Common use of Resignation of Other Positions Clause in Contracts

Resignation of Other Positions. Effective upon the Separation Date, Employee shall be deemed to and should have resigned from all positions Employee holds as an officer of the Company or a member of the Board of Directors (or any committee thereof) of the Company or any affiliate.

Appears in 2 contracts

Samples: Severance Agreement (Union Bankshares Corp), Severance Agreement (Union Bankshares Corp)

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Resignation of Other Positions. Effective upon Upon the Separation Datetermination of Employee’s employment hereunder for any reason, Employee agrees that he shall be deemed to have resigned, effective upon the Date of Termination (unless he resigns earlier therefrom) from any and should have resigned from all positions that Employee then holds as an officer of the Company or a member of the Board of Directors and/or director (or any committee thereofother similar position) of the Company or any affiliateof its subsidiaries or other Affiliates.

Appears in 2 contracts

Samples: Employment Agreement (Powersecure International, Inc.), Employment Agreement (Powersecure International, Inc.)

Resignation of Other Positions. Employee hereby agrees that between the Execution Date and the Effective upon the Separation Date, Employee shall be deemed to resign all other officer, employee, member, director and/or agent positions that the Employee holds with the Company in the manner and should have resigned from time determined by the Company; provided however, that as of the Effective Date, Employee does hereby resign all positions that Employee holds as an officer of with the Company and or a member of the Board of Directors (or any committee thereof) of the Company or any affiliateits subsidiaries and affiliates.

Appears in 1 contract

Samples: Resignation and Release Agreement (Wynn Resorts LTD)

Resignation of Other Positions. Employee hereby resigns all other officer, employee, member, director and/or agent positions that the Employee holds with the Company in the manner and time determined by the Company; provided however, that as of the Effective upon the Separation Date, Employee shall be deemed to and should have resigned from does hereby resign all positions that Employee holds as an officer of with the Company and or a member of the Board of Directors (or any committee thereof) of the Company or any affiliateits subsidiaries and affiliates.

Appears in 1 contract

Samples: Resignation and Release Agreement (GRANDPARENTS.COM, Inc.)

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Resignation of Other Positions. Employees hereby agree that between the Execution Date and the Effective upon the Separation Date, Employee Employees shall be deemed to resign all other officer, employee, member, management and/or agent positions that the Employees holds with the Company in the manner and should have resigned from time determined by the Company; provided however, that as of the Effective Date, Employees do hereby resign all positions Employee that Employees holds as an officer of with the Company and or a member of the Board of Directors (or any committee thereof) of the Company or any affiliateits subsidiary.

Appears in 1 contract

Samples: Buyback Agreement (Cardiff Lexington Corp)

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