Common use of Resignation from All Positions Clause in Contracts

Resignation from All Positions. Notwithstanding any other provision of this Agreement, upon the termination of the Executive’s employment for any reason, unless otherwise requested by the Company, the Executive must immediately resign as of the Date of Termination or the Date of Termination for Good Reason from all positions that he holds or has ever held with the Company and any other member of the Affiliated Group (and with any other entities with respect to which the Company has requested the Executive to perform services), including, without limitation, all boards of directors of any member of the Affiliated Group. The Executive agrees to execute any and all documentation to effectuate the resignations upon request by the Company, but he will be treated for all purposes as having resigned on the Date of Termination or the Date of Termination for Good Reason, regardless of when or whether he executes any such documentation.

Appears in 2 contracts

Samples: Employment Agreement (Freescale Semiconductor Holdings I, Ltd.), Employment Agreement (Freescale Semiconductor Holdings I, Ltd.)

AutoNDA by SimpleDocs

Resignation from All Positions. Notwithstanding any other provision of this Agreement, upon Upon the termination of the Executive’s employment for any reasonon the Termination Date, unless otherwise requested by the Executive shall immediately resign from all positions, offices, committees and/or directorships that he holds with the Company, the Executive must immediately resign as of the Date of Termination or the Date of Termination for Good Reason from all positions that he holds or has ever held with the Company its Subsidiaries and any other member of the Affiliated Group their respective affiliates (and with any other entities with respect to which the Company has requested the Executive to perform services), as applicable, including, without limitation, all elected officer and boards of directors of any member of directors’ positions (and committees thereof) immediately prior to the Affiliated GroupTermination Date and as listed in Exhibit C attached hereto. The Executive hereby agrees to execute any and all documentation to effectuate the such resignations upon request by the Company, but he will shall be treated for all purposes as having so resigned on the Date upon termination of Termination or the Date of Termination for Good Reasonhis employment, regardless of when or whether he executes any such documentation.

Appears in 1 contract

Samples: Agreement May 24, 2006 (HealthMarkets, Inc.)

Resignation from All Positions. Notwithstanding any other provision of this Agreement, upon on the Transition Date or on the earlier termination of the Executive’s employment for any reason, unless otherwise requested by the Company, the Executive must shall immediately resign as of the Date of Termination or the Date of Termination for Good Reason from all positions that he holds or has ever held with the Company and any other member of the Affiliated Group its affiliates (and with any other entities with respect to which the Company has requested the Executive to perform services); provided, includinghowever, without limitationif Executive remains employed with the Company through the Transition Date, all boards of directors of any member such resignations shall not include a resignation as the Chairman of the Affiliated GroupBoard. The Executive hereby agrees to execute any and all documentation to effectuate the such resignations upon request by the Company, but he will shall be treated for all purposes as having so resigned on the Date upon termination of Termination or the Date of Termination for Good Reasonhis employment, regardless of when or whether he executes any such documentation.

Appears in 1 contract

Samples: Transition Agreement (Primerica, Inc.)

AutoNDA by SimpleDocs

Resignation from All Positions. Notwithstanding any other provision of this Agreement, upon the termination of the Executive’s employment for any reason, unless otherwise requested by the CompanyParent Board, the Executive must shall immediately resign as of the Date of Termination or the Date of Termination for Good Reason from all positions that he holds or has ever held with the Company and any other member of the Affiliated Group (and with any other entities with respect to which the Company has requested the Executive to perform services), including, without limitation, the Board, the Parent Board and all boards of directors of any member of the Affiliated Group. The Executive hereby agrees to execute any and all documentation to effectuate the such resignations upon request by the Company, but he will shall be treated for all purposes as having so resigned on the Date upon termination of Termination or the Date of Termination for Good Reasonhis employment, regardless of when or whether he executes any such documentation.

Appears in 1 contract

Samples: Employment Agreement (Freescale Semiconductor Inc)

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