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

Termination of Offices and Directorships; Full Settlement. Upon 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 Company or its affiliates, if any, and shall take all actions reasonably requested by the Company to effectuate the foregoing. Except as expressly provided in this Agreement 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 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 Company or its affiliates, if any, and shall take all actions reasonably requested by the Company to effectuate the foregoing. Except as expressly provided in this Agreement 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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