Common use of Resignation as Officer or Director Clause in Contracts

Resignation as Officer or Director. Unless requested otherwise by the Company, upon any termination of the Executive’s employment hereunder the Executive shall resign each position (if any) that the Executive then holds as an officer or director of the Company, any affiliate of the Company and any other entity that the Company manages or that the Executive is serving at the request 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.

Appears in 9 contracts

Samples: Employment Agreement (DigitalBridge Group, Inc.), Employment Agreement (DigitalBridge Group, Inc.), Employment Agreement (DigitalBridge Group, Inc.)

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Resignation as Officer or Director. Unless Upon a termination of employment, unless requested otherwise by the Company, upon any termination of the Executive’s employment hereunder the Executive shall resign each position (if any) that the Executive then holds as an a director or officer or director of the Company, any affiliate of the Company and or of any other entity that Affiliates of the Company manages or that with the Executive is serving exception of any such positions concurrently held at the request of the Companyother GNI Group companies. The Executive’s execution of this Agreement shall be deemed the grant by the Executive to the officers of the Company of a limited irrevocable power of attorney (which is deemed coupled with an interest) 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 resignationsresignations as an officer.

Appears in 3 contracts

Samples: Employment Agreement (Gyre Therapeutics, Inc.), Employment Agreement (Gyre Therapeutics, Inc.), Employment Agreement (Gyre Therapeutics, Inc.)

Resignation as Officer or Director. Unless requested otherwise by the Company, upon any termination of the Executive’s employment hereunder the Executive shall resign each position (if any) that the Executive then holds as an officer or director of the Company, Company or of any affiliate of the Company and or any other entity that managed by the Company manages or that the Executive is serving at the request of the Companyits affiliates. 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.

Appears in 1 contract

Samples: Employment Agreement (Colony Capital, Inc.)

Resignation as Officer or Director. Unless requested otherwise by the Company, upon any termination of the Executive’s employment hereunder the Executive 10 shall resign each position (if any) that the Executive then holds as an officer or director of the Company, any affiliate of the Company and or any other entity that the Company manages where he is an officer or that the Executive is serving director at the request or direction 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.

Appears in 1 contract

Samples: Employment Agreement

Resignation as Officer or Director. Unless requested otherwise by the Company, upon any termination of the Executive’s employment hereunder the Executive shall resign each position (if any) that the Executive then holds as an officer or director of CCRE, BRSP or any other affiliate of the Company, any affiliate of the Company and any other entity that the Company manages or that the Executive is serving at the request 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.

Appears in 1 contract

Samples: Employment Agreement (BrightSpire Capital, Inc.)

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Resignation as Officer or Director. Unless requested otherwise by the Company, upon any termination of the Executive’s employment hereunder the Executive shall resign each position (if any) that the Executive then holds as an officer or director of the Company, any affiliate of the Company and or any other entity that the Company manages where he is an officer or that the Executive is serving director at the request or direction 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.

Appears in 1 contract

Samples: Employment Agreement (Colony Capital, Inc.)

Resignation as Officer or Director. Unless requested otherwise by the Company, upon any termination of the Executive’s employment hereunder the Executive shall resign each position (if any) that the Executive then holds as an officer or director of CCRE, CLNC or any other affiliate of the Company, any affiliate of the Company and any other entity that the Company manages or that the Executive is serving at the request 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.

Appears in 1 contract

Samples: Employment Agreement (Colony Credit Real Estate, Inc.)

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