Resignation; Continued Services as Director Sample Clauses

Resignation; Continued Services as Director. Luce xxxeby resigns from his position as President and Chief Executive Officer of Garden effective January 19, 1999 (the "Resignation Date"). After the Resignation Date, Luce xxxl receive from Garden only the compensation and benefits provided in this Second Amendment and hereby waives all other rights and benefits to which he might otherwise be entitled by virtue of the Employment Agreement or otherwise, including without limitation any and all rights to notice and any other severance benefits as defined in Section 10 of the Employment Agreement. Unless (i) he is not re-elected to the Board or (ii) he is requested to resign from the Board by Garden or any successor to Garden, Luce xxxees to continue to serve as a member of Garden's Board of Directors for a period of at least one (1) year from the date of this Second Amendment, unless and until he becomes an employee or director or serves in some other capacity for a competitor of Garden, in which case Luce xxxees to immediately resign from Garden's Board of Directors. In addition, Luce xxxees to assist Garden and its financial advisors as reasonably requested by any such party consistent with his role as an outside director.
Sample 1
AutoNDA by SimpleDocs

Related to Resignation; Continued Services as Director

  • 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.

  • Director Resignations The Company shall use its reasonable best efforts to cause to be delivered to Parent resignations executed by each director of the Company in office as of immediately prior to the Effective Time and effective upon the Effective Time.

  • Resignation as Officer In the event that Individual’s employment with the Company is terminated for any reason whatsoever, Individual agrees to immediately resign as an Officer and/or Director of the Company, if applicable, and any related entities. For the purposes of this Section 13, the term the "Company" shall be deemed to include subsidiaries, parents, and affiliates of the Company.

  • Resignation for Good Reason The Executive may resign his employment for Good Reason.

  • 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).

  • Resignation other than for Good Reason The Executive may voluntarily terminate the Agreement Term and his employment hereunder at any time for any reason, including for any reason that does not constitute Good Reason by giving the Company 30-days advance written notice of such termination.

  • Termination and Resignation of Agent (a) The Agent may be terminated at any time upon ten (10) days prior written notice from the Lead Securitization Note Holder. In the event that the Agent is terminated pursuant to this Section 30, all of its rights and obligations under this Agreement shall be terminated, other than any rights or obligations that accrued prior to the date of such termination.

  • Termination and Resignation Your services as a Director may be terminated for any or no reason by the determination of the Board. You may also terminate your services as a Director for any or no reason by delivering your written notice of resignation to the Company (“Resignation”), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company's obligations to pay you any compensation that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation.

  • 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.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!