Subsidiary Resignations Clause Samples
Subsidiary Resignations. The Company shall, if requested by Parent at least ten (10) Business Days before the Closing Date, remove any directors, managers or officers of any of its Subsidiaries (other than any such persons who have been appointed and may be removed only by a Person other than the Company or one of its Subsidiaries), or cause such individuals to resign from such positions, in each case, effective as of the Closing.
Subsidiary Resignations. Between now and your Separation Date, with specific timing to be determined by PMC, you agree to resign any director and/or officer position you may hold in any PMC subsidiary or branch thereof and execute all documents reasonably requested to effect the same.