Resignation from Board. In the event Employee’s employment by the Company is terminated for any reason (other than Employee’s death), Employee shall immediately resign as a member of the Board and the board of directors of any of the Company’s subsidiaries. Nothing herein shall be deemed to limit the power of the shareholders of the Company to at any time remove any director, including, without limitation, Employee, in accordance with applicable law. All payments to Employees pursuant to this Agreement shall be conditioned upon Employee’s compliance with his obligations under this Section 9(j).
Appears in 4 contracts
Samples: Employment Agreement (Gulf United Energy, Inc.), Employment Agreement (Gulf United Energy, Inc.), Employment Agreement (Endeavour International Corp)
Resignation from Board. In the event Employee’s 's employment by the Company is terminated for any reason (other than Employee’s 's death), Employee shall immediately resign as a member of the Board and the board of directors of any of the Company’s subsidiaries's subsidiaries he may be a member of upon the written request of the Chairman of the Board. Nothing herein shall be deemed to limit the power of the shareholders of the Company to at any time remove any director, including, without limitation, Employee, in accordance with applicable law. All payments to Employees pursuant to this Agreement shall be conditioned upon Employee’s 's compliance with his obligations under this Section 9(j).
Appears in 2 contracts
Samples: Employment Agreement (Endeavour International Corp), Employment Agreement (Endeavour International Corp)
Resignation from Board. In the event Employee’s employment by the Company is terminated for any reason (other than Employee’s death), Employee shall immediately resign as a member of the Board and the board of directors of any of the Company’s subsidiaries. Nothing herein shall be deemed to limit the power of the shareholders of the Company to at any time remove any director, including, without limitation, Employee, in accordance with applicable law. All payments to Employees pursuant to this Agreement shall be conditioned upon Employee’s compliance with his obligations under this Section 9(j8(j).
Appears in 2 contracts
Samples: Employment Agreement (Texas Rare Earth Resources Corp.), Employment Agreement (Gulf United Energy, Inc.)
Resignation from Board. In the event Employee’s employment by the Company is terminated for any reason (other than Employee’s death), Employee shall immediately resign as a member of the Board and the board of directors of any of the Company’s subsidiaries. Nothing herein shall be deemed to limit the power of the shareholders of the Company to at any time remove any director, including, without limitation, Employee, in accordance with applicable law. All payments to Employees Employee pursuant to this Agreement shall be conditioned upon Employee’s compliance with his obligations under this Section 9(j).
Appears in 1 contract
Samples: Employment Agreement (Endeavour International Corp)
