Resignation as Chief Executive Officer Sample Clauses

Resignation as Chief Executive Officer. Executive shall resign from his positions as the Company’s President, Chief Executive Officer and Secretary and as a member of the boards of directors of subsidiaries of the Company effective on October 23, 2012 (the “Effective Date”).
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Resignation as Chief Executive Officer. Effective on the close of business December 31, 2002, you will resign from your position as Chief Executive Officer of both the Holding Company and the Insurance Company as well as from all other positions as an officer of the Group. The only positions you will retain are Chairman of the Board of both the Holding Company and the Insurance Company and an employee of the Insurance Company. You understand that your resignation will be irrevocable and that no other action is required for it to become effective. You agree, however, to sign the additional letters of resignation in the form attached in Annex 1.
Sample 1
Resignation as Chief Executive Officer. (a) Gang resigned from his position as chief executive officer of AlphaNet effective December 1, 2001. Notwithstanding the foregoing, Gang agrees to remain an employee of AlphaNet whose sole responsibility is to make himself reasonably available from time to time to the Chief Executive Officer and Board of Directors of the Company for consultation with reasonable notice and at times mutually agreeable to the parties during regular business hours on policy and significant and material developments and planning for the Company. Gang shall be entitled to make himself available, at his option, by telephone or other electronic method as he shall reasonably determine and need not provide consultation from any particular location or at any particular time except as aforesaid nor shall the Company require him to make himself available at such times, as Gang shall notify the Company in advance that he is on vacation or is otherwise unavailable. Gang will not be required to participate in the day to day operations of the business. (b) Notwithstanding anything to the contrary, as of December 1, 2002 Gang hereby waives any and all compensation and benefits to which employees of AlphaNet or any successor of AlphaNet would be otherwise entitled. Gang’s sole compensation and benefits as an employee is limited to the compensation and benefits specifically set forth in this Agreement. 2.
Sample 1
Resignation as Chief Executive Officer. Appointment as Chief ----------------------------------------------------------------------- Technical Officer. ----------------- At some time after the Effective Date, the Board of Directors of the Company (the "Board") may determine that the new President is eligible to be appointed Chief Executive Officer. In this event, the Board will request that Executive resign his position as Chief Executive Officer effective as of the date specified by the Board, Executive will comply with such request, and, as of such specified date, Executive will no longer serve as Chief Executive Officer and will become Chief Technical Officer. Upon Executive becoming Chief Technical Officer, the parties agree that: 1. Sections 2 and 3(a)-(b) of the Agreement will continue to apply in this new position, with the following changes: a. In the event Executive's position as Chief Technical Officer is terminated without Cause, 100% of Executive's unvested options to purchase common stock will vest upon such termination. In the event Executive is terminated for Cause at any time, his unvested options will expire as of the date of such termination. b. The definition of termination without "Cause" relating to voluntary termination by Executive will not include Executive's termination as a result of his being divested of his title of, or resigning as, Chief Executive Officer and becoming Chief Technical Officer. Executive agrees that there will be no deemed reduction in employment status or duties by virtue of this change in position and title for purposes of this Amendment. 2. Sections 3(c)-(e) of the Agreement are deleted in their entirety.
Sample 1
Resignation as Chief Executive Officer. Executive shall resign as an employee, officer and director of the Company and its Affiliates effective as of the close of business on the Termination Date (defined below). Notwithstanding any other written or oral agreements between the Company and Executive relating to Executive's employment or termination thereof, and all subsequent amendments thereto, including but not limited to the Employment Agreement, such resignation shall not be deemed to be a breach by Executive or the Company of any such agreements, and in consideration of the payments and benefits herein described, any and all terms set forth in such agreements, including but not limited to the Employment Agreement and the Income Plan, shall terminate and cease to have any effect as of the Effective Date. Executive agrees to execute all other documents that the Company requests that he execute to evidence his termination of employment, officerships and directorships with the Company and its Affiliates. Executive represents, understands and agrees that he will not, at any time, apply for, seek, or accept any employment with, and waives any right to employment with, the Company and its Affiliates.
Sample 1
Resignation as Chief Executive Officer. As of January 8, 2020, Executive will be deemed to have resigned voluntarily from his position as Chief Executive Officer and as an officer and director of any of Parent’s subsidiaries or affiliates of Parent (including the Company), without any further required action by the Executive; provided however, if Parent or the Company requests, Executive will execute any documents necessary to reflect his resignation.
Sample 1
Resignation as Chief Executive Officer. Xx. Xxxxxxx and the Company acknowledge and agree that Xx. Xxxxxxx shall resign as Chief Executive Officer of the Company, effective as of the date on which the Company has hired a new Chief Executive Officer (the "Resignation Date"). In this regard, Xx. Xxxxxxx agrees that he shall use his best efforts to assist and cooperate with the Company in transitioning for a period of six months the day-to-day leadership of the Company to the Company's new Chief Executive Officer by meeting with the new Chief Executive Officer as reasonably requested by him and responding to requests for information to Xx. Xxxxxxx'x knowledge (including with respect to Pakistan and Europe) concerning past activities of the Company, its technologies, its future plans, its key employees, problems that may be facing the Company and suggested solutions for them, and similar matters, and by encouraging present key employees to assist and cooperate with the new Chief Executive Officer, and by making introductions to key suppliers and customers with whom Xx. Xxxxxxx is acquainted (the "CEO Transition Process"). Xx. Xxxxxxx acknowledges and agrees that in the event he fails to perform his obligations to the Company in the CEO Transition Process, or undertakes any actions regarding the activities of the Company that are not Requested Actions (as defined in Section 2(a)), such failure or action shall constitute an event of Cause (as such term is defined in Section 3(c) below) for termination of his position as Chairman of the Board and of the Consulting Arrangement after the Resignation Date and termination of the Company's obligations to him under this Agreement or otherwise.
Sample 1
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Resignation as Chief Executive Officer. Xxxxxx hereby resigns as Chief Executive Officer of the Company effective August 12, 2004 (the “Separation Date”), and the Company hereby accepts such resignation.
Sample 1

Related to Resignation as Chief Executive Officer

  • Chief Executive Officer The Chief Executive Officer shall, under the direction of the Member and Board of Managers, perform all duties incident to the office of Chief Executive Officer, have general charge of the business, affairs and property of the LLC and general supervision over the other Officers and any of the LLC's employees and agents and see that all orders and resolutions of the LLC are carried into effect.

  • President and Chief Executive Officer The president shall be the chief executive officer of the Trust, unless the Board of Trustees designates the chairman as chief executive officer. The chief executive officer shall see that all orders and resolutions of the Board of Trustees are carried into effect. The chief executive officer shall also be the chief administrative officer of the Trust and shall perform such other duties and have such other powers as the Board of Trustees may from time to time prescribe.

  • Chief Executive Office The chief executive office of Seller is located at 000 Xxxxxx Xxxxxx, Xxxxx 0000, Xxxx Xxxxx, Xxxxx 00000.

  • Chief Executive Offices The chief executive office of each Loan Party is located at the address set forth in Schedule 2 hereto.

  • CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER CERTIFICATION The undersigned Chief Executive Officer and Chief Fiscal Officer of the Recipient, as both are designated in Appendix B of the Agreement, hereby request the Director to disburse financial assistance moneys made available to Project in Appendix C of the Agreement (inclusive of any amendment thereto) to the payee as identified below in the amount so indicated which amount equals the product of the Disbursement Ratio and the dollar value of the attached cost documentation which was properly billed to the Recipient in exclusive connection with the performance of the Project. The undersigned further certify that:

  • Resignation as Officer or Director Upon a termination of employment for any reason, Executive shall, resign each position (if any) that Executive then holds as an officer or director of the Company and any of its affiliates. Executive’s execution of this Agreement shall be deemed the grant by Executive to the officers of the Company of a limited power of attorney to sign in Executive’s name and on Executive’s behalf any such documentation as may be required to be executed solely for the limited purposes of effectuating such resignations.

  • President Unless the Trustees otherwise provide, the President shall preside at all meetings of the shareholders and of the Trustees. Unless the Trustees otherwise provide, the President shall be the chief executive officer.

  • Chief Operating Officer The Chief Operating Officer shall be responsible for managing the day to day operations of the Company and shall see to it that all orders of the Chief Executive Officer are carried into effect.

  • Certificate of Chief Financial Officer On the date of this Agreement and on the Closing Date or the Additional Closing Date, as the case may be, the Company shall have furnished to the Representatives a certificate, dated the respective dates of delivery thereof and addressed to the Underwriters, of its chief financial officer with respect to certain financial data contained in the Pricing Disclosure Package and the Prospectus, providing “management comfort” with respect to such information, in form and substance reasonably satisfactory to the Representatives.

  • Name; Location of Chief Executive Office Except as disclosed in the Schedule, Borrower has not done business under any name other than that specified on the signature page hereof. The chief executive office of Borrower is located at the address indicated in Section 10 hereof.

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