Resignation as Director or Officer Sample Clauses

Resignation as Director or Officer. Executive fails, within a reasonable time after a termination of employment which is not wrongful on the part of Kaydon (or the Subsidiary employing Executive) and upon receiving a written request to do so, to resign as a director and/or officer of Kaydon and each Subsidiary and affiliate of Kaydon of which Executive is then serving as a director and/or officer.
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Resignation as Director or Officer. Executive shall fail, promptly after Termination and upon receiving a written request to do so, to resign as a director and/or officer of the Bank and each affiliate of the Bank of which he is then serving as a director and/or officer.
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Resignation as Director or Officer. If executive shall fail, promptly after Termination and upon receiving a written request to do so, to resign as a director and/or officer of FX and each subsidiary and affiliate of FX of which he is then serving as a director and/or officer.
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Resignation as Director or Officer. Executive shall fail, within a reasonable time after Termination and upon receiving a written request to do so, to resign as a director and/or officer of Kaydon and each subsidiary and affiliate of Kaydon of which he is then serving as a director and/or officer. In all other events, Kaydon's obligation to pay or cause to be paid to Executive the benefits and to make the arrangements provided in Section 3 shall be absolute and unconditional and shall not be affected by any circumstances, including, without limitation, any set off, counterclaim, recoupment, defense or other right which Kaydon may have against him or anyone else. Except as provided in Section 3(d), Executive's entitlement to benefits under this plan shall not be subject to any duty to mitigate his damages by seeking further employment nor offset by any compensation which he may receive from future employment. All amounts payable by or on behalf of Kaydon under this agreement shall, unless specifically stated to the contrary in this agreement, be paid without notice or demand. Each and every payment made hereunder by or on behalf of Kaydon shall be final and Kaydon and its subsidiaries shall not, for any reason whatsoever, seek to recover all or any part of such payment from Executive or from whomever shall be entitled thereto.
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Resignation as Director or Officer. In the event of termination of the Contract (termination of employment), the Executive shall cease to act as a director or officer of the Employer and shall immediately resign from such position.
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Resignation as Director or Officer. In the event that the Executive is a director or an officer of Wheels, or any of the other subsidiaries or affiliates of Wheels as at the date that this Agreement and the Executive’s employment is terminated for any reason, the Executive undertakes to immediately tender his resignation in writing from any position that the Executive holds as a director or an officer of Wheels, or any of the other subsidiaries or affiliates of Wheels, and that such resignation shall be effective upon the date of the Executive’s resignation or termination or the date that the Executive’s employment ceases by reason of death or Disability.
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Resignation as Director or Officer. COLLEN shall fail, within txxxxx (30) days after receiving notice to do so after Termination, to resign as a director and/or officer of CARBONIC and each subsidiary and affiliate of CARBONIC of which he is then serving as a director and/or officer.
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Related to Resignation as Director or Officer

  • Resignation as Director Upon the Company’s written request, Executive agrees to promptly resign as a member of the Company’s Board of Directors following any termination of his employment with the Company (or any parent or subsidiary of the Company).

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

  • No Agreement as Director or Officer Shareholder makes no agreement or understanding in this Agreement in Shareholder’s capacity as a director or officer of the Company or any of its Subsidiaries (if Shareholder holds such office), and nothing in this Agreement: (a) will limit or affect any actions or omissions taken by Shareholder in Shareholder’s capacity as such a director or officer, including in exercising rights under the Merger Agreement, and no such actions or omissions shall be deemed a breach of this Agreement or (b) will be construed to prohibit, limit or restrict Shareholder from exercising Shareholder’s fiduciary duties as an officer or director to the Company or its Shareholders.

  • Resignation as Officer and Director Upon termination of this Agreement and the Executive’s employment hereunder for any reason by either party, the Executive shall be deemed to have resigned from all offices and positions the Executive may hold with the Company at such time including without limitation Board membership and/or positions as an officer of the Company.

  • Resignation of Directors and Officers The directors and officers of the Company in office immediately prior to the Effective Time shall have resigned as directors and officers of the Surviving Corporation effective immediately following the Effective Time.

  • Resignation of Directors A director may resign at any time by delivering written notice to the Board, its Chairman (as hereinafter defined), if any, or the Company. A resignation shall be effective when the notice is delivered unless the notice specifies a later effective date.

  • Director A member of the Board of Directors of the Company.

  • Resignation of Executive Upon any termination of the Executive's employment under this Agreement, the Executive shall be deemed to have resigned from any and all offices and directorships held by the Executive in the Company and/or any of the Affiliates (as defined below).

  • Continuing Director A "Continuing Director" shall mean a Director of the Company who (i) is not an Acquiring Person, an Affiliate or Associate, a representative of an Acquiring Person or nominated for election by an Acquiring Person, and (ii) was either a member of the Board of Directors of the Company on the date of this Agreement or subsequently became a Director of the Company and whose initial election or initial nomination for election by the Company's stockholders was approved by at least two-thirds of the Continuing Directors then on the Board of Directors of the Company.

  • Resignation from Directorships and Officerships The termination of the Executive’s employment for any reason will constitute the Executive’s resignation from (i) any director, officer or employee position the Executive has with the Company or any of its Affiliates, and (ii) all fiduciary positions (including as a trustee) the Executive holds with respect to any employee benefit plans or trusts established by the Company. The Executive agrees that this Agreement shall serve as written notice of resignation in this circumstance, unless otherwise required by any plan or applicable law.

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