Common use of Resignation from Board of Directors Clause in Contracts

Resignation from Board of Directors. Upon cessation of Executive’s employment by Employer, for any reason or reasons, Executive shall immediately resign from the Board of Directors of MPC and PHI, as applicable.

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (Phosphate Holdings, Inc.)

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Resignation from Board of Directors. Upon cessation of Executive’s employment by Employer, for any reason or reasons, and if Executive shall then be a member of the Board of Directors of PHI or MPC, Executive shall immediately resign from the Board of Directors of MPC and PHI, as applicable.

Appears in 1 contract

Samples: Employment Agreement (Phosphate Holdings, Inc.)

Resignation from Board of Directors. Upon cessation of Executive’s employment by Employer, Employer for any reason and if Executive shall then be a member of the Board of Directors of PHI or reasonsMPC, Executive shall immediately resign from the Board of Directors of MPC and PHI, as applicable.

Appears in 1 contract

Samples: Employment Agreement (Phosphate Holdings, Inc.)

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Resignation from Board of Directors. Upon cessation of Executive’s employment by Employer, for any reason or reasons, Executive shall immediately resign from the Board of Directors of MPC Holdings, Transnetyx and PHIHarmonyx, as applicable.

Appears in 1 contract

Samples: Employment Agreement (BGS Acquisition Subsidiary, Inc.)

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