Common use of Termination Obligations Clause in Contracts

Termination Obligations. (a) Director agrees that all property, including, without limitation, all equipment, tangible proprietary information, documents, records, notes, contracts, and computer-generated materials provided to or prepared by Director incident to the Services and his membership on the Company’s Board of Directors or any committee therefore the sole and exclusive property of the Company and shall be promptly returned to the Company at such time as the Director is no longer a member of the Company’s Board of Directors. (b) Upon termination of this Agreement, Director shall be deemed to have resigned from all offices then held with Company by virtue of his position as Board Member. Director agrees that following any termination of this Agreement, he shall cooperate with Company in the winding up or transferring to other directors of any pending work and shall also cooperate with Company (to the extent allowed by law, and at Company’s expense) in the defense of any action brought by any third party against Company that relates to the Services.

Appears in 16 contracts

Samples: Board of Directors Agreement (Atlantic International Corp.), Board of Directors Agreement (Aeries Technology, Inc.), Board of Directors Agreement (Aeries Technology, Inc.)

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Termination Obligations. (a) Director agrees that all property, including, without limitation, all equipment, tangible proprietary information, documents, records, notes, contracts, and computer-generated materials provided to or prepared by Director incident to the Services and his her membership on the Company’s Board of Directors or any committee therefore the sole and exclusive property of the Company and shall be promptly returned to the Company at such time as the Director is no longer a member of the Company’s Board of Directors. (b) Upon termination of this Agreement, Director shall be deemed to have resigned from all offices then held with Company by virtue of his her position as Board Member. Director agrees that following any termination of this Agreement, he shall cooperate with Company in the winding up or transferring to other directors of any pending work and shall also cooperate with Company (to the extent allowed by law, and at Company’s expense) in the defense of any action brought by any third party against Company that relates to the Services.

Appears in 8 contracts

Samples: Board of Directors Agreement (Nxu, Inc.), Board of Directors Agreement (Nxu, Inc.), Board of Directors Agreement (Nxu, Inc.)

Termination Obligations. (a) Director agrees that all property, including, without limitation, all equipment, tangible proprietary information, documents, records, notes, contracts, and computer-generated materials provided to or prepared by Director incident to the Services and his their membership on the Company’s Board of Directors or any committee therefore the sole and exclusive property of the Company and shall be promptly returned to the Company at such time as the Director is no longer a member of the Company’s Board of Directors. (b) Upon termination of this Agreement, Director shall be deemed to have resigned from all offices then held with Company by virtue of his their position as Board Member. Director agrees that following any termination of this Agreement, he they shall cooperate with Company in the winding up or transferring to other directors of any pending work and shall also cooperate with Company (to the extent allowed by law, and at Company’s expense) in the defense of any action brought by any third party against Company that relates to the Services.

Appears in 7 contracts

Samples: Board of Directors Agreement (Better for You Wellness, Inc.), Board of Directors Agreement (Better for You Wellness, Inc.), Board of Directors Agreement (Better for You Wellness, Inc.)

Termination Obligations. (a) Director agrees that all property, including, without limitation, all equipment, tangible proprietary information, documents, records, notes, contracts, and computer-generated materials provided to or prepared by Director incident to the Services and his membership on the Company’s 's Board of Directors or any committee therefore the sole and exclusive property of the Company and shall be promptly returned to the Company at such time as the Director is no longer a member of the Company’s 's Board of Directors. (b) Upon termination of this Agreement, Director shall be deemed to have resigned from all offices then held with Company by virtue of his position as Board Member. Director agrees that following any termination of this Agreement, he shall cooperate with Company in the winding up or transferring to other directors of any pending work and shall also cooperate with Company (to the extent allowed by law, and at Company’s 's expense) in the defense of any action brought by any third party against Company that relates to the Services.

Appears in 1 contract

Samples: Board of Directors Agreement (INTREorg SYSTEMS INC.)

Termination Obligations. (a) i. Director agrees that all property, including, without limitation, all equipment, tangible proprietary information, documents, records, notes, contracts, and computer-computer generated materials provided to or prepared by Director incident to the Services and his membership on the Company’s Board of Directors or any committee therefore thereof constitute the sole and exclusive property of the Company and shall be promptly returned to the Company at such time as the Director is no longer a member of the Company’s Board of Directors. (b) ii. Upon termination of this Agreement, Director shall be deemed to have resigned from all offices then held with Company by virtue of his position as Board MemberDirector. Director agrees that following any termination of this Agreement, he shall cooperate with Company in the winding up or transferring to other directors of any pending work and shall also cooperate with Company (to the extent allowed by law, and at Company’s expense) in the defense of any action brought by any third party against Company that relates to the Services.

Appears in 1 contract

Samples: Board of Directors Services Agreement (Healing Co Inc.)

Termination Obligations. (a) a. Director agrees that all property, including, without limitation, all equipment, tangible proprietary information, documents, records, notes, contracts, and computer-generated materials provided to or prepared by Director incident to the Services and his her membership on the Company’s Board of Directors or any committee therefore is the sole and exclusive property of the Company and shall be promptly returned to the Company at such time as the Director is no longer a member of the Company’s Board of Directors. (b) b. Upon termination of this Agreement, Director shall be deemed to have resigned from all offices and committee memberships then held with Company by virtue of his her position as Board Member. Director agrees that following any termination of this Agreement, he she shall cooperate with Company in the winding up or transferring to other directors of any pending work and shall also cooperate with Company (to the extent allowed by law, and at Company’s expense) in the defense of any action brought by any third party against Company that relates to the Services.

Appears in 1 contract

Samples: Board of Directors Agreement (Biolargo, Inc.)

Termination Obligations. (a) Director agrees that all property, including, without limitation, all equipment, tangible proprietary information, documents, records, notes, contracts, and computer-generated materials provided to or prepared by Director incident to the Services and his her membership on the Company’s Board of Directors or any committee therefore the sole and exclusive property of the Company and shall be promptly returned to the Company at such time as the Director is no longer a member of the Company’s Board of Directors. (b) Upon termination of this Agreement, Director shall be deemed to have resigned from all offices then held with Company by virtue of his her position as Board Member. Director agrees that following any termination of this Agreement, he shall cooperate with Company in the winding up or transferring to other directors of any pending work and shall also cooperate with Company (to the extent allowed by law, and at Company’s expense) in the defense of any action brought by any third party against Company that relates to the Services.

Appears in 1 contract

Samples: Board of Directors Agreement (Nxu, Inc.)

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Termination Obligations. (a) Director agrees that all property, including, without limitation, all equipment, tangible proprietary information, documents, records, notes, contracts, and computer-generated materials provided to or prepared by Director incident to the Services and his membership on the Company’s Board of Directors or any committee therefore the sole and exclusive property of the Company and shall be promptly returned to the Company at such time as the Director is no longer a member of the Company’s Board of Directors. (b) Upon termination of this Agreement, Director shall be deemed to have resigned from all offices then held with Company by virtue of his position as Board Memberdirector of the Company. Director agrees that following any termination of this Agreement, he shall cooperate with Company in the winding up or transferring to other directors of any pending work and shall also cooperate with Company (to the extent allowed by law, and at Company’s expense) in the defense of any action brought by any third party against Company that relates to the Services.

Appears in 1 contract

Samples: Board of Directors Agreement (Aeries Technology, Inc.)

Termination Obligations. (ai) Director agrees that all property, including, without limitation, all equipment, tangible proprietary information, documents, records, notes, contracts, and computer-generated materials provided to or prepared by Director incident to in connection with the Services and his membership on the Company’s Board of Directors or any committee therefore is the sole and exclusive property of the Company and shall be promptly returned to the Company at such time as the Director is no longer a member of the Company’s Board of Directors. (bii) Upon termination of this Agreement, Director shall be deemed to have resigned from all offices then held with Company by virtue of his position as Board Member. Director agrees that following any termination of this Agreement, he she shall cooperate with Company in the winding up or transferring to other directors of any pending work and shall also cooperate with Company (to the extent allowed by law, and at Company’s expense) in the defense of any action brought by any third party against Company that relates to the Services.

Appears in 1 contract

Samples: Board of Directors Agreement (Vinco Ventures, Inc.)

Termination Obligations. (a) Director agrees that all property, including, without limitation, all equipment, tangible proprietary information, documents, records, notes, contracts, and computer-generated materials provided to or prepared by Director incident to the Services and his her membership on the Company’s Board of Directors or any committee therefore the sole and exclusive property of the Company and shall be promptly returned to the Company at such time as the Director is no longer a member of the Company’s Board of Directors.. ​ (b) Upon termination of this Agreement, Director shall be deemed to have resigned from all offices then held with Company by virtue of his her position as Board Member. Director agrees that following any termination of this Agreement, he shall cooperate with Company in the winding up or transferring to other directors of any pending work and shall also cooperate with Company (to the extent allowed by law, and at Company’s expense) in the defense of any action brought by any third party against Company that relates to the Services.. ​

Appears in 1 contract

Samples: Board of Directors Agreement (Digital Brands Group, Inc.)

Termination Obligations. (a) Director agrees that all Company property, including, without limitation, all equipment, tangible proprietary information, documents, records, notes, contracts, and computer-generated materials provided to or prepared by Director incident to the Services and his their membership on the Company’s Board of Directors or any committee therefore the sole and exclusive property of the Company and shall be promptly returned to the Company at such time as the Director is no longer a member of the Company’s Board of Directors. (b) Upon termination of this Agreement, Director shall be deemed to have resigned from all offices then held with Company by virtue of his their position as Board Member. Director agrees that following any termination of this Agreement, he they shall cooperate with Company in the winding up or transferring to other directors of any pending work and shall also cooperate with Company (to the extent allowed by law, and at Company’s expense) in the defense of any action brought by any third party against Company that relates to the ServicesServices at the Company’s expense.

Appears in 1 contract

Samples: Board of Directors Agreement (Fast Track Solutions, Inc.)

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