Termination and Resignation Clause Example with 17 Variations from Business Contracts
This page contains Termination and Resignation 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.
Termination and Resignation. Your membership on the Board may be terminated for any or no reason by a vote of the stockholders holding at least a majority of the shares of the Company's issued and outstanding shares entitled to vote. Your membership on the Board or on a Board committee may be terminated for any or no reason by a majority of the Board at any time, if you have been declared incompetent by an order of a court of competent jurisdiction or convicted of a felony. You may also terminate your membership on the Boar...d or on a committee for any or no reason by delivering your written notice of resignation to the Company ("Resignation"), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company's obligations to pay you any compensation (including the vested portion of the Shares) that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation. Any Shares that have not vested as of the effective date of such termination or Resignation shall be forfeited and cancelled.View More
Variations of a "Termination and Resignation" Clause from Business Contracts
Termination and Resignation. Your membership on the Board may be terminated for any terminated, with or no reason without cause, by a vote the holders of the stockholders holding at least a majority of the Company's shares of the Company's issued and outstanding shares common stock entitled to vote. vote at an election of directors. Your membership on the Board or on a any Board committee may committee(s) shall be terminated for any or no reason by a majority of the Board at any time, if you have been declared incompetent b...ecome of unsound mind or are prohibited by an order of a court of competent jurisdiction or convicted of a felony. law from being so. You may also terminate your membership on the Board or on a committee any Board committee(s) for any or no reason by delivering your written notice of resignation to the Company ("Resignation"), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation Resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate be subject to the Company's obligations to pay you any compensation (including the vested portion of the Shares) that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation. Any Shares that have not vested as of the effective date of such termination or Resignation shall be forfeited and cancelled. 2 SHINECO, INC. Room3310, North Tower, Zhengda Center, No. 20, Jinhe East Road, Chaoyang District, Beijing People's Republic of China 100020 9. Governing Law. All questions with respect to the construction and/ or enforcement of this Agreement, and the rights and obligations of the parties hereunder, shall be determined in accordance with the Chinese laws without regard to conflict of laws provisions therein. View More
Termination and Resignation. Your membership on the Board may be terminated for any terminated, with or no reason without cause, by a vote the holders of the stockholders holding at least a majority of the Company's shares of the Company's issued and outstanding shares common stock entitled to vote. vote at an election of directors. Your membership on the Board or on a any Board committee may committee(s) shall be terminated for any or no reason by a majority of the Board at any time, if you have been declared incompetent b...ecome of unsound mind or are prohibited by an order of a court of competent jurisdiction or convicted of a felony. law from being so. You may also terminate your membership on the Board or on a committee any Board committee(s) for any or no reason by delivering your written notice of resignation to the Company ("Resignation"), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation Resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate be subject to the Company's obligations to pay you any compensation (including the vested portion of the Shares) that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation. Any Shares that have not vested as of the effective date of such termination or Resignation shall be forfeited and cancelled. 2 SHINECO, INC. Room 1001, Building T5, DaZu Square, Daxing District, Beijing 100176 People's Republic of China 9. Governing Law. All questions with respect to the construction and/or enforcement of this Agreement, and the rights and obligations of the parties hereunder, shall be determined in accordance with the Chinese laws without regard to conflict of laws provisions therein. View More
Termination and Resignation. Your membership on position as the Board President, CEO and the Chairman may be terminated for any or no reason by a vote of the stockholders holding at least a majority of the shares of the Company's issued and outstanding shares entitled to vote. Your membership on position as the Board or on a Board committee President, CEO and the Chairman may be terminated for any or no reason by a majority of the Board at any time, if you have been declared incompetent by an order of a court of competent j...urisdiction or convicted of a felony. You may also terminate your membership on position as the Board or on a committee President, CEO and the Chairman for any or no reason by delivering your written notice of resignation to the Company ("Resignation"), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company's obligations to pay you any compensation (including the vested portion of the Shares) that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation. Any Shares that have not vested as of the effective date of such termination or Resignation shall be forfeited and cancelled. View More
Termination and Resignation. Your membership on the Board (which for purposes of this Agreement shall automatically mean any committee of the Board) may be terminated and you may be removed from the Board for any or no reason by a vote of the stockholders holding at least a majority sixty-six and two-thirds percent (66 2/3%) of the shares of the Company's issued and outstanding shares entitled to vote. Your membership on the Board or on a Board committee may be terminated for any or no reason by a majority of the Board at a...ny time, if you have been declared incompetent by an order of a court of competent jurisdiction or convicted of a felony. You may also terminate your membership on the Board or on a committee for any or no reason by delivering your written notice of resignation to the Company ("Resignation"), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation by the Company. Upon the effective date of any of the termination of your Board service or your Resignation, your right to compensation hereunder will terminate subject to the Company's obligations to pay you any compensation (including the vested portion of the Shares) that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation. Any Shares that have not vested as of the effective date of such termination or Resignation shall be forfeited and cancelled.View More
Termination and Resignation. Your membership on the Board may be terminated for any or no reason by a vote of the stockholders shareholders holding at least a majority of the shares of the Company's issued and outstanding shares entitled to vote or, alternatively, by a written resolution adopted by the shareholders holding at least a majority of the shares of the Company's issued and outstanding shares entitled to vote. Your membership on the Board or on a any Board committee may shall be terminated for if you become of uns...ound mind or are prohibited by law from being so. Your membership on any or no reason by a majority of Board committee will be terminated on the same effective date when your membership on the Board at any time, if you have been declared incompetent by an order of a court of competent jurisdiction or convicted of a felony. is terminated. You may also terminate your membership on the Board or on a any Board committee for any or no reason by delivering your written notice of resignation to the Company ("Resignation"), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation Resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate be subject to the Company's obligations to pay you any compensation (including the vested portion of the Shares) that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation. Any Shares that have not vested as of the effective date of such termination or Resignation shall be forfeited and cancelled. 2 Jerash Holdings (US), Inc. 277 Fairfield Road, Suite 338, Fairfield, NJ 07004 (214) 906-0065 9. Governing Law. All questions with respect to the construction and/or enforcement of this Agreement, and the rights and obligations of the parties hereunder, shall be determined in accordance with the internal laws of the State of New York without regard to conflict of laws provisions therein. View More
Termination and Resignation. Your membership on the Board services as a Director may be terminated for any or no reason by a vote the determination of the stockholders holding at least a majority of the shares of the Company's issued and outstanding shares entitled to vote. Your membership on the Board or on a Board committee may be terminated for any or no reason by a majority of the Board at any time, if you have been declared incompetent by an order of a court of competent jurisdiction or convicted of a felony. Board. Yo...u may also terminate your membership on the Board or on services as a committee Director for any or no reason by delivering your written notice of resignation to the Company ("Resignation"), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company's obligations to pay you any compensation (including the vested portion of the Shares) that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation. Any Shares that have not vested as of the effective date of such termination or Resignation shall be forfeited and cancelled.View More
Termination and Resignation. Your membership on position as the Board Director and the Chairman may be terminated for any or no reason by a vote of the stockholders holding at least a majority of the shares of the Company's issued and outstanding shares entitled to vote. Your membership on position as the Board or on a Board committee Director and the Chairman may be terminated for any or no reason by a majority of the Board at any time, if you have been declared incompetent by an order of a court of competent jurisdiction ...or convicted of a felony. You may also terminate your membership on position as the Board or on a committee Director and the Chairman for any or no reason by delivering your written notice of resignation to the Company ("Resignation"), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company's obligations to pay you any compensation (including the vested portion of the Shares) that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation. Any Shares that have not vested as of the effective date of such termination or Resignation shall be forfeited and cancelled. View More
Termination and Resignation. Your membership on the Board may be terminated for any or no reason by a vote of the stockholders shareholders holding at least a majority of the shares of the Company's issued and outstanding shares entitled to vote or, alternatively, by a written resolution adopted by the shareholders holding at least a majority of the shares of the Company's issued and outstanding shares entitled to vote. Your membership on the Board or on a any Board committee may shall be terminated for if you become of uns...ound mind or are prohibited by law from being so. Your membership on any or no reason by a majority of Board committee will be terminated on the same effective date when your membership on the Board at any time, if you have been declared incompetent by an order of a court of competent jurisdiction or convicted of a felony. is terminated. You may also terminate your membership on the Board or on a any Board committee for any or no reason by delivering your written notice of resignation to the Company ("Resignation"), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation Resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate be subject to the Company's obligations to pay you any compensation (including the vested portion of the Shares) that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation. Any Shares that have not vested as of the effective date of such termination or Resignation shall be forfeited and cancelled. 2 9. Governing Law. All questions with respect to the construction and/or enforcement of this Agreement, and the rights and obligations of the parties hereunder, shall be determined in accordance with the law of the State of New York applicable to agreements made and to be performed entirely in the State of New York. View More
Termination and Resignation. Your membership on the Board may be terminated for any terminated, with or no reason without cause, by a vote the holders of the stockholders holding at least a majority of the Company's shares of the Company's issued and outstanding shares common stock entitled to vote. vote at an election of directors. Your membership on the Board or on a any Board committee may committee(s) shall be terminated for any or no reason by a majority of the Board at any time, if you have been declared incompetent b...ecome of unsound mind or are prohibited by an order of a court of competent jurisdiction or convicted of a felony. law from being so. You may also terminate your membership on the Board or on a committee any Board committee(s) for any or no reason by delivering your written notice of resignation to the Company ("Resignation"), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation Resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate be subject to the Company's obligations to pay you any compensation (including the vested portion of the Shares) that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation. Any Shares that have not vested as of the effective date of such termination or Resignation shall be forfeited and cancelled. View More
Termination and Resignation. Your membership on the Board may be terminated for any or no reason by a vote of the stockholders holding at least a majority of the shares of the Company's issued and outstanding shares entitled to vote. Your membership on the Board or on a Board committee may be terminated for any or no reason at any meeting of the Board or by written consent of, a majority of the Board at any time, or if you have been declared incompetent by an order of a court of competent jurisdiction or convicted of a felo...ny. You may also terminate your membership on the Board or on a committee for any or no reason by delivering your written notice of resignation to the Company ("Resignation"), and such Resignation shall be effective upon the time specified therein or, if no time is specified, upon receipt of the notice of resignation by the Company. Upon the effective date of the termination or Resignation, your right to compensation hereunder will terminate subject to the Company's obligations to pay you any compensation (including the vested portion of the Shares) Options) that you have already earned and to reimburse you for approved expenses already incurred in connection with your performance of your Duties as of the effective date of such termination or Resignation. Any Shares Options that have not vested as of the effective date of such termination or Resignation shall be forfeited and cancelled. 3 10. Governing Law. All questions with respect to the construction and/or enforcement of this Agreement, and the rights and obligations of the parties hereunder, shall be determined in accordance with the law of the State of Delaware applicable to agreements made and to be performed entirely in the State of Delaware. View More
