptly resign in a writing delivered to the Company resign your office as a an officer and director of the Company and of any affiliate and from any other Group Company or Associated Company without compensation for loss of office but without prejudice to any rights which you may have to treat such request as a breach of this Agreementfiduciary position with the foregoing.

Appears in 2 contracts

Samples: Employment Agreement (Overseas Shipholding Group Inc), Terms of Employment (Overseas Shipholding Group Inc)

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Resignation as a Director. On Upon termination of the Employment for any reasonyour employment, you must immediatelyagree, at the request of if the Company resign your office requests, to deliver to the Company promptly a written resignation as a director of the Company and Company, effective upon the date of any other Group Company or Associated Company without compensation for loss of office but without prejudice to any rights which you may have to treat such request as a breach of this Agreementemployment termination.

Appears in 1 contract

Samples: Employment Agreement (Cellegy Pharmaceuticals Inc)

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