Resignation from Directorships, Offices and Fiduciary Titles Sample Clauses

Resignation from Directorships, Offices and Fiduciary Titles. The termination of the Executive’s employment for any reason shall constitute the Executive’s immediate resignation from (i) any officer or employee position the Executive has with the Company, unless mutually agreed upon by the Executive and the Board; (ii) any position on the Board; and (iii) all fiduciary positions (including as a trustee) the Executive holds with respect to any employee benefit plans or trusts established by the Company. The Executive agrees that this Agreement shall serve as written notice of resignation in this circumstance.
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Resignation from Directorships, Offices and Fiduciary Titles. The termination of the Chairman’s engagement with the Company hereunder for any reason shall constitute the Chairman’s immediate resignation from (i) any officer or employee position the Chairman has with the Company, unless mutually agreed upon by the Chairman and the Board; (ii) any position on the Board; and (iii) all fiduciary positions (including as a trustee) the Chairman holds with respect to any employee benefit plans or trusts established by the Company. The Chairman agrees that this Agreement shall serve as written notice of resignation in this circumstance. Notwithstanding the foregoing, nothing in this Agreement shall be deemed to prevent any election of the Chairman to the Board following any termination of employment through stockholder nomination and vote in accordance with the amended and restated bylaws of the Company.
Sample 1
Resignation from Directorships, Offices and Fiduciary Titles. The termination of the Consultant’s services for any reason shall constitute the Consultant’s immediate resignation from (i) any officer position the Consultant has with the Company, unless mutually agreed upon by the Consultant and the Board; (ii) any position on the Board; and (iii) all fiduciary positions (including as a trustee) the Consultant holds with respect to any employee benefit plans or trusts established by the Company. The Consultant agrees that this Agreement shall serve as written notice of resignation in this circumstance. Notwithstanding the foregoing, nothing in this Agreement shall be deemed to prevent any election of the Consultant to the Board following any termination of services through stockholder nomination and vote in accordance with the amended and restated bylaws of the Company.
Sample 1

Related to Resignation from Directorships, Offices and Fiduciary Titles

  • Responsibility of Dual Directors, Officers and/or Employees If any person who is a director, officer or employee of the Adviser is or becomes a Trustee, officer and/or employee of the Fund and acts as such in any business of the Fund pursuant to this Agreement, then such director, officer and/or employee of the Adviser shall be deemed to be acting in such capacity solely for the Fund, and not as a director, officer or employee of the Adviser or under the control or direction of the Adviser, although paid by the Adviser.

  • Resignation from Positions Upon termination of the Executive’s employment with the Company for any reason, the Executive shall, as may be requested by the Company, resign from any position he then holds as an officer, director or fiduciary of the Company or any Company-related entity. In furtherance of the foregoing, the Executive shall execute and deliver to the Company any letters, documents and other instruments necessary or appropriate to effect such resignation.

  • Appointments to Fill Vacancies in Trustee’s Office The Company, whenever necessary to avoid or fill a vacancy in the office of Trustee, will appoint, in the manner provided in Section 7.09, a Trustee, so that there shall at all times be a Trustee hereunder.

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