Example ContractsClausesDeemed Resignations
Deemed Resignations
Deemed Resignations contract clause examples

Resignations. The directors and executive officers of BRPA listed on [Schedule 6.2(g)] of the BRPA Schedules shall have been removed from their respective positions or tendered their irrevocable resignations, in each case effective as of the Effective Time.

Resignations. I hereby agree to tender my resignation in a timely manner as requested by the Company for any and all officer and director positions that I hold with a group company.

Resignations. Effective as of the date of any termination of your employment with the Company for any reason, you hereby agree that you will be deemed to have automatically resigned from all offices and directorships you hold at BHI, Booking.com and any of their affiliates at the date of such termination, including, without limitation, the position of CHRO and CPO.

Resignations. You will continue to serve as an Executive Vice President of RMR and President and Chief Executive Officer of Diversified Healthcare Trust (“DHC”) until December 31, 2023, as of which date you will resign from such offices and from any other officer or related positions you hold within RMR, DHC and any other RMR managed company. You will resign as a Managing Trustee of DHC and any other board positions on the earliest of: # the 2024 annual meeting of shareholders; # July 1, 2024; or # as requested by RMR or the applicable board of trustees. You will continue to serve as an employee of RMR until the Retirement Date in order to transition your duties and responsibilities to your successor(s). After December 31, 2023, you will work remotely from the address shown above, or other locations from time to time.

Resignations. As of the Closing, the Sangre Members shall resign from all positions with Sangre as member, manager, employee, officer or other authorized representative or agent of Sangre.

Resignations. The Bank shall have received letters of resignation from the directors and officers of reasonably satisfactory in form and substance to the Bank.

Resignations. The current officers and directors of the Company shall, if applicable, submit written resignations from their respective positions with the Company and the Company shall provide copies of such resignations to YourSpace.

You are required to accept the terms and conditions set forth in this Agreement prior to the first Vesting Date in order for you to receive the Award granted to you hereunder. If you wish to decline this Award, you must reject this Agreement prior to the first Vesting Date. For your benefit, if you have not rejected the Agreement prior to the first Vesting Date, you will be deemed to have automatically accepted this Award and all the terms and conditions set forth in this Agreement. Deemed acceptance will allow the shares to be released to you in a timely manner and once released, you waive any right to assert that you have not accepted the terms hereof.

Deemed Severance. Notwithstanding [Subsection (c)(1)] above, if elected in the Adoption Agreement, a Participant performs service in the uniformed services (as defined in Code §414(u)(12)(B)) on active duty for a period of more than 30 days, the Participant will be deemed to have a severance from employment solely for purposes of eligibility for distribution of amounts not subject to Code

Deemed Resignation. Upon termination of Executive’s employment for any reason, Executive shall be deemed to have resigned from all offices and board memberships, if any, then held with the Company or any of its affiliates, and, at the Company’s request, Executive shall execute such documents as are necessary or desirable to effectuate such resignations.

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