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Resignations
Resignations contract clause examples

Resignation from Official Positions. If your employment with the Company terminates for any reason, you shall be deemed to have resigned at that time from any and all officer or director positions that you may have held with the Company and all board seats or other positions in other entities to which you have been designated by the Company or which you have held on behalf of the Company. If, for any reason, this paragraph 17(b) is deemed insufficient to effectuate such resignation, you hereby authorize the Secretary and any Assistant Secretary of the Company to execute any documents or instruments which the Company may deem necessary or desirable to effectuate such resignation or resignations, and to act as your attorney-in fact.

Resignation from Official Positions. If your employment with [[Organization A:Organization]] terminates for any reason, you shall automatically be deemed to have resigned at that time from any and all officer or director positions that you may have held with [[Organization A:Organization]], or any of [[Organization A:Organization]]’s affiliated companies and all board seats or other positions in other entities you held on behalf of [[Organization A:Organization]], including any fiduciary positions (including as a trustee) you hold with respect to any employee benefit plans or trusts established by [[Organization A:Organization]]. You agree that this Agreement shall serve as written notice of resignation in this circumstance. If, however, for any reason this paragraph 7(h) is deemed insufficient to effectuate such resignation, you agree to execute, upon the request of [[Organization A:Organization]] or any of its affiliated companies, any documents or instruments which [[Organization A:Organization]] may deem necessary or desirable to effectuate such resignation or resignations, and you hereby authorize the Secretary and any Assistant Secretary of [[Organization A:Organization]] or any of [[Organization A:Organization]]’s affiliated companies to execute any such documents or instruments as your attorney-in-fact.

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