Common use of Resignation from Board Clause in Contracts

Resignation from Board. If [Executive/Employee] is a member of the Board as of the Qualifying Termination, [Executive/Employee] will not be eligible for the Severance Benefits unless he or she promptly resigns from the Board if requested to do so by a majority of the Board.

Appears in 2 contracts

Samples: Change of Control Severance Benefits Agreement, Change of Control Severance Benefits Agreement (Medivation, Inc.)

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Resignation from Board. If [Executive/Employee] Executive is a member of the Board as of the Qualifying Termination, [Executive/Employee] Executive will not be eligible for the Severance Benefits unless he or she promptly resigns from the Board if requested to do so by a majority of the Board.

Appears in 2 contracts

Samples: Severance Benefits Agreement (Medivation, Inc.), Change of Control Severance Benefits Agreement (Medivation, Inc.)

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