Common use of Termination and Resignation Clause in Contracts

Termination and Resignation. Your services as a Director may be terminated for any or no reason by the determination of the Board. You may also terminate your services as a Director for any or no reason by delivering your written notice of resignation to the Company (“Resignation”), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company's obligations to pay you any compensation that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation.

Appears in 22 contracts

Samples: Director Offer Letter (GD Culture Group LTD), Director Offer Letter (GD Culture Group LTD), Director Offer Letter (BIT ORIGIN LTD)

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Termination and Resignation. Your services as a Director may be terminated for any or no reason by the determination of the Board. You may also terminate your services as a Director for any or no reason by delivering your written notice of resignation to the Company (“Resignation”), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company's ’s obligations to pay you any compensation that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation.

Appears in 18 contracts

Samples: Director Offer Letter (Delixy Holdings LTD), Director Offer Letter (Wellchange Holdings Co LTD), Director Offer Letter (Wellchange Holdings Co LTD)

Termination and Resignation. Your services as a an Independent Director may be terminated for any or no reason by the determination of the Board. You Board (including any failure to elect you for an ensuing term at any annual meeting of the Board).You may also terminate your services as a an Independent Director for any or no reason by delivering your written notice of resignation to the Company (“Resignation”), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company's ’s obligations to pay you any compensation that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation.

Appears in 9 contracts

Samples: Independent Director Offer Letter (BrilliA Inc), Independent Director Offer Letter (BrilliA Inc), Independent Director Offer Letter (BrilliA Inc)

Termination and Resignation. Your services as a an Independent Director may be terminated for any or no reason by the determination of the Board. You may also terminate your services as a an Independent Director for any or no reason by delivering your written notice of resignation to the Company (“Resignation”), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company's ’s obligations to pay you any compensation that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation.

Appears in 3 contracts

Samples: Independent Director Offer Letter (Grande Group LTD/Hk), Independent Director Offer Letter (Top Win International LTD), Independent Director Offer Letter (OUI Global)

Termination and Resignation. Your services as a Director may be terminated for any or no reason by the determination of the Board. You Board (including any failure to elect you for an ensuing term at any annual meeting of the Board).You may also terminate your services as a Director for any or no reason by delivering your written notice of resignation to the Company (“Resignation”), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company's ’s obligations to pay you any compensation that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation.

Appears in 2 contracts

Samples: Director Offer Letter (Springview Holdings LTD), Director Offer Letter (Springview Holdings LTD)

Termination and Resignation. Your services as a an Independent Director may be terminated for any or no reason by the determination of the Board (including any failure to elect you for an ensuing term at any annual meeting of the Board). You may also terminate your services as a an Independent Director for any or no reason by delivering your written notice of resignation to the Company (“Resignation”), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company's ’s obligations to pay you any compensation that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation.

Appears in 2 contracts

Samples: Independent Director Offer Letter (OMS Energy Technologies Inc.), Independent Director Offer Letter (OMS Energy Technologies Inc.)

Termination and Resignation. Your services as a the Director may be terminated for any or no reason by the determination of the Board. You may also terminate your services as a the Director for any or no reason by delivering your written notice of resignation to the Company (“Resignation”), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company's ’s obligations to pay you any compensation that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation.

Appears in 1 contract

Samples: Executive Director Offer Letter (OUI Global)

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Termination and Resignation. Your services as a an Independent Director may be terminated for any or no reason by the determination of the Board. You Board (including any failure to elect you for an ensuing term at any annual meeting of the Board).You may also terminate your services as a an Independent Director for any or no reason by delivering your written notice of resignation ofresignation to the Company (“Resignation”), and such Resignation shall be effective upon the time specified therein or, if no ifno time is specified, upon receipt of the notice of resignation ofresignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company's ’s obligations to pay you any compensation that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation.

Appears in 1 contract

Samples: Independent Director Offer Letter (Rectitude Holdings Ltd.)

Termination and Resignation. Your services as a Director may be terminated for any or no reason by the determination of the Board. You may also terminate your services as a Director for any or no reason by delivering your written notice of resignation to the Company ('Resignation'), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company's obligations to pay you any compensation that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation.

Appears in 1 contract

Samples: Director Offer Letter (Ningbo Zhenghe Trading LTD)

Termination and Resignation. Your services as a an Independent Director may be terminated for any or no reason by the determination of the Board. You Board (including any failure to elect you for an ensuing term at any annual meeting of the Board).You may also terminate your services as a an Independent Director for any or no reason by delivering your written notice of resignation to the Company (“Resignation”), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company's obligations to pay you any compensation that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation.

Appears in 1 contract

Samples: Independent Director Offer Letter (OMS Energy Technologies Inc.)

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