Example ContractsClausesDeemed Resignations
Deemed Resignations
Deemed Resignations contract clause examples

Deemed Resignations. Except as otherwise determined by the Board or as otherwise agreed to in writing by Executive and the Company prior to the termination of Executive’s employment with the Company, any termination of Executive’s employment shall constitute, as applicable, an automatic resignation of Executive: # as an officer of the Company; and # from the Board.

Deemed Resignations. Unless otherwise agreed and approved by the Board, any termination of Executive’s employment shall constitute an automatic resignation of Executive as an officer of the Company and each affiliate of the Company, and if applicable, an automatic resignation of any seat that he may hold on the Board (including any committee of the Board, if applicable).

Deemed Resignations. Any termination of a Participant’s Employment shall constitute an automatic resignation of such Participant as an officer of the Company and each Affiliate of the Company, an automatic resignation from the board of directors, if applicable, of the Company and each Affiliate of the Company and from the board of directors or similar governing body of any corporation, limited liability company or other entity in which the Company or any Affiliate holds an equity interest and with respect to which board or similar governing body such Participant serves as the Company’s or such Affiliate’s designee or other representative.

Resignations. Upon any termination of Employee’s employment, Employee will immediately resign from # all officer or other positions of the Company and its Affiliates and # all fiduciary positions (including as trustee) Employee then holds with respect to any pension plans or trusts established by the Company.

Resignations. Resignations of the Company’s directors and officers in the form of Exhibit B-11] or Exhibit B-22], executed by the persons requested by Buyer prior to the Closing shall be in full force and effect;

Resignations. Upon termination of Employee’s employment for any reason, Employee will be deemed to have resigned from all offices and directorships, if any, then held with [[Verso:Organization]] or any of its affiliates, and, at [[Verso:Organization]]’s request, Employee will execute such documents as are necessary or desirable to effectuate such resignations.

Resignations. To the extent requested by Buyer, resignations (effective as of the Closing Date) of all of those directors of the Company and its Subsidiaries specified by Buyer in their capacity as such (in each case, in a form reasonably satisfactory to Buyer, stating the Closing of the Transaction and ensuing change of control of the Company as the reason therefor);

Resignations. Employee agrees that, upon termination of employment for any reason, Employee will submit his resignations from all offices and directorships with the Company and its related entities.

Resignations. Upon request by the Company, you will deliver to the Company a resignation from all offices, directorships and fiduciary positions with the Company, its

Resignations. Upon termination of Executive’s employment or service for any reason, Executive hereby agrees that Executive also resigns any and all positions with the Company or any of its Affiliates, whether as an officer, director, employee, or agent, in each case effective on the Effective Date of Termination. Executive hereby agrees to execute any and all documentation of such resignations upon request by the Company, but Executive shall be treated for all purposes as having so resigned upon the Effective Date of Termination or termination of service, regardless of when or whether Executive executes any such documentation. For the avoidance of doubt, Executive hereby agrees that the foregoing referenced termination of employment with the Company and resignations from any and all other positions with the Company or any of its Affiliates shall not be predicated or conditioned on Executive receiving the severance set forth in [Section 4.2] or the Executive’s execution and non-revocation of the Non-Competition and Release Agreement in compliance with [Section 4.5] of this Agreement.

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