Resignation as a Director on Termination of Employment Clause Example with 6 Variations from Business Contracts

This page contains Resignation as a Director on Termination of Employment clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Resignation as a Director on Termination of Employment. If Executive's employment by Company is terminated for any reason or for no reason, whether by way of resignation, Disability, or termination by Company with or without Cause, and if Executive is then a member of the Board of Directors of Company or any Related Company, Executive shall within two business days after such termination of employment resign from the Board of Directors of Company and from the board of directors of each and every Related Company, by delivering to Company (and each Rel...ated Company, as applicable) a letter or other written communication addressed to the Board of Directors of Company (and each Related Company, as applicable) stating that Executive is resigning from the Board of Directors of Company (and each Related Company, as applicable) effective immediately. A business day shall be any day other than a Saturday, Sunday, or federal holiday on which federal offices are closed. AgeX Therapeutics, Inc.CFO Employment Agreement7 8. Arbitration. Except for injunctive proceedings against unauthorized disclosure of confidential information, any and all claims or controversies between Company or any Related Company and Executive, including but not limited to (a) those involving the construction or application of any of the terms, provisions, or conditions of this Agreement or the Policies; (b) all contract or tort claims of any kind; and ( c) any claim based on any federal, state, or local law, statute, regulation, or ordinance, including claims for unlawful discrimination or harassment, shall be settled by arbitration in accordance with either (i) the then current Employment Dispute Resolution Rules of the American Arbitration Association, or (ii) the then current Employment Arbitration Rules and Procedures of the Judicial Arbitration and Mediation Service (JAMS) if the Company or Related Company and Executive agree to have the arbitration proceeding conducted by JAMS. Judgment on the award rendered by the arbitrator(s) may be entered by any court having jurisdiction over Company and Executive. The location of the arbitration shall be San Francisco, California. Unless Company or a Related Company and Executive mutually agree otherwise, the arbitrator shall be a retired judge selected from a panel provided by the American Arbitration Association, or by JAMS if the arbitration is conducted by JAMS. Company, or a Related Company, if the Related Company is a party to the arbitration proceeding, shall pay the arbitrator's fees and costs. Executive shall pay for Executive's own costs and attorneys' fees, if any. Company and any Related Company that is a party to an arbitration proceeding shall pay for its own costs and attorneys' fees, if any. However, if any party prevails on a statutory claim which affords the prevailing party attorneys' fees, the arbitrator may award reasonable attorneys' fees and costs to the prevailing party. EXECUTIVE UNDERSTANDS AND AGREES THAT THIS AGREEMENT TO ARBITRATE CONSTITUTES A WAIVER OF EXECUTIVE'S RIGHT TO A TRIAL BY JURY OF ANY MATTERS COVERED BY THIS AGREEMENT TO ARBITRATE. View More Arrow

Variations of a "Resignation as a Director on Termination of Employment" Clause from Business Contracts

Resignation as a Director on Termination of Employment. If Executive's employment by Company OncoCyte is terminated for any reason or for no reason, whether by way of resignation, Disability, or termination by Company OncoCyte with or without Cause, and if Executive is then a member of the Board of Directors of Company OncoCyte or any Related Company, Subsidiary, Executive shall within two business days after such termination of employment resign from the Board of Directors of Company OncoCyte and from the board of directors of each and every Related... Company, Subsidiary, by delivering to Company OncoCyte (and each Related Company, Subsidiary, as applicable) a letter or other written communication addressed to the Board of Directors of Company OncoCyte (and each Related Company, Subsidiary, as applicable) stating that Executive is resigning from the Board of Directors of Company OncoCyte (and each Related Company, Subsidiary, as applicable) effective immediately. A business day shall be any day other than a Saturday, Sunday, or federal holiday on which federal offices are closed. AgeX Therapeutics, Inc.CFO Employment Agreement7 7 8. Arbitration. It is the intention of Executive and OncoCyte that the Federal Arbitration Act and the California Arbitration Act shall apply with respect to the arbitration of disputes, claims, and controversies pursuant to, arising under, or in connection with this Agreement. Except for injunctive proceedings against unauthorized disclosure of confidential information, Confidential Information, any and all claims or controversies between Company OncoCyte or any Related Company Subsidiary and Executive, including but not limited to (a) those involving the construction or application of any of the terms, provisions, or conditions of this Agreement (including but not limited to the applicability and enforceability of provisions of this Section 8 with respect to any dispute, claim, or controversy) or the Policies; (b) all contract or tort claims of any kind; and ( c) (c) any claim .claim based on any federal, state, or local law, statute, regulation, or ordinance, including claims for unlawful discrimination or harassment, shall be settled by arbitration in accordance with either (i) the then current Employment Dispute Resolution Rules of the American Arbitration Association, Association or (ii) the then current Employment Arbitration Rules and & Procedures of the Judicial Arbitration and Mediation Service (JAMS) if the Company ("JAMS"), as selected by OncoCyte or Related Company and Executive agree to have the arbitration proceeding conducted by JAMS. a Subsidiary. Judgment on the award rendered by the arbitrator(s) may be entered by any court having jurisdiction over Company OncoCyte and Executive. The location of the arbitration shall be San Francisco, California. Unless Company OncoCyte or a Related Company subsidiary and Executive mutually agree otherwise, the arbitrator shall be a retired judge selected from a panel provided by the American Arbitration Association, or by JAMS JAMS. OncoCyte, or a Subsidiary if the arbitration is conducted by JAMS. Company, or a Related Company, if the Related Company Subsidiary is a party to the arbitration proceeding, shall pay the arbitrator's fees and costs. Executive shall pay for Executive's own costs and attorneys' fees, if any. Company OncoCyte and any Related Company Subsidiary that is a party to an arbitration proceeding shall pay for its own costs and attorneys' fees, if any. However, if any party prevails on a statutory claim which affords the prevailing party attorneys' fees, the arbitrator may award reasonable attorneys' fees and costs to the prevailing party. EXECUTIVE EMPLOYEE UNDERSTANDS AND AGREES THAT THIS AGREEMENT TO ARBITRATE CONSTITUTES A WAIVER OF EXECUTIVE'S EMPLOYEE'S RIGHT TO A TRIAL BY JURY OF ANY MATTERS COVERED BY THIS AGREEMENT TO ARBITRATE. View More Arrow
Resignation as a Director on Termination of Employment. If Upon termination of Executive's employment by Company is terminated for any reason by either party, Executive hereby agrees that Executive shall automatically be treated as having resigned from any offices or for no reason, whether by way of resignation, Disability, or termination by positions related to the Company with or without Cause, and if Executive is then (including as a member of the Board of Directors of Company Directors, if applicable) or any Related Company, of its affiliates, an...d shall timely execute any documents required to effectuate the same. Page 7 9. Arbitration. It is the intention of Executive and Company that the Federal Arbitration Act and the California Arbitration Act shall within two business days after such termination of employment resign from the Board of Directors of Company and from the board of directors of each and every Related Company, by delivering to Company (and each Related Company, as applicable) a letter or other written communication addressed apply with respect to the Board arbitration of Directors of Company (and each Related Company, as applicable) stating that Executive is resigning from the Board of Directors of Company (and each Related Company, as applicable) effective immediately. disputes, claims, and controversies pursuant to, arising under, or in connection with this Agreement (including its Exhibit A business day shall be any day other than a Saturday, Sunday, or federal holiday on which federal offices are closed. AgeX Therapeutics, Inc.CFO Employment Agreement7 8. Arbitration. Confidentiality and IP Agreement). Except for injunctive proceedings against unauthorized disclosure of confidential information, information or other actual or threatened breach of this Agreement or its Exhibit A Confidentially and IP Agreement that may cause irreparable and continuing injury to the Company or its subsidiaries or affiliates for which there is no adequate remedy at law (and upon the issuance or denial of an injunction the underlying merits of any dispute will be resolved in accordance with the remainder of this Section), any and all claims or controversies between Company or any Related Company Subsidiary and Executive, including but not limited to (a) those involving the construction or application of any of the terms, provisions, or conditions of this Agreement or the Policies; (b) all contract or tort claims of any kind; and ( c) (c) any claim based on any federal, state, or local law, statute, regulation, or ordinance, including claims for unlawful discrimination or harassment, shall be settled by arbitration in accordance with either (i) the then current Employment Dispute Resolution Rules of the American Arbitration Association, Association ("AAA") or (ii) the then current Employment Arbitration Rules and & Procedures of the Judicial Arbitration and Mediation Service (JAMS) if the ("JAMS"), as selected by Company or Related Company and Executive agree to have the arbitration proceeding conducted by JAMS. a Subsidiary. Judgment on the award rendered by the arbitrator(s) may be entered by any court having jurisdiction over Company and Executive. The location of the arbitration shall be San Francisco, California. Unless Company or a Related Company Subsidiary and Executive mutually agree otherwise, the arbitrator shall be a retired judge selected from a panel provided by the American Arbitration Association, AAA or by JAMS if the arbitration is conducted by JAMS. Company, or a Related Company, Subsidiary, if the Related Company Subsidiary is a party to the arbitration proceeding, shall pay the arbitrator's fees and costs. Executive shall pay for Executive's own costs and attorneys' fees, if any. Company and any Related Company Subsidiary that is a party to an arbitration proceeding shall pay for its own costs and attorneys' fees, if any. However, if any party prevails on a statutory claim which affords the prevailing party attorneys' fees, the arbitrator may award reasonable attorneys' fees and costs to the prevailing party. Notwithstanding the foregoing, nothing in this Section shall be construed in a manner that would violate any law. EXECUTIVE UNDERSTANDS AND AGREES THAT THIS AGREEMENT TO ARBITRATE CONSTITUTES A WAIVER OF EXECUTIVE'S RIGHT TO A TRIAL BY JURY OF ANY MATTERS COVERED BY THIS AGREEMENT TO ARBITRATE. View More Arrow
Resignation as a Director on Termination of Employment. If Executive's employment by Company BioTime is terminated for any reason or for no reason, whether by way of resignation, Disability, or termination by Company BioTime with or without Cause, and if Executive is then a member of the Board of Directors of Company BioTime or any Related Company, Executive shall within two business days after such termination of employment resign from the Board of Directors of Company BioTime and from the board of directors of each and every Related Company, by del...ivering to Company BioTime (and each Related Company, as applicable) a letter or other written communication addressed to the Board of Directors of Company BioTime (and each Related Company, as applicable) stating that Executive is resigning from the Board of Directors of Company BioTime (and each Related Company, as applicable) effective immediately. A business day shall be any day other than a Saturday, Sunday, or federal holiday on which federal offices are closed. AgeX Therapeutics, Inc.CFO Employment Agreement7 7 8. Arbitration. Except for injunctive proceedings against unauthorized disclosure of confidential information, Confidential Information, any and all claims or controversies between Company BioTime or any Related Company and Executive, including but not limited to (a) those involving the construction or application of any of the terms, provisions, or conditions of this Agreement or the Policies; (b) all contract or tort claims of any kind; and ( c) (c) any claim based on any federal, state, or local law, statute, regulation, or ordinance, including claims for unlawful discrimination or harassment, shall be settled by arbitration in accordance with either (i) the then current Employment Dispute Resolution Rules of the American Arbitration Association, or (ii) the then current Employment Arbitration Rules and Procedures of the Judicial Arbitration and Mediation Service (JAMS) if the Company or Related Company and Executive agree to have the arbitration proceeding conducted by JAMS. Association. Judgment on the award rendered by the arbitrator(s) may be entered by any court having jurisdiction over Company BioTime and Executive. The location of the arbitration shall be San Francisco, California. Unless Company BioTime or a Related Company and Executive mutually agree otherwise, the arbitrator shall be a retired judge selected from a panel provided by the American Arbitration Association, or by JAMS if the arbitration is conducted by JAMS. Company, Judicial Arbitration and Mediation Service (JAMS). BioTime, or a Related Company, Company if the Related Company is a party to the arbitration proceeding, shall pay the arbitrator's fees and costs. Executive shall pay for Executive's own costs and attorneys' fees, if any. Company BioTime and any Related Company that is a party to an arbitration proceeding shall pay for its own costs and attorneys' fees, if any. However, if any party prevails on a statutory claim which affords the prevailing party attorneys' fees, the arbitrator may award reasonable attorneys' fees and costs to the prevailing party. EXECUTIVE UNDERSTANDS AND AGREES THAT THIS AGREEMENT TO ARBITRATE CONSTITUTES A WAIVER OF EXECUTIVE'S RIGHT TO A TRIAL BY JURY OF ANY MATTERS COVERED BY THIS AGREEMENT TO ARBITRATE. View More Arrow
Resignation as a Director on Termination of Employment. If Executive's employment by Company is terminated for any reason or for no reason, whether by way of resignation, Disability, or termination by Company with or without Cause, and if Executive is then a member of the Board of Directors of Company or any Related Company, Subsidiary, Executive shall within two business days after such termination of employment resign from the Board of Directors of Company and from the board of directors of each and every Related Company, Subsidiary, by delivering ...to Company (and each Related Company, Subsidiary, as applicable) a letter or other written communication addressed to the Board of Directors of Company (and each Related Company, Subsidiary, as applicable) stating that Executive is resigning from the Board of Directors of Company (and each Related Company, Subsidiary, as applicable) effective immediately. A business day shall be any day other than a Saturday, Sunday, or federal holiday on which federal offices are closed. AgeX Therapeutics, Inc.CFO Employment Agreement7 Page 11 8. Arbitration. It is the intention of Executive and Company that the Federal Arbitration Act and the California Arbitration Act shall apply with respect to the arbitration of disputes, claims, and controversies pursuant to, arising under, or in connection with this Agreement. Except for injunctive proceedings against unauthorized disclosure of confidential information, any and all claims or controversies between Company or any Related Company Subsidiary and Executive, including but not limited to (a) those involving the construction or application of any of the terms, provisions, or conditions of this Agreement or the Policies; (b) all contract or tort claims of any kind; and ( c) (c) any claim based on any federal, state, or local law, statute, regulation, or ordinance, including claims for unlawful discrimination or harassment, shall be settled by arbitration in accordance with either (i) the then current Employment Dispute Resolution Rules of the American Arbitration Association, Association or (ii) the then current Employment Arbitration Rules and & Procedures of the Judicial Arbitration and Mediation Service (JAMS) if the ("JAMS"), as selected by Company or Related Company and Executive agree to have the arbitration proceeding conducted by JAMS. a Subsidiary. Judgment on the award rendered by the arbitrator(s) may be entered by any court having jurisdiction over Company and Executive. The location of the arbitration shall be San Francisco, California. Unless Company or a Related Company Subsidiary and Executive mutually agree otherwise, the arbitrator shall be a retired judge selected from a panel provided by the American Arbitration Association, or by JAMS if the arbitration is conducted by JAMS. Judicial Arbitration and Mediation Service (JAMS). Company, or a Related Company, Subsidiary, if the Related Company Subsidiary is a party to the arbitration proceeding, shall pay the arbitrator's fees and costs. Executive shall pay for Executive's own costs and attorneys' fees, if any. Company and any Related Company Subsidiary that is a party to an arbitration proceeding shall pay for its own costs and attorneys' fees, if any. However, if any party prevails on a statutory claim which affords the prevailing party attorneys' fees, the arbitrator may award reasonable attorneys' fees and costs to the prevailing party. EXECUTIVE UNDERSTANDS AND AGREES THAT THIS AGREEMENT TO ARBITRATE CONSTITUTES A WAIVER OF EXECUTIVE'S RIGHT TO A TRIAL BY JURY OF ANY MATTERS COVERED BY THIS AGREEMENT TO ARBITRATE. View More Arrow
Resignation as a Director on Termination of Employment. If Executive's employment by Company Bank is terminated for any reason or for no reason, whether by way of resignation, Disability, or termination by Company Bank with or without Cause, and if Executive is then a member of the Board of Directors of Company Bank or any Related Company, Executive shall within two business days after before or on the day of such termination of employment resign from the Board of Directors of Company Bank and from the board of directors of each and every Related Com...pany, by delivering to Company Bank (and each Related Company, as applicable) a letter or other written communication addressed to the Board of Directors of Company Bank (and each Related Company, as applicable) stating that Executive is resigning from the Board of Directors of Company Bank (and each Related Company, as applicable) effective immediately. A business day shall be any day other than a Saturday, Sunday, or federal holiday on which federal offices are closed. AgeX Therapeutics, Inc.CFO Employment Agreement7 7 8. Arbitration. Except for injunctive proceedings against unauthorized disclosure of confidential information, any and all claims or controversies between Company Bank or any Related Company and Executive, including but not limited to (a) those involving the construction or application of any of the terms, provisions, or conditions of this Agreement or the Policies; (b) all contract or tort claims of any kind; and ( c) (c) any claim based on any federal, state, or local law, statute, regulation, or ordinance, including claims for unlawful discrimination or harassment, shall be settled by submitted to binding arbitration in accordance with either (i) the then current Employment Dispute Resolution Rules of the American Arbitration Association, or (ii) the then current Employment Arbitration Rules and Procedures of the Judicial Arbitration and Mediation Service (JAMS) if the Company or Related Company and Executive agree to have the arbitration proceeding conducted by JAMS. Employment Arbitration Rules & Procedures (which can be found at: https://www.jamsadr.com/rules-employment-arbitration/english) (the "Rules"). Judgment on the award rendered by the arbitrator(s) may be entered by any court having jurisdiction over Company Bank and Executive. The location of the arbitration shall be San Francisco, Diego, California. Unless Company Bank or a Related Company and Executive mutually agree otherwise, the arbitrator shall be a retired judge selected from a panel provided by the American Arbitration Association, or by JAMS if the arbitration is conducted by JAMS. Company, Judicial Arbitration and Mediation Service (JAMS). Bank, or a Related Company, if the Related Company is a party to the arbitration proceeding, shall pay the arbitrator's fees and costs. Executive shall pay for Executive's own costs and attorneys' fees, if any. Company Bank and any Related Company that is a party to an arbitration proceeding shall pay for its own costs and attorneys' fees, if any. However, if any party prevails on a statutory claim which affords the prevailing party attorneys' fees, the arbitrator may award reasonable attorneys' fees and costs to the prevailing party. EXECUTIVE Bank or any Related Company and Executive are entitled to meaningful discovery of essential documents and witnesses as determined by the arbitrator in accordance with the Rules.All issues and questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by, and construed in accordance with, the Federal Arbitration Act, 9 U.S.C. Sec I, et seq., and the laws of the State of California, without giving effect to any conflict of law.EXECUTIVE UNDERSTANDS AND AGREES THAT THIS AGREEMENT TO ARBITRATE CONSTITUTES A WAIVER OF EXECUTIVE'S RIGHT TO A TRIAL BY JURY OF ANY MATTERS COVERED BY THIS AGREEMENT TO ARBITRATE. View More Arrow
Resignation as a Director on Termination of Employment. If Executive's employment by Company is terminated for any reason or for no reason, whether by way of resignation, Disability, or termination by Company with or without Cause, and if Executive is then a member of the Board of Directors of Company or any Related Company, Directors, Executive shall within two business days after such termination of employment resign from the Board of Directors of Company and from the board of directors of each and every Related Company, by delivering to Company (a...nd each Related Company, as applicable) a letter or other written communication addressed to the Board of Directors of Company (and each Related Company, as applicable) stating that Executive is resigning from the Board of Directors of Company (and each Related Company, as applicable) effective immediately. A business day shall be any day other than a Saturday, Sunday, or federal holiday on which federal offices are closed. AgeX Therapeutics, Inc.CFO Employment Agreement7 Page 8 8. Arbitration. Except for injunctive proceedings against unauthorized disclosure of confidential information, any and all claims or controversies between Company or any Related Company and Executive, including but not limited to (a) those involving the construction or application of any of the terms, provisions, or conditions of this Agreement or the Policies; (b) all contract or tort claims of any kind; and ( c) (c) any claim based on any federal, state, or local law, statute, regulation, or ordinance, including claims for unlawful discrimination or harassment, shall be settled by arbitration in accordance with either (i) the then current Employment Dispute Resolution Rules of the American Arbitration Association, or (ii) the then current Employment Arbitration Rules and Procedures of the Judicial Arbitration and Mediation Service (JAMS) if the Company or Related Company and Executive agree to have the arbitration proceeding conducted by JAMS. Association. Judgment on the award rendered by the arbitrator(s) may be entered by any court having jurisdiction over Company and Executive. The location of the arbitration shall be San Francisco, Diego, California. Unless Company or a Related Company and Executive mutually agree otherwise, the arbitrator shall be a retired judge selected from a panel provided by the American Arbitration Association, or by JAMS if the arbitration is conducted by JAMS. Judicial Arbitration and Mediation Service (JAMS). Company, or a Related Company, if the Related Company is a party to the arbitration proceeding, shall pay the arbitrator's fees and costs. Executive shall pay for Executive's own costs and attorneys' fees, if any. If the Company and any Related Company that is a party to an arbitration proceeding it shall pay for its own costs and attorneys' fees, if any. However, if any party prevails on a statutory claim which affords the prevailing party attorneys' fees, the arbitrator may award reasonable attorneys' fees and costs to the prevailing party. EXECUTIVE UNDERSTANDS AND AGREES THAT THIS AGREEMENT TO ARBITRATE CONSTITUTES A WAIVER OF EXECUTIVE'S RIGHT TO A TRIAL BY JURY OF ANY MATTERS COVERED BY THIS AGREEMENT TO ARBITRATE. View More Arrow