Common use of Resignation as Officer and Director Clause in Contracts

Resignation as Officer and Director. Upon termination or expiration of Employee’s employment by either party for any reason, Employee will also be deemed to have resigned Employee’s position(s), if any, as an officer or director of the Company, as a member of any committee the Board of Directors of the Company, as an officer, director, manager or any other office or position of any subsidiary or affiliate of the Company, and any other position(s) Employee holds at the request of, or for the benefit of, the Company or its subsidiaries or affiliates.

Appears in 4 contracts

Samples: Employment Agreement (Easton Pharmaceuticals Inc.), Employment Agreement (Easton Pharmaceuticals Inc.), Employment Agreement (Easton Pharmaceuticals Inc.)

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Resignation as Officer and Director. Upon termination or expiration of Employee’s employment by either party for any reason, Employee will also be deemed to have resigned Employee’s her position(s), if any, as an officer or director of the Company, as a member of any committee the Board of Directors of the Companycommittees, as an officer, director, manager or well as any other office or position of any subsidiary or affiliate of the Company, and any other position(s) Employee holds at the request of, positions she may hold with or for the benefit of, of the Company or and/or its subsidiaries or affiliates.

Appears in 2 contracts

Samples: Employment Agreement (Furiex Pharmaceuticals, Inc.), Employment Agreement (Furiex Pharmaceuticals, Inc.)

Resignation as Officer and Director. Upon termination or expiration of Employee’s employment by either party for any reason, Employee will also be deemed to have resigned Employee’s his position(s), if any, as an officer or director of the Company, as a member of any committee the Board of Directors of the Companycommittees, as an officer, director, manager or well as any other office or position of any subsidiary or affiliate of the Company, and any other position(s) Employee holds at the request of, positions he may hold with or for the benefit of, of the Company or and/or its subsidiaries or affiliates.

Appears in 2 contracts

Samples: Employment Agreement (Furiex Pharmaceuticals, Inc.), Employment Agreement (Furiex Pharmaceuticals, Inc.)

Resignation as Officer and Director. Upon termination or expiration of Employee’s employment by either party for any reason, Employee will also be deemed to have resigned Employee’s his or her position(s), if any, as an officer or director of the Company, as a member of any committee the Board of Directors of the Companycommittees, as an officer, director, manager or well as any other office positions he or position of any subsidiary or affiliate of the Company, and any other position(s) Employee holds at the request of, she may hold with or for the benefit of, of the Company or and/or its subsidiaries or affiliates.

Appears in 2 contracts

Samples: Employment Agreement (Furiex Pharmaceuticals, Inc.), Employment Agreement (Furiex Pharmaceuticals, Inc.)

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Resignation as Officer and Director. Upon termination or expiration the end of Employee’s employment by either party for any reasonemployment, Employee will also be deemed to have resigned Employee’s her position(s), if any, as an officer or director of the Company, as a member of any committee the Board of Directors of the Companycommittees, as an officer, director, manager or well as any other office or position of any subsidiary or affiliate of the Company, and any other position(s) Employee holds at the request of, positions she may hold with or for the benefit of, of the Company or and/or its subsidiaries or affiliates.

Appears in 2 contracts

Samples: Employment Agreement (Furiex Pharmaceuticals, Inc.), Employment Agreement (Furiex Pharmaceuticals, Inc.)

Resignation as Officer and Director. Upon termination or expiration of Employee’s employment by either party for any reason, Employee will also be deemed to have resigned Employee’s his position(s), if any, as an officer or director of the Company, as a member of any committee the Board of Directors of the Companycommittees, as an officer, director, manager or well as any other office positions he or position of any subsidiary or affiliate of the Company, and any other position(s) Employee holds at the request of, she may hold with or for the benefit of, of the Company or and/or its subsidiaries or affiliates.

Appears in 1 contract

Samples: Employment Agreement (Furiex Pharmaceuticals, Inc.)

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