Common use of Resignation from the Board Clause in Contracts

Resignation from the Board. Executive agrees that effective with any termination, and as a condition to receiving any payments under Paragraph D above, Executive shall resign from all directorships and committees of the Board of the Company and its subsidiaries.

Resignation from the Board. Executive agrees that effective Upon termination of Executive’s employment with the Company for any termination, and as a condition to receiving any payments under Paragraph D abovereason, Executive shall resign from all directorships and committees of the Board offer his resignation as an officer or director of the Company and its subsidiariesany subsidiary or affiliate of the Company in which he holds such positions.

Resignation from the Board. Executive agrees that effective Upon termination of Executive’s employment with the Company for any termination, and as a condition to receiving any payments under Paragraph D abovereason, Executive shall resign from all directorships and committees offer his resignation as a member of the Board and as an officer or director of any subsidiary or affiliate of the Company and its subsidiariesin which he holds such positions.

Resignation from the Board. Executive agrees that effective Upon termination of Executive’s employment with Company for any termination, and as a condition to receiving any payments under Paragraph D abovereason, Executive shall resign from all directorships and committees offer his resignation as a member of the Board and as an officer or director of any subsidiary or affiliate of the Company and its subsidiariesin which he/she holds such positions.

Resignation from the Board. Executive agrees that effective with any termination, and as a condition to receiving any payments under Paragraph D aboveUpon the termination for whatsoever reason of Executive's employment hereunder, Executive shall resign be deemed to have resigned forthwith from all directorships and committees of his position on the Board of Directors, subject to compliance with the Company and its subsidiariesCompany's By-laws.

Resignation from the Board. Upon Executive's termination of employment as Executive agrees that effective with Chairman for any terminationreason, whether at the end of the Term of Employment or otherwise, Executive shall be deemed to have resigned from the Board and to have resigned from the board of directors or similar governing body, and as a condition to receiving an officer or employee, of any payments under Paragraph D above, Executive shall resign from all directorships and committees of the Board of the Company Company's subsidiaries and its subsidiariesaffiliates where Executive held such positions, and to have executed any documents necessary to effect such resignation.

Resignation from the Board. Executive agrees that effective with any termination, upon the appointment of a new President and Chief Executive Officer he will immediately resign his position as a condition to receiving any payments under Paragraph D above, Executive shall resign from all directorships and committees director of the Company, which resignation shall be accepted or declined by the Board of the Company and in its subsidiariessole discretion.

Resignation from the Board. Upon Executive’s termination of employment as Executive agrees that effective with Chairman for any terminationreason, whether at the end of the Term of Employment or otherwise, Executive shall be deemed to have resigned from the Board and to have resigned from the board of directors or similar governing body, and as a condition to receiving an officer or employee, of any payments under Paragraph D above, Executive shall resign from all directorships and committees of the Board of the Company Company’s subsidiaries and its subsidiariesaffiliates where Executive held such positions, and to have executed any documents necessary to effect any such resignation.

Resignation from the Board. Executive agrees that effective Upon termination of Executive's -------------------------- employment with Company for any termination, and as a condition to receiving any payments under Paragraph D abovereason, Executive shall resign from all directorships and committees offer his resignation as a member of the Board and as an officer or director of any subsidiary or affiliate of the Company and its subsidiariesin which he holds such positions.