Common use of Resignation from Directorships and Officerships Clause in Contracts

Resignation from Directorships and Officerships. The termination of the Executive’s employment with the Company for any reason will constitute the Executive’s immediate resignation from (a) any officer or employee position the Executive has with the Company or any of its Affiliates, and (b) all fiduciary positions (including as a trustee) the Executive holds with respect to any employee benefit plans or trusts established by the Company. The termination of the Executive’s employment with the Company for Cause or as a result of Executive’s death or Disability will constitute the Executive’s immediate resignation from any director position the Executive has with the Company or any of its Affiliates. The Executive agrees that this Agreement shall serve as written notice of resignation in such circumstances, unless otherwise required by any plan or applicable law.

Resignation from Directorships and Officerships. The termination of the Executive’s employment with the Company for any reason will shall constitute the Executive’s immediate resignation from (ai) any director, officer or employee position the Executive has with the Company or any of its Affiliates, subsidiaries and (bii) all fiduciary positions (including as a trustee) the Executive holds with respect to any employee benefit plans or trusts established by the Company. The termination ; provided, that in the event the Executive’s employment is terminated following the Executive’s successful completion of the Executive’s employment with role, as reasonably determined by the Company for Cause or Board in its sole discretion, then he will not be required to resign as a result member of Executive’s death or Disability will constitute the Executive’s immediate resignation from any director position Board unless otherwise determined by the Executive has with the Company or any of its AffiliatesCompany. The Executive agrees that this Agreement shall serve as written notice of resignation in such circumstances, unless otherwise required by any plan or applicable lawthis circumstance.

Resignation from Directorships and Officerships. The Without limiting the Executive’s rights under this Agreement, the termination of the Executive’s employment with the Company for any reason will shall constitute the Executive’s immediate resignation from (ai) any director or officer position the Executive has with the Company, (ii) any director, officer or employee position the Executive has with any subsidiary or affiliate of the Company Company, Vector or any of its Affiliates, Vector Entity and (biii) all fiduciary positions (including as a trustee) the Executive holds with respect to any employee benefit plans or trusts established by the Company. The To the extent that notice is required for any such resignations, the notice of termination of the Executive’s employment with the Company for Cause or as a result of Executive’s death or Disability will constitute the Executive’s immediate resignation from any director position the Executive has with the Company or any of its Affiliates. The Executive agrees that given pursuant to this Agreement shall serve as written constitute notice of resignation in such circumstances, unless otherwise required by any plan or applicable lawadditional resignations.

Resignation from Directorships and Officerships. The termination of the Executive’s employment with the Company for any reason will constitute the Executive’s immediate resignation from (ai) any director, officer or employee position the Executive has with the Company or any of its Affiliates, and subsidiaries or affiliates; (bii) all fiduciary positions (including as a trustee) the Executive holds with respect to any employee benefit plans or trusts established by the Company. The termination ; and (iii) resignation from a seat on any non-Company board of directors that the Executive’s employment with the Company for Cause or Executive holds solely as a result of Executive’s death or Disability will constitute the Executive’s immediate resignation from any director position the Executive has with the Company or any of its AffiliatesCompany. The Executive agrees that this Agreement shall serve as written notice of resignation in such circumstancesthis circumstance, unless otherwise required by any plan or applicable law.

Resignation from Directorships and Officerships. The termination of the Executive’s employment with the Company for any reason will shall constitute the Executive’s immediate resignation from (ai) any officer or employee position the Executive has with the Company or any of its AffiliatesCompany, unless mutually agreed upon by the Executive and the Board; and (bii) all fiduciary positions (including as a trustee) the Executive holds with respect to any employee benefit plans or trusts established by the Company. The termination of the Executive’s employment with by the Company for Cause or (as a result of Executive’s death or Disability will defined in Section 9(a)) shall constitute the Executive’s immediate and automatic resignation from any director position on the Executive has with Company’s Board of Directors; and the Company or any of its Affiliates. The Executive agrees that this Agreement shall serve as written notice of resignation in such circumstances, unless otherwise required by any plan or applicable lawthis circumstance.

Resignation from Directorships and Officerships. The termination of the Executive’s Employee's employment with the Company for any reason will shall constitute the Executive’s immediate Employee's resignation from (ai) any director, officer or employee position the Executive Employee has with the Company or any of its Affiliates, subsidiaries and (bii) all fiduciary positions (including as a trustee) the Executive Employee holds with respect to any employee benefit plans or trusts established by the Company; provided, that in the event the Employee 's employment is terminated following the Employee's successful completion of the Employee's role, as reasonably determined by the Board in its sole discretion, then he will not be required to resign as a member of the Board unless otherwise determined by the Company. The termination of the Executive’s employment with the Company for Cause or as a result of Executive’s death or Disability will constitute the Executive’s immediate resignation from any director position the Executive has with the Company or any of its Affiliates. The Executive Employee agrees that this Agreement shall serve as written notice of resignation in such circumstances, unless otherwise required by any plan or applicable lawthis circumstance.

Resignation from Directorships and Officerships. The Unless the parties agree otherwise in writing, the termination of the Executive’s employment with the Company Corporation for any reason will constitute shall be treated as the Executive’s immediate resignation from (ax) any director, officer or employee position the Executive has with the Company or Corporation, any parent entity (including Holdings) and any of its Affiliatestheir respective affiliates, and (by) all fiduciary positions (including as a trustee) the Executive holds with respect to any employee benefit plans or trusts established by the Company. The termination Corporation, any parent entity and any other subsidiaries of the Executive’s employment with the Company for Cause or as a result of Executive’s death or Disability will constitute the Executive’s immediate resignation from any director position the Executive has with the Company such parent entity, or any of its Affiliatestheir respective affiliates. The Executive agrees that this Agreement shall shall, unless the parties agree otherwise in writing, serve as written notice of such resignation in this circumstance. Furthermore, the Executive agrees to execute any documents evidencing such circumstances, unless otherwise required by any plan or applicable lawresignations that the Corporation reasonably requests.

Resignation from Directorships and Officerships. The termination of the Executive’s employment with the Company for any reason will constitute the Executive’s immediate resignation from (ai) any director, officer or employee position the Executive has with the Company or any of its Affiliates, and subsidiaries or affiliates; (bii) all fiduciary positions (including as a trustee) the Executive holds with respect to any employee benefit plans or trusts established by the Company. The termination ; and (iii) resignation from a seat on any non-Company board of directors that the Executive’s employment with the Company for Cause or Executive holds solely as a result of Executive’s death or Disability will constitute the Executive’s immediate resignation from any director position the Executive has with the Company or any of its AffiliatesCompany. The Executive agrees that this Agreement shall serve as written notice of resignation in such circumstancesthis circumstance, unless otherwise required by any plan or applicable law.. EXECUTION VERSION

Resignation from Directorships and Officerships. The termination of the Executive’s employment with the Company for any reason will constitute the Executive’s immediate resignation from (ai) any director, officer or employee position the Executive has with the Company or any of its Affiliates, and subsidiaries or affiliates; (bii) all fiduciary positions (including as a trustee) the Executive holds with respect to any employee benefit plans or trusts established by the Company. The termination ; and (iii) resignation from a seat on any non-Company board of directors that the Executive’s employment with the Company for Cause or Executive holds as a result of Executive’s death or Disability will constitute the Executive’s immediate resignation from any director position the Executive has with the Company or any of its AffiliatesCompany. The Executive agrees that this Agreement shall serve as written notice of resignation in such circumstancesthis circumstance, unless otherwise required by any plan or applicable law.. exhibit 10.41