Common use of Resignation as Director and Officer Clause in Contracts

Resignation as Director and Officer. In the event of any termination or resignation pursuant to Sections 4.1, 4.3, 4.4 or 5, the Employee shall be deemed to have resigned voluntarily as an officer and director of the Company (and of any subsidiaries of the Company) if he was serving in either of such capacities at the time of termination.

Appears in 3 contracts

Samples: Indemnification Agreement (SRS Labs Inc), Indemnification Agreement (SRS Labs Inc), Indemnification Agreement (SRS Labs Inc)

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Resignation as Director and Officer. In the event of any termination or resignation pursuant to Sections 4.1, 4.3, 4.4 or 5, the Employee shall be deemed to have resigned voluntarily as an officer and director of the Company (and of any subsidiaries of the Company, if any) if he was serving in either of such capacities at the time of termination.

Appears in 1 contract

Samples: Employment Agreement (SRS Labs Inc)

Resignation as Director and Officer. In the event of any termination or resignation pursuant to Sections 4.1, 4.3, 4.4 4.3 or 54.4, the Employee shall be deemed to have resigned voluntarily as an officer and director of the Company (and of any subsidiaries of the Company) if he was serving in either any of such capacities at the time of termination.

Appears in 1 contract

Samples: Employment Agreement (Inland Entertainment Corp)

Resignation as Director and Officer. In the event of any termination or resignation pursuant to Sections Section 4.1, 4.3, 4.4 or 55 above, the Employee shall be deemed to have resigned voluntarily as an officer and director of the Company (and of any subsidiaries affiliates of the Company) ), if and to the extent he was serving in either any of such capacities at the time of termination.

Appears in 1 contract

Samples: Employment Agreement (Clothestime Inc)

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Resignation as Director and Officer. In the event of any termination or resignation pursuant to Sections 4.1, 4.3, 4.4 or 5, the Employee shall be deemed to have resigned voluntarily as an officer and director of the Company (and of any subsidiaries of the Company) if he was serving in either any of such capacities at the time of termination.

Appears in 1 contract

Samples: Employment Agreement (Inland Entertainment Corp)

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