Common use of Termination of Offices and Directorships; Full Settlement Clause in Contracts

Termination of Offices and Directorships; Full Settlement. Upon a termination of Executive’s employment for any reason, unless otherwise specified in a written agreement between Executive and the Company, Executive shall be deemed to have resigned from all offices, directorships and other employment positions then held with the REIT, Lineage OP, LP, the Employer or any of their respective subsidiaries or affiliates (the “Lineage Group”) and shall take all actions reasonably requested by the Company to effectuate the foregoing. Except as expressly provided in this Agreement, the Company shall have no further obligations, and Executive shall have no further rights or entitlements, in connection with or following Executive’s termination of employment.

Appears in 2 contracts

Samples: Employment Agreement (Lineage, Inc.), Employment Agreement (Lineage, Inc.)

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Termination of Offices and Directorships; Full Settlement. Upon a termination of Executive’s employment for any reason, unless otherwise specified in a written agreement between Executive and the Company, Executive shall be deemed to have resigned from all offices, directorships directorships, and other employment positions then held with the REITCompany or its affiliates, Lineage OPif any, LP, the Employer or any of their respective subsidiaries or affiliates (the “Lineage Group”) and shall take all actions reasonably requested by the Company to effectuate the foregoing. Except as expressly provided in this AgreementAgreement or in any employee benefit plan under which Executive is entitled to receive vested benefits (as described in Section 6(a) above, the Company shall have no further obligations, and Executive shall have no further rights or entitlements, in connection with or following Executive’s termination of employment.

Appears in 2 contracts

Samples: Employment Agreement (Concrete Pumping Holdings Acquisition Corp), Employment Agreement (Concrete Pumping Holdings Acquisition Corp)

Termination of Offices and Directorships; Full Settlement. Upon a termination of Executive’s employment for any reason, unless otherwise specified in a written agreement between Executive and the Company, Executive shall be deemed to have resigned from all offices, directorships directorships, and other employment positions then held with the REITCompany or its affiliates, Lineage OPif any, LP, the Employer or any of their respective subsidiaries or affiliates (the “Lineage Group”) and shall take all actions reasonably requested by the Company to effectuate the foregoing. Except as expressly provided in this AgreementAgreement or in any employee benefit plan under which Executive is entitled to receive vested benefits (as described in Section 6(a) above), the Company shall have no further obligations, and Executive shall have no further rights or entitlements, in connection with or following Executive’s termination of employment.

Appears in 2 contracts

Samples: Employment Agreement (Concrete Pumping Holdings Acquisition Corp), Employment Agreement (Concrete Pumping Holdings Acquisition Corp)

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Termination of Offices and Directorships; Full Settlement. Upon a termination of Executive’s employment for any reason, unless otherwise specified in a written agreement between Executive and the Company, Executive shall be deemed to have resigned from all offices, directorships and other employment positions then held with the REIT, Lineage OP, LP, the Employer or any of their respective subsidiaries or affiliates (the “Lineage Group”) and shall take all actions reasonably requested by the Company to effectuate the foregoing. Except as expressly provided in this Agreement, the Company shall have no further obligations, 8|| ||| and Executive shall have no further rights or entitlements, in connection with or following Executive’s termination of employment.

Appears in 1 contract

Samples: Employment Agreement (Lineage, Inc.)

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