Common use of Resignation from Board Clause in Contracts

Resignation from Board. In the event Employee is a member of the board of directors of the Company or any of its subsidiaries, and Employee's employment by the Company is terminated for any reason (other than Employee's death), Employee shall immediately resign as a member of such board of directors 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.

Appears in 3 contracts

Samples: Employment Agreement (Ocean Energy Inc /Tx/), Employment Agreement (Ocean Energy Inc /Tx/), Employment Agreement (Ocean Energy Inc /Tx/)

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Resignation from Board. In the event Employee is a member of the board of directors of the Company or any of its subsidiaries, and 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 such the Board and the board of directors upon the written request of any of the Chairman of the BoardEmployer’s subsidiaries. Nothing herein shall be deemed to limit the power of the shareholders of the Company Employer to at any time remove any director, including, without limitation, Employee, in accordance with applicable law.

Appears in 1 contract

Samples: Employment Agreement (ALL Fuels & Energy Co)

Resignation from Board. In the event Employee is a member of the board of directors of the Company or any of its subsidiaries, and Employee's employment by the Company is terminated for any reason (other than Employee's death), Employee shall immediately resign as a member of such board of directors 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, including without limitation, Employee, in accordance with applicable law.

Appears in 1 contract

Samples: Employment Agreement (Ocean Energy Inc /Tx/)

Resignation from Board. In the event Employee is acknowledges and agrees that he shall and hereby does resign as a member of the board of directors of the Company or and any of its subsidiaries, and Employee's employment by the Company including any committees of which Employee is terminated for any reason (other than Employee's death)a member, Employee shall immediately resign effective as a member of such board of directors 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 lawEffective Date.

Appears in 1 contract

Samples: Separation Agreement (Varsity Group Inc)

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Resignation from Board. In the event Employee is a member of the board of directors ----------------------- of the Company or any of its subsidiaries, and Employee's employment by the Company is terminated for any reason (other than Employee's death), Employee shall immediately resign as a member of such board of directors 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. 9.

Appears in 1 contract

Samples: Employment Agreement (Ocean Energy Inc /Tx/)

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