Resignation as Officer or Director. Upon a termination of Employee’s employment hereunder for any reason, unless requested otherwise by Employer, Employee shall resign each position (if any) that Employee then holds as an officer or director of Employer or any of its Affiliates. For purposes of this Agreement, “Affiliate” means an Affiliate of Employer within the meaning of Rule 12b-2 promulgated under Section 12 of the Securities Exchange Act of 1934, as amended.
Appears in 8 contracts
Samples: Employment Agreement (OPENLANE, Inc.), Employment Agreement (KAR Auction Services, Inc.), Employment Agreement (KAR Auction Services, Inc.)
