Common use of Resignation from Directorships and Officerships Clause in Contracts

Resignation from Directorships and Officerships. The termination of the Executive’s employment for any reason shall constitute the Executive’s resignation from (i) any director, officer or employee position the Executive has with the Company or any of its subsidiaries and (ii) all fiduciary positions the Executive holds with respect to any employee benefit plans or trusts established by the Company; provided, that in the event the Executive’s employment is terminated following the Executive’s successful completion of the Executive’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 Executive agrees that this Agreement shall serve as written notice of resignation in this circumstance.

Resignation from Directorships and Officerships. The termination of the Executive’s employment for any reason shall will constitute the Executive’s resignation from (i) any director, officer or employee position the Executive has with the Company or any of its subsidiaries and or affiliates; (ii) all fiduciary positions (including as a trustee) the Executive holds with respect to any employee benefit plans or trusts established by the Company; provided, and (iii) resignation from a seat on any non-Company board of directors that in the event the Executive holds solely as a result of Executive’s employment is terminated following the Executive’s successful completion of the Executive’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 position with the Company. The Executive agrees that this Agreement shall serve as written notice of resignation in this circumstance, unless otherwise required by any plan or applicable law.

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 shall constitute the Executive’s resignation from (i) 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 subsidiaries Vector Entity and (iiiii) all fiduciary positions (including as a trustee) the Executive holds with respect to any employee benefit plans or trusts established by the Company; provided. To the extent that notice is required for any such resignations, that in the event the Executive’s notice of termination of employment is terminated following the Executive’s successful completion of the Executive’s role, as reasonably determined by the Board in its sole discretion, then he will not be required given pursuant to resign as a member of the Board unless otherwise determined by the Company. The Executive agrees that this Agreement shall serve as written constitute notice of resignation in this circumstancesuch additional resignations.

Resignation from Directorships and Officerships. The termination of the Executive’s employment for any reason shall will constitute the Executive’s resignation from (i) any director, officer or employee position the Executive has with the Company or any of its subsidiaries and or affiliates; (ii) all fiduciary positions (including as a trustee) the Executive holds with respect to any employee benefit plans or trusts established by the Company; provided, and (iii) resignation from a seat on any non-Company board of directors that in the event the Executive holds as a result of Executive’s employment is terminated following the Executive’s successful completion of the Executive’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 position with the Company. The Executive agrees that this Agreement shall serve as written notice of resignation in this circumstance, unless otherwise required by any plan or applicable law.

Resignation from Directorships and Officerships. The termination of the Executive’s employment with the Corporation for any reason shall constitute be treated as the Executive’s resignation from (i) any director, officer or employee position the Executive has with the Company or Corporation, its parent entity and any of its subsidiaries their respective affiliates, and (ii) all fiduciary positions (including as a trustee) the Executive holds with respect to any employee benefit plans or trusts established by the Company; providedCorporation, that in the event the Executive’s employment is terminated following the Executive’s successful completion its parent entity or any of the Executive’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 Companytheir respective affiliates. The Executive agrees that this Agreement shall serve as written notice of resignation in this circumstance.. Furthermore, the Executive agrees to execute any documents evidencing such resignations that the Corporation reasonably requests..

Resignation from Directorships and Officerships. The termination of the Executive’s Employee's employment for any reason shall constitute the Executive’s Employee's resignation from (i) any director, officer or employee position the Executive Employee has with the Company or any of its subsidiaries and (ii) all fiduciary positions the Executive Employee holds with respect to any employee benefit plans or trusts established by the Company; provided, that in the event the Executive’s Employee 's employment is terminated following the Executive’s Employee's successful completion of the Executive’s 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 Executive Employee agrees that this Agreement shall serve as written notice of resignation in this circumstance.

Resignation from Directorships and Officerships. The termination of the Executive’s employment for any reason shall constitute the Executive’s immediate resignation from (i) any director, officer or employee position the Executive has with the Company or any of its subsidiaries Company, unless mutually agreed upon by the Executive and the Board; and (ii) all fiduciary positions (including as a trustee) the Executive holds with respect to any employee benefit plans or trusts established by the Company; provided, that in the event . The termination of the Executive’s employment is terminated following by the Company for Cause (as defined in Section 9(a)) shall constitute the Executive’s successful completion of the Executive’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 immediate and automatic resignation from any position on the Company. The ’s Board of Directors; and the Executive agrees that this Agreement shall serve as written notice of resignation in this circumstance.