Common use of Resignation as Officer and Director Clause in Contracts

Resignation as Officer and Director. It is understood that if Executive has been, or at any time hereafter is, appointed to the Board of Directors of the Company, upon termination of this Agreement and Executive’s employment hereunder for any reason, unless otherwise agree between the Company and Executive, Executive shall also be deemed to have resigned as a member, if applicable at such time, of the Company’s Board of Directors, as well as any and all positions Executive may hold as an officer of the Company.

Resignation as Officer and Director. It is understood that if Executive Employee has been, or at any time hereafter is, appointed to the Board of Directors of the Company, upon termination of this Agreement and ExecutiveEmployee’s employment hereunder for any reason, unless otherwise agree between the Company and ExecutiveEmployee, Executive Employee shall also be deemed to have resigned as a member, if applicable at such time, of the Company’s Board of Directors, as well as any and all positions Executive Employee may hold as an officer of the Company.