Resignation as Officer. In the event that Individual’s employment with the Company is terminated for any reason whatsoever, Individual agrees to immediately resign as an Officer and/or Director of the Company, if applicable, and any related entities. For the purposes of this Section 13, the term the "Company" shall be deemed to include subsidiaries, parents, and affiliates of the Company.
Resignation as Officer. Upon a termination of employment for any reason, Executive shall resign each position (if any) that Executive then holds as an officer of the Company. Executive’s execution of this Agreement shall be deemed the grant by Executive to the officers of the Company of a limited power of attorney to sign in Executive’s name and on Executive’s behalf any such documentation as may be required to be executed solely for the limited purposes of effectuating such resignations.
Resignation as Officer. Effective with the date of my separation from employment with MDI, I resign any corporate office I hold.
Resignation as Officer. Employee hereby formally tenders his resignation as an officer and, as applicable, director of any of the Company’s subsidiaries and/or affiliates, all such resignations to be effective as of the Resignation Date. Employee agrees to execute any documents reasonably required by the Company, and/or its subsidiaries and affiliates, to effect such resignations.
Resignation as Officer. Executive hereby resigns, as of the Date of Transition, from all positions as an officer and/or director position (if any) of the Company and its affiliated entities. Executive shall remain an employee of the Company in a transition services position pursuant to the terms set forth in Paragraph 2.
Resignation as Officer. In the event that Heater's employment with the Company is terminated for any reason whatsoever, Heater agrees to immediately resign as an Officer and/or Director of the Company and any related entities. For the purposes of this Section 13, the term the "Company" shall be deemed to include subsidiaries, parents, and affiliates of the Company.
Resignation as Officer. Effective as of the Effective Date of this Agreement, Employee hereby resigns from all positions and offices currently held as an officer of the Company and all of its subsidiaries. Employee acknowledges that his resignation is not because of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Employee also agrees to execute any necessary documents or other forms necessary to effectuate or document his resignation as a matter of local, state, federal, or international law. Effective as of the end of the Transition Period, Employee further understands and agrees that he will no longer serve in any positions with the Company or any subsidiary or affiliate of the Company.
Resignation as Officer. Upon the closing of the sale and purchase, ---------------------- the selling Non-Voting Shareholder shall resign as an officer of the Corporation, if he holds any such position.
Resignation as Officer. Effective with the date of my separation from employment with the Company, I resign any office I hold with the Company.
Resignation as Officer. Xx. Xxxxx agrees that his employment as Vice President of Research and Development and Chief Scientific Officer for Chattem will terminate by his resignation from these positions effective January 31, 2007 (“the Resignation Date”). Following the Resignation Date, Xx. Xxxxx will continue to be employed by Chattem without any officer designation or other title during the time period from February 1, 2007 through May 31, 2007, during which time period (a) Xx. Xxxxx shall vacate his office at Chattem; (b) Xx. Xxxxx shall perform such services, up to 16 hours per month, as are requested by Chattem; and (c) for these services set forth in 1(b) herein, Xx. Xxxxx’x rate of compensation shall be reduced to the gross amount of Three Thousand Eight Hundred Forty-Six and 16/100 ($3,846.16) Dollars per bi-weekly pay period, less appropriate withholding for FICA, Medicare, and federal and state (if applicable) taxes.
