Common use of Resignation from Official Positions Clause in Contracts

Resignation from Official Positions. If Employee’s employment with SCU terminates for any reason, Employee will be deemed to have resigned at that time from any and all officer, director or committee positions that Employee may have held with SCU or any of its then-current or previously affiliated companies and all board and committee seats or other positions in other entities Employee held on behalf of SCU. If for any reason this Section 8(f) is deemed insufficient to effectuate such resignation, Employee agrees to execute, upon SCU’s request, any documents or instruments that SCU deems necessary to effectuate such resignation(s), and Employee hereby authorizes the Secretary of SCU (or any Assistant Secretary) to execute any such documents or instruments as Employee’s attorney-in-fact.

Resignation from Official Positions. If Employee’s employment with SCU terminates for any reason, Employee will be deemed to have resigned at that time from any and all officer, director or committee positions that Employee may have held with SCU or any of its then-current or previously affiliated companies and all board and committee seats or other positions in other entities Employee held on behalf of SCU. If for any reason this Section 8(f8(g) is deemed insufficient to effectuate such resignation, Employee agrees to execute, upon SCU’s request, any documents or instruments that SCU deems necessary to effectuate such resignation(s), and Employee hereby authorizes the Secretary of SCU (or any Assistant Secretary) to execute any such documents or instruments as Employee’s attorney-in-fact.