Common use of Termination of Other Positions Clause in Contracts

Termination of Other Positions. Upon any termination of employment, Executive hereby resigns as an officer and director of the Company, any subsidiary and any affiliate and as a fiduciary of any benefit plan of any of the foregoing. Executive shall promptly execute any further documentation thereof as requested by the Company and, if the Executive is to receive any payments from the Company, execution of such further documentation shall be a condition thereof.

Appears in 3 contracts

Samples: Employment Agreement (Aphton Corp), Employment Agreement (Aphton Corp), Employment Agreement (Aphton Corp)

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Termination of Other Positions. Upon any termination of employmentthe Termination Date, Executive hereby resigns as an Chief Executive Officer of Encompass and any and all other positions as officer and or director of Executive may then hold with the Company, any subsidiary and any affiliate and as a fiduciary of any benefit plan of any of the foregoingCompany. Executive shall promptly execute any further documentation thereof as requested by the Company and, if the Executive is to receive any payments from the Company, execution of such further documentation shall be a condition thereof.

Appears in 2 contracts

Samples: Employment Agreement (Advanced Communications Technologies Inc), Employment Agreement (Advanced Communications Technologies Inc)

Termination of Other Positions. Upon any termination of employmentemployment for any reason, Executive hereby resigns as an officer and director of the Company, any subsidiary and any affiliate or affiliate, and as a fiduciary of any benefit plan of any of the foregoing. Executive shall promptly execute any further documentation thereof as requested by the Company and, if the Executive is to receive any payments from the Company, execution of such further documentation shall be a condition thereofprecedent thereto.

Appears in 1 contract

Samples: Employment Agreement (Whitney Information Network Inc)

Termination of Other Positions. Upon any termination of employmentthe Termination Date, Executive hereby resigns from all positions as an officer and officer, director of or employee Executive may then hold with the CompanyCompany or its subsidiaries, any subsidiary and any affiliate and as a fiduciary of any benefit plan of any of the foregoingCompany. Executive shall promptly execute any further documentation thereof as requested by the Company and, if the Executive is to receive any payments from the Company, execution of such further documentation shall be a condition thereof.

Appears in 1 contract

Samples: Services Agreement (Advanced Communications Technologies Inc)

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Termination of Other Positions. Upon any termination of employment, Executive hereby resigns as an officer and director of the Company, any subsidiary and any affiliate and as a fiduciary of any benefit plan of any of the foregoing. Executive shall promptly execute any further documentation thereof as requested by the Company and, if the Executive is to receive any payments from the CompanyCompany and/or any subsidiary or affiliate, execution of such further documentation shall be a condition thereof.

Appears in 1 contract

Samples: Employment Agreement (Aphton Corp)

Termination of Other Positions. Upon any termination of employmentthe Termination Date, Executive hereby resigns as an Chief Operating Officer of ACT and any and all other positions as officer and or director of Executive may then hold with the Company, any subsidiary and any affiliate and as a fiduciary of any benefit plan of any of the foregoingCompany. Executive shall promptly execute any further documentation thereof as requested by the Company and, if the Executive is to receive any payments from the Company, execution of such further documentation shall be a condition thereof.

Appears in 1 contract

Samples: Employment Agreement (Advanced Communications Technologies Inc)

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