Common use of Resignation from Board Clause in Contracts

Resignation from Board. Employee understands and agrees that upon submitting or receiving notice of termination of his employment with Employer as provided herein, and if Employee is a member of the Board of Directors of Employer or any of its affiliates at such time, he shall immediately submit in writing to Employer his resignation as a member of such Board of Directors.

Appears in 1 contract

Samples: Ridley Employment Agreement (Acap Corp)

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Resignation from Board. Employee understands and agrees that upon submitting or receiving notice In the event of termination of Employee's employment under this Agreement for any reason whatsoever, Employee agrees that he will resign from his employment with Employer service as provided herein, and if Employee is a member of the Board effective as of Directors his Date of Employer or any of its affiliates at such time, he shall immediately submit in writing to Employer his resignation as a member of such Board of DirectorsTermination.

Appears in 1 contract

Samples: Employment Agreement (Alamosa Holdings Inc)

Resignation from Board. Employee understands and agrees that upon submitting or receiving notice of termination of his In the event the Employee’s employment with Employer as provided hereinthe Company is terminated for any reason, and if the Employee is a member of agrees to tender his resignation from the Board and any other board or officer positions held with the Company and its affiliates, effective no later than the date of Directors of Employer termination, or any of its affiliates at such other mutually agreeable time, he shall immediately submit in writing to Employer his resignation as a member of such Board of Directors.

Appears in 1 contract

Samples: Employment Agreement (Ascent Assurance Inc)

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Resignation from Board. Employee understands and agrees that upon submitting or receiving notice In the event of termination of Employee's employment under this Agreement for any reason whatsoever, Employee agrees that he will resign from his employment with Employer service as provided herein, and if Employee is a member of the Board and Chairman thereof effective as of Directors his Date of Employer or any of its affiliates at such time, he shall immediately submit in writing to Employer his resignation as a member of such Board of DirectorsTermination.

Appears in 1 contract

Samples: Employment Agreement (Alamosa Holdings Inc)

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