[{"data":1,"prerenderedAt":523},["ShallowReactive",2],{"document-resignation-of-directorship-D84":3},{"document":4,"label":26,"preview":11,"thumb":27,"thumb600":28,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":29,"breadcrumb":33,"related":41,"customDescModule":182,"customdescription":6,"mdFm":183,"mdProseHtml":522},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":15,"keywords":25},"June 19, 2022 Contact Name Address Address2 City, State/Province Zip/Postal Code OBJECT: Resignation of Directorship Dear [Contact name], I've been thinking a lot about my role in the company and after a careful reflection I decided to resign as a director of [YOUR COMPANY NAME] effective immediately",null,"Resignation of Directorship","1",32,"doc","https://templates.business-in-a-box.com/imgs/1000px/resignation-of-directorship-D84.png","https://templates.business-in-a-box.com/imgs/250px/84.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#84.xml",{"title":6,"description":6},[16,19,22],{"label":17,"url":18},"Business Plan Kit","/templates/business-plan-kit/",{"label":20,"url":21},"Board of Directors","/templates/board-of-directors/",{"label":23,"url":24},"Board Resolutions","/templates/business-resolutions/","resignation directorship","Resignation of Directorship Template","https://templates.business-in-a-box.com/imgs/400px/84.png","https://templates.business-in-a-box.com/imgs/600px/84.png",[30,16,19,22],{"label":31,"url":32},"Templates","/templates/",[34,35,38],{"label":31,"url":32},{"label":36,"url":37},"Legal Agreements","/templates/business-legal-agreements/",{"label":39,"url":40},"Transfers Terminations & 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Quit","/template/notice-to-pay-rent-or-quit-D1205","https://templates.business-in-a-box.com/imgs/250px/1205.png",{"label":83,"url":84,"thumb":85,"extension":10},"10 Reasons Why You Quit","/template/10-reasons-why-you-quit-D13050","https://templates.business-in-a-box.com/imgs/250px/13050.png",{"label":87,"url":88,"thumb":89,"extension":10},"Notice to Quit for Non-Payment of Rent","/template/notice-to-quit-for-non-payment-of-rent-D1206","https://templates.business-in-a-box.com/imgs/250px/1206.png",{"description":91,"descriptionCustom":6,"label":92,"pages":93,"size":94,"extension":10,"preview":95,"thumb":96,"svgFrame":97,"seoMetadata":98,"parents":99,"keywords":108,"url":109},"EMPLOYMENT AGREEMENT FOR AN EXECUTIVE This Employment Agreement for an Executive (the \"Agreement\") is made and effective this [Date], BETWEEN: [EXECUTIVE NAME] (the \"Executive\"), an individual with his main address at: AND: [COMPANY NAME] (the \"Company\"), an entity organized and existing under the laws of the [STATE/PROVINCE], with its head office located at: Recitals In consideration of the covenants and agreements herein contained and the moneys to be paid hereunder, the Company hereby employs the Executive and the Executive hereby agrees to perform services as an Executive of the Company, upon the following terms and conditions: TERM The Company hereby employs Executive to serve as [position] and to serve in such additional or different position or positions as the Company may determine in its sole discretion. The term of employment shall be for a period of [NUMBER] years (\"Employment Period\") to commence on [DATE], unless earlier terminated as set forth herein. The effective date of this Agreement shall be the date first set forth above, and it shall continue in effect until the earlier of: The effective date of any subsequent employment agreement between the Company and the Executive; The effective date of any termination of employment as provided elsewhere herein; or [NUMBER] year(s) from the effective date hereof, provided, that this Employment Agreement shall automatically renew for successive periods of [NUMBER] years each unless either party gives written notice to other that it does not wish to automatically renew this Agreement, which written notice must be received by the other party no less than [NUMBER] days and no more than [NUMBER] days prior to the expiration of the applicable term. Duties and Responsibilities Executive will be reporting to [IDENTIFY]. Within the limitations established by the By-laws of the Company, the Executive shall have each and all of the duties and responsibilities of that position and such other or different duties on behalf of the Company, as may be assigned from time to time by [identify what person or body may assign additional responsibilities]. Location The initial principal location at which Executive shall perform services for the Company shall be [location]. Acceptance of Employment Executive accepts employment with the Company upon the terms set forth above and agrees to devote all Executive's time, energy and ability to the interests of the Company, and to perform Executive's duties in an efficient, trustworthy and business-like manner. Devotion of Time to Employment The Executive shall devote the Executive's best efforts and substantially all of the Executive's working time to performing the duties on behalf of the Company. The Executive shall provide services during the normal business hours of the Company as determined by the Company. Reasonable amounts of time may be allotted to personal or outside business, charitable and professional activities and shall not constitute a violation of this Agreement provided such activities do not materially interfere with the services required to be rendered hereunder. QUALIFICATIONS The Executive shall, as a condition of this Agreement, satisfy all of the qualification that are reasonably and in good faith established by the Board of Directors. Compensation Base Salary Executive shall be paid a base salary (\"Base Salary\") at the annual rate of [salary], payable in bi-weekly installments consistent with Company's payroll practices. The annual Base Salary shall be reviewed on or before [DATE] of each year, unless Executive's employment hereunder shall have been terminated earlier pursuant to this Agreement, starting on [agreed upon date] by the Board of Directors of the Company to determine if such Base Salary should be increased for the following year in recognition of services to the Company. In consideration of the services under this Agreement, Executive shall be paid the aggregate of basic compensation, bonus and benefits as hereinafter set forth. Payment Payment of all compensation to Executive hereunder shall be made in accordance with the relevant Company policies in effect from time to time, including normal payroll practices. Bonus From time to time, the Company may pay to Executive a bonus out of net revenues of the Company. Payment of any bonus compensation shall be at the sole discretion of the Board of Directors or the Executive committee of the Board of Directors and the Executive shall have no entitlement to such amount absent a decision by the Company as aforesaid to make such bonus compensation. Executive shall also be entitled to a bonus determined as follows: [DESCRIBE] Benefits The Company shall provide Executive with such benefits as are provided to other senior management Of the Company. Benefits shall include at a minimum (i) paid vacation of [NUMBER] days per year, at such times as approved by the Board of Directors, (ii) health insurance coverage under the same terms as offered to other Executives of the Company, (iii) retirement and profit sharing programs as offered to other Executives of the Company, (iv) paid holidays as per the Company's policies, and (v) such other benefits and perquisites as are approved by the Board of Directors. The Company has the right to modify conditions of participation, terminate any benefit, or change insurance plans and other providers of such benefits in its sole discretion. The Executive shall be reimbursed for out of pocket expenses that are pre-approved by the Company, subject to the Company's policies and procedures therefore, and only for such items that are a necessary and integral part of the Executive's job functions. NonDeductible Compensation In the event a deduction shall be disallowed by the Internal Revenue Service or a court of competent jurisdiction for federal income tax purposes for all or any part of the payment made to Executive by the Company or any other shareholder or Executive of the Company, shall be required by the Internal Revenue Service to pay a deficiency on account of such disallowance, then Executive shall repay to the Company or such other individual required to make such payment, an amount equal to the tax imposed on the disallowed portion of such payment, plus any and all interest and penalties paid with respect thereto. The Company or other party required to make payment shall not be required to defend any proposed disallowance or other action by the Internal Revenue Service or any other state, federal, or local taxing authorities. Withholding All sums payable to Executive under this Agreement will be reduced by all federal, state, local, and other withholdings and similar taxes and payments required by applicable law. Other Employment Benefits Business Expenses Upon submission of itemized expense statements in the manner specified by the Company, Executive shall be entitled to reimbursement for reasonable travel and other reasonable business expenses duly incurred by Executive in the performance of his duties under this Agreement. Benefit Plans Executive shall be entitled to participate in the Company's medical and dental plans, life and disability insurance plans and retirement plans pursuant to their terms and conditions. Executive shall be entitled to participate in any other benefit plan offered by the Company to its Executives during the term of this Agreement (other than stock option or stock incentive plans, which are governed by Section 3(d) below). Nothing in this Agreement shall preclude the Company or any affiliate of the Company from terminating or amending any Executive benefit plan or program from time to time. Vacation Executive shall be entitled to [agreed upon number of time] weeks of vacation each year of full employment, exclusive of legal holidays, as long as the scheduling of Executive's vacation does not interfere with the Company's normal business operations.","Employment Agreement Executive","12",97,"https://templates.business-in-a-box.com/imgs/1000px/employment-agreement_executive-D543.png","https://templates.business-in-a-box.com/imgs/250px/543.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#543.xml",{"title":6,"description":6},[100,103,106],{"label":101,"url":102},"Human Resources","human-resources",{"label":104,"url":105},"Hire an Employee","hire-employee",{"label":36,"url":107},"business-legal-agreements","employment agreement executive","/template/employment-agreement-executive-D543",{"description":111,"descriptionCustom":6,"label":112,"pages":113,"size":114,"extension":10,"preview":115,"thumb":116,"svgFrame":117,"seoMetadata":118,"parents":120,"keywords":119,"url":125},"NON-DISCLOSURE AGREEMENT (NDA) This Non-Disclosure Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Disclosing Party\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [RECEIVING PARTY NAME] (the \"Receiving Party\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, Receiving Party has been or will be engaged in the performance of work on [DESCRIBE]; and in connection therewith will be given access to certain confidential and proprietary information; and WHEREAS, Receiving Party and Disclosing Party wish to evidence by this Agreement the manner in which said confidential and proprietary material will be treated. NOW, THEREFORE, it is agreed as follows: NON-DISCLOSURE OF CONFIDENTIAL INFORMATION Both Parties understand and agree that each Party may have access to the confidential information of the other party. For the purposes of this Agreement, \"Confidential Information\" means proprietary and confidential information about the Disclosing Party's (or it's suppliers') business or activities. Such information includes all business, financial, technical, and other information marked or designated by such Party as \"confidential\" or \"proprietary.\" Confidential Information also includes information which, by the nature of the circumstances surrounding the disclosure, ought in good faith to be treated as confidential. For the purposes of this Agreement, Confidential Information does not include: Information that is currently in the public domain or that enters the public domain after the signing of this Agreement. Information a Party lawfully receives from a third Party without restriction on disclosure and without breach of a non-disclosure obligation. Information that the Receiving Party knew prior to receiving any Confidential Information from the Disclosing Party. Information that the Receiving Party independently develops without reliance on any Confidential Information from the Disclosing Party. Each Party agrees that it will not disclose to any third Party or use any Confidential Information disclosed to it by the other Party except when expressly permitted in writing by the other Party. Each Party also agrees that it will take all reasonable measures to maintain the confidentiality of all Confidential Information of the other Party in its possession or control. TERM The term of this Agreement is [number] of [years/months] from the date of execution by both Parties. TITLE The Receiving Party agrees that all Confidential Information furnished by the Disclosing Party shall remain the sole property of the Disclosing Party. DISCLAIMER","Non Disclosure Agreement Nda","3",513,"https://templates.business-in-a-box.com/imgs/1000px/non-disclosure-agreement-nda-D12692.png","https://templates.business-in-a-box.com/imgs/250px/12692.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12692.xml",{"title":119,"description":6},"non disclosure agreement nda",[121,122],{"label":36,"url":107},{"label":123,"url":124},"Confidentiality Agreements","confidentiality-agreement","/template/non-disclosure-agreement-nda-D12692",{"description":127,"descriptionCustom":6,"label":128,"pages":129,"size":130,"extension":10,"preview":131,"thumb":132,"svgFrame":133,"seoMetadata":134,"parents":135,"keywords":139,"url":140},"INDEPENDENT CONTRACTOR AGREEMENT This Independent Contractor Agreement (\"Agreement\") is made and effective [Date], BETWEEN: [INDEPENDENT CONTRACTOR NAME] (the \"Independent Contractor\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Company\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] RECITALS Independent Contractor is engaged in providing [Describe] business services, its Employer Tax I.D. Number is [Insert], and its Business License Number is [insert]. Independent Contractor has complied with all Federal, State, and local laws regarding business permits, sales permits, licenses, reporting requirements, tax withholding requirements, and other legal requirements of any kind that may be required to carry out said business and the Scope of Work which is to be performed as an Independent Contractor pursuant to this Agreement. Independent Contractor is or remains open to conducting similar tasks or activities for clients other than the Company and holds themselves out to the public to be a separate business entity. Company desires to engage and contract for the services of the Independent Contractor to perform certain tasks as set forth below. Independent Contractor desires to enter into this Agreement and perform as an independent contractor for the company and is willing to do so on the terms and conditions set forth below. NOW, THEREFORE, in consideration of the above recitals and the mutual promises and conditions contained in this Agreement, the Parties agree as follows: TERMS This Agreement shall be effective commencing [Date], and shall continue until terminated at the completion of the Scope of Work which shall occur no later than [Date] or by either party as otherwise provided herein. STATUS OF INDEPENDENT CONTRACTOR This Agreement does not constitute a hiring by either party. It is the parties intentions that Independent Contractor shall have an independent contractor status and not be an employee for any purposes, including, but not limited to, [laws]. Independent Contractor shall retain sole and absolute discretion in the manner and means of carrying out their activities and responsibilities under this Agreement. This Agreement shall not be considered or construed to be a partnership or joint venture, and the Company shall not be liable for any obligations incurred by Independent Contractor unless specifically authorized in writing. Independent Contractor shall not act as an agent of the Company, ostensibly or otherwise, nor bind the Company in any manner, unless specifically authorized to do so in writing. TASKS, DUTIES, AND SCOPE OF WORK Independent Contractor agrees to devote as much time, attention, and energy as necessary to complete or achieve the following: [Describe]. The above to be referred to in this Agreement as the \"Scope of Work\". It is expected that the Scope of Work will completed by [Date]. Independent Contractor shall additionally perform any and all tasks and duties associated with the Scope of Work set forth above, including but not limited to, work being performed already or related change orders. Independent Contractor shall not be entitled to engage in any activities which are not expressly set forth by this Agreement. The books and records related to the Scope of Work set forth in this Agreement shall be maintained by the Independent Contractor at the Independent Contractor's principal place of business and open to inspection by Company during regular working hours. Documents to which Company will be entitled to inspect include, but are not limited to, any and all contract documents, change orders/purchase orders and work authorized by Independent Contractor or Company on existing or potential projects related to this Agreement. Independent Contractor shall be responsible to the management and directors of Company, but Independent Contractor will not be required to follow or establish a regular or daily work schedule. Supply all necessary equipment, materials and supplies. Independent Contractor will not rely on the equipment or offices of Company for completion of tasks and duties set forth pursuant to this Agreement. Any advice given Independent Contractors regarding the scope of work shall be considered a suggestion only, not an instruction. Company retains the right to inspect, stop, or alter the work of Independent Contractor to assure its conformity with this Agreement. ASSURANCE OF SERVICES Independent Contractor will assure that the following individuals (the \"Key Employees\") will be available to perform, and will perform, the Services hereunder until they are completed (identify by title and name as applicable): [Name of Key Employee, Title] [Name of Key Employee, Title] The Key Employees may be changed only with the prior written approval of the Company, which approval shall not be unreasonably withheld. COMPENSATION Independent Contractor shall be entitled to compensation for performing those tasks and duties related to the Scope of Work as follows: [Describe] Such compensation shall become due and payable to Independent Contractor in the following time, place, and manner: [Describe] NOTICE CONCERNING WITHHOLDING OF TAXES Independent Contractor recognizes and understands that it will receive a [specify tax] statement and related tax statements, and will be required to file corporate and/or individual tax returns and to pay taxes in accordance with all provisions of applicable Federal and State law. Independent Contractor hereby promises and agrees to indemnify the Company for any damages or expenses, including attorney's fees, and legal expenses, incurred by the Company as a result of independent contractor's failure to make such required payments. AGREEMENT TO WAIVE RIGHTS TO BENEFITS Independent Contractor hereby waives and foregoes the right to receive any benefits given by Company to its regular employees, including, but not limited to, health benefits, vacation and sick leave benefits, profit sharing plans, etc. This waiver is applicable to all non-salary benefits which might otherwise be found to accrue to the Independent Contractor by virtue of their services to Company, and is effective for the entire duration of Independent Contractor's agreement with Company. This waiver is effective independently of Independent Contractor's employment status as adjudged for taxation purposes or for any other purpose. Neither this Agreement, nor any duties or obligations under this Agreement may be assigned by either party without the consent of the other. TERMINATION This Agreement may be terminated prior to the completion or achievement of the Scope of Work by either party giving [number] days written notice. Such termination shall not prejudice any other remedy to which the terminating party may be entitled, either by law, in equity, or under this Agreement. NON-DISCLOSURE OF TRADE SECRETS, CUSTOMER LISTS AND OTHER PROPRIETARY INFORMATION Independent Contractor agrees not to disclose or communicate, in any manner, either during or after Independent Contractor's agreement with Company, information about Company, its operations, clientele, or any other information, that relate to the business of Company including, but not limited to, the names of its customers, its marketing strategies, operations, or any other information of any kind which would be deemed confidential, a trade secret, a customer list, or other form of proprietary information of Company. Independent Contractor acknowledges that the above information is material and confidential and that it affects the profitability of Company. ","Independent Contractor Agreement","6",62,"https://templates.business-in-a-box.com/imgs/1000px/independent-contractor-agreement-D160.png","https://templates.business-in-a-box.com/imgs/250px/160.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#160.xml",{"title":6,"description":6},[136],{"label":137,"url":138},"Consultant & Contractors","consulting-contractor-business","independent contractor agreement","/template/independent-contractor-agreement-D160",{"description":142,"descriptionCustom":6,"label":143,"pages":8,"size":114,"extension":10,"preview":144,"thumb":145,"svgFrame":146,"seoMetadata":147,"parents":149,"keywords":148,"url":152},"[DATE] [CONTACT NAME] [ADDRESS] [ADDRESS 2] [CITY, STATE/PROVINCE] [ZIP/POSTAL CODE] SUBJECT: JOB OFFER FOR [DESCRIBE] Dear [CANDIDATE NAME]: Congratulations! [Company name] is excited to offer you the position of [job title] with an expected start date of [day, month, year] at a starting salary of [dollar amount] per [hour, year, etc.]. You can expect to receive payment [weekly, biweekly, monthly, etc.], starting on [date of first pay period]. We must wrap up a few more formalities, including the successful completion of your [background check, drug screening, reference check, etc.]. As the [job title], you will report to [manager/supervisor name and title] at [workplace location] from [hours of day, days of week]","Job Offer Letter Long","https://templates.business-in-a-box.com/imgs/1000px/job-offer-letter-long-D12769.png","https://templates.business-in-a-box.com/imgs/250px/12769.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12769.xml",{"title":148,"description":6},"job offer letter long",[150,151],{"label":101,"url":102},{"label":104,"url":105},"/template/job-offer-letter-long-D12769",{"description":154,"descriptionCustom":6,"label":155,"pages":156,"size":114,"extension":10,"preview":157,"thumb":158,"svgFrame":159,"seoMetadata":160,"parents":162,"keywords":161,"url":167},"[DATE] [CONTACT NAME] [ADDRESS] [ADDRESS 2] [CITY, STATE/PROVINCE] [ZIP/POSTAL CODE] SUBJECT: Termination of your employment Dear [Contact name], We regret to inform you that your employment with [YOUR COMPANY NAME] is terminated effective upon receipt of this letter for the following reason(s): [DETAIL REASONS] [DETAIL REASONS] [DETAIL REASONS] Please vacate the premises immediately with your personal possessions. We will forward your salary earned to date in due course together with any vacation pay to which you are entitled. Within [NUMBER] days of termination we shall issue you a statement of accrued benefits. Any insurance benefits shall continue in accordance with applicable law and/or provisions of our personnel policy. Please contact [Name], at your earliest convenience, who will explain each of these items and arrange with you for the return of any company property. Sincerely, [YOUR NAME] [YOUR TITLE] [YOUR PHONE NUMBER] [YOUREMAIL@YOURCOMPANY.COM] [IF SENT BY EMAIL YOU MAY INCLUDE THIS NOTICE]","Employee Dismissal Letter","2","https://templates.business-in-a-box.com/imgs/1000px/employee-dismissal-letter-D508.png","https://templates.business-in-a-box.com/imgs/250px/508.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#508.xml",{"title":161,"description":6},"employee dismissal letter",[163,164],{"label":101,"url":102},{"label":165,"url":166},"Employee Termination","employee-termination","/template/employee-dismissal-letter-D508",{"description":169,"descriptionCustom":6,"label":170,"pages":171,"size":114,"extension":10,"preview":172,"thumb":173,"svgFrame":174,"seoMetadata":175,"parents":177,"keywords":176,"url":181},"EMPLOYMENT AGREEMENT - AT WILL EMPLOYEE This Employment Agreement for \"At Will\" Employee (the \"Agreement\") is made and effective this [DATE], BETWEEN: [EMPLOYEE NAME] (the \"Employee\"), an individual with his main address at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Corporation\"), an entity organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] RECITALS In consideration of the covenants and agreements herein contained and the moneys to be paid hereunder, the Corporation hereby employs the Employee and the Employee hereby agrees to perform services as an employee of the Corporation, on an \"at will\" basis, upon the following terms and conditions: APPOINTMENT The Employee is hereby employed by the Corporation to render such services and to perform such tasks as may be assigned by the Corporation. The Corporation may, in its sole discretion, increase or reduce the duties, or modify the title and job description, of the Employee from time to time, and any such increase, reduction or modification shall not be deemed a termination of this Agreement. ACCEPTANCE OF EMPLOYMENT Employee accepts employment with the Corporation upon the terms set forth above and agrees to devote all Employee's time, energy and ability to the interests of the Corporation, and to perform Employee's duties in an efficient, trustworthy and business-like manner. DEVOTION OF TIME TO EMPLOYMENT The Employee shall devote the Employee's best efforts and substantially all of the Employee's working time to performing the duties on behalf of the Corporation. The Employee shall provide services during the hours that are scheduled by the Corporation management. The Employee shall be prompt in reporting to work at the assigned time. NO CONFLICT OF INTEREST Employee shall not engage in any other business while employed by the Corporation. Employee shall not engage in any activity that conflicts with the Employees duties to the Corporation. Employee shall not provide any service or lend any aid or assistance to any party that competes with the services offered by the Corporation. Employee shall not provide any services to clients or prospective clients of the Corporation outside of the provision of services for the Corporation, whether such services are provided with or without compensation or remuneration. CORPORATION PROPERTY Employee acknowledges and agrees that while employed by the Corporation the Employee may be provided with use of computer equipment and other property of the Corporation. The use and possession of the such items shall be subject to any policies, requirements or restrictions established by the Corporation. Such items may only be used in performance of the Employee's duties for the corporation. On request of the Corporation, the Employee shall immediately deliver any such items to the Corporation. Upon termination of employment, Employee shall have the affirmative duty to return any such item to the Corporation whether a request is made or not. The obligation to return Corporation property shall extend and include any and all work product, client property, proprietary rights, intangible property, and all other property of the corporation regardless of the form or medium. COMPENSATION The Corporation shall pay the Employee such hourly compensation as determined by the Corporation. Payment shall be at the same time as the Corporations usual payroll to other employees. BONUS & BENEFITS Payment of any bonuses shall be at the complete discretion of the Corporation. No guarantee or representation that any bonuses will be paid has been made to the Employee. Standard benefits that are provided to other non-management employees shall be offered to the Employee, subject to the Corporation's policies and the terms and conditions of such benefits. WITHHOLDING All sums payable to Employee under this Agreement will be reduced by all federal, state, local, and other withholdings and similar taxes and payments required by applicable law. QUALIFICATIONS OF EMPLOYEE The employee shall satisfy all of the qualification that are established by the Corporation. TERM OF AGREEMENT There shall be no guaranteed term of employment. Employer acknowledges and agrees that Employee shall be an \"At Will\" Employee and that Employee's employment may be terminated at any time by the Corporation, with or without cause. FEES FROM EMPLOYEE'S WORK The Corporation shall have exclusive authority to determine the fees, or a procedure for establishing the fees, to be charged to clients by the Corporation for services that are provided by the Employee. All sums paid to the Employee or the Corporation in the way of fees, in cash or in kind, or otherwise for services of the Employee, shall, except as otherwise specifically agreed by the Corporation, be and remain the property of the Corporation and shall be included in the Corporation's name in such checking account or accounts as the Corporation may from time to time designate. CLIENTS AND CLIENT RECORDS The Corporation shall have the authority to determine who will be accepted as clients of the Corporation, and the Employee recognizes that such clients accepted are clients of the Corporation and not the Employee. All client records and files of any type concerning clients of the Corporation shall belong to and remain the property of the Corporation, notwithstanding the subsequent termination of the employment. POLICIES AND PROCEDURES The Corporation shall have the authority to establish from time to time the policies and procedures to be followed by the Employee in performing services for the Corporation. This may include, but is not necessarily limited to, employment policies, computer use policies, Internet access policies, email policies, and all other policies, procedures, directives, and mandates established by the Corporation, whether or not in written form or formally adopted. Employee shall abide by the provisions of any contract entered into by the Corporation under which the Employee provides services. Employee shall comply with the terms and conditions of any and all contracts entered by the Corporation. TERMINATION Employee acknowledges and agrees that Employee is an \"at will\" employee of the Corporation. As such, no term of employment is created hereby and employee may be terminated at any time in the sole discretion of the Corporation, whether there exists any cause for termination or not. CREATIONS AND INVENTIONS Employee acknowledges and agrees that any and all work product of the Employee that is conceived or created during the Employee's employment with the Corporation is the exclusive property of the Corporation. This shall include any and all copyrights, trade secrets, confidential information, patents, trademarks, trade dress, ideas, concepts, plans, business plans, business concepts, techniques, inventions, drawings, artwork, logos, graphics, web pages, databases, software, programs, CGI's, plug ins, applications, brochures, inventions, marketing plans and concepts, and all other ideas and work product of the Employee. The Employee acknowledges and agrees that all creations shall be \"works made for hire\" as defined in the [ACT OR CODE]. Notwithstanding the fact that this material may be considered to be a work made for hire, Employee agrees, during Employee's employment and thereafter, which covenant shall survive any termination of the employment relationship, to execute any and all documents requested by the Corporation to confirm the Corporation's ownership and control of all such material, including but not limited to assignments of copyright, confirmations of work for hire status, waivers of proprietary rights, copyright application, and any other documents requested by Corporation. RESTRICTIVE COVENANTS","Employment Agreement_At Will Employee","7","https://templates.business-in-a-box.com/imgs/1000px/employment-agreement_at-will-employee-D541.png","https://templates.business-in-a-box.com/imgs/250px/541.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#541.xml",{"title":176,"description":6},"employment agreement_at will employee",[178,179,180],{"label":101,"url":102},{"label":104,"url":105},{"label":36,"url":107},"/template/employment-agreement_at-will-employee-D541",false,{"seo":184,"reviewer":196,"legal_disclaimer":200,"quick_facts":201,"at_a_glance":203,"personas":207,"variants":232,"glossary":257,"clauses":288,"how_to_fill":339,"common_mistakes":375,"faqs":400,"industries":428,"comparisons":445,"diy_vs_lawyer":462,"jurisdictions":475,"related_template_ids_curated":496,"schema":509,"classification":510},{"meta_title":185,"meta_description":186,"primary_keyword":187,"secondary_keywords":188},"Resignation Of Directorship Template (Free Word)","Free resignation of directorship template to formally exit a board role. Covers notice, effective date, handover, and indemnity. Used in 190+ countries. Free Word and PDF download.","resignation of directorship template",[189,190,191,192,193,194,195],"director resignation letter template","resignation of directorship form","board director resignation template","director resignation template word","company director resignation letter","resignation of directorship free download","formal director resignation document",{"name":197,"credential":198,"reviewed_date":199},"Bruno Goulet","CEO, Business in a Box","2026-05-02",true,{"difficulty":202,"legal_review_recommended":200,"signature_required":200,"notarization_required":182},"medium",{"what_it_is":204,"when_you_need_it":205,"whats_inside":206},"A Resignation of Directorship is a formal legal document by which a sitting director notifies the company of their intention to vacate their position on the board. This free Word download captures the director's name, the company, the effective resignation date, any handover obligations, and a release of ongoing liability — giving both parties a clean, documented exit.\n","Use it whenever a board member steps down voluntarily, whether due to a career change, conflict of interest, health, or strategic disagreement. It is also required when a director is resigning as part of a business sale, restructuring, or shareholder-driven transition.\n","Identifying parties and board position, effective resignation date, notice period confirmation, post-resignation obligations (confidentiality and non-disparagement), handover and cooperation duties, indemnity and outstanding liability statement, and signature block for both the resigning director and an authorised company representative.\n",[208,212,216,220,224,228],{"title":209,"use_case":210,"icon_asset_id":211},"Departing board directors","Formally vacating a board seat to create a clean documented exit","persona-ceo",{"title":213,"use_case":214,"icon_asset_id":215},"Company secretaries","Filing a compliant resignation notice with the corporate registry","persona-operations-director",{"title":217,"use_case":218,"icon_asset_id":219},"Startup founders","Resigning from a board seat after a co-founder dispute or investor restructuring","persona-startup-founder",{"title":221,"use_case":222,"icon_asset_id":223},"HR managers and legal coordinators","Capturing a director's exit in writing before regulatory filing deadlines","persona-hr-manager",{"title":225,"use_case":226,"icon_asset_id":227},"Shareholders and investors","Requesting a board member's formal resignation as part of a buy-out or restructuring","persona-small-business-owner",{"title":229,"use_case":230,"icon_asset_id":231},"Professional service firm partners","Stepping down from a directorship in a subsidiary or affiliated entity","persona-freelancer",[233,236,240,244,247,250,254],{"situation":234,"recommended_template":7,"slug":235},"Director resigning voluntarily with standard notice","resignation-of-directorship-D84",{"situation":237,"recommended_template":238,"slug":239},"Director also holds a senior executive role and is resigning both positions","Executive Resignation Letter","letter-of-resignation-D512",{"situation":241,"recommended_template":242,"slug":243},"Director being removed by shareholders rather than resigning voluntarily","Board Resolution to Remove a Director","board-resolution-approving-sale-agreement-sole-director-D5152",{"situation":245,"recommended_template":246,"slug":235},"Director resigning as part of a company sale or change of control","Board Resignation in Connection with M&A",{"situation":248,"recommended_template":249,"slug":239},"Director stepping down from a nonprofit or charitable board","Nonprofit Board Member Resignation Letter",{"situation":251,"recommended_template":252,"slug":253},"Director notifying shareholders of resignation via a formal board resolution","Board Resolution — Resignation of Director","",{"situation":255,"recommended_template":256,"slug":239},"Director resigning and simultaneously appointing a replacement nominee","Director Appointment and Resignation Letter",[258,261,264,267,270,273,276,279,282,285],{"term":259,"definition":260},"Directorship","The office held by a person who sits on a company's board of directors, carrying fiduciary duties to act in the best interests of the company.",{"term":262,"definition":263},"Effective Date","The specific calendar date on which the resignation takes legal effect and the director's duties and authority formally cease.",{"term":265,"definition":266},"Fiduciary Duty","The legal obligation of a director to act in good faith, with due care, and in the best interests of the company and its shareholders.",{"term":268,"definition":269},"Notice Period","The minimum advance warning a director must give before their resignation takes effect, as required by the company's articles of association or applicable law.",{"term":271,"definition":272},"Articles of Association","The internal governance document that governs how a company is managed, including rules about the appointment and removal of directors.",{"term":274,"definition":275},"Board Resolution","A formal written record of a decision made by the board of directors, often required to acknowledge and accept a director's resignation.",{"term":277,"definition":278},"Indemnity","A contractual protection holding a party harmless from claims, losses, or liabilities arising from specified past acts or omissions.",{"term":280,"definition":281},"Non-Disparagement Clause","A contractual obligation preventing the resigning director from making negative public statements about the company, its officers, or its operations after departure.",{"term":283,"definition":284},"Corporate Registry","The government body responsible for maintaining public records of company officeholders — such as Companies House in the UK or the state secretary of state in the US — with which a director change must typically be filed.",{"term":286,"definition":287},"Handover Period","A defined transition window during which the resigning director cooperates with the company to transfer knowledge, sign documents, and assist with continuity.",[289,294,299,304,309,314,319,324,329,334],{"name":290,"plain_english":291,"sample_language":292,"common_mistake":293},"Parties and Board Position","Identifies the resigning director by full legal name and the company by its registered legal name, and states the specific directorship being vacated.","This Resignation is submitted by [DIRECTOR FULL NAME] ('Director') to [COMPANY LEGAL NAME], a [STATE/COUNTRY] [ENTITY TYPE] ('Company'), in respect of the Director's position as a member of the Board of Directors.","Using a trade name or nickname instead of the company's full registered legal name — the document may be rejected by the corporate registry if names do not match public records exactly.",{"name":295,"plain_english":296,"sample_language":297,"common_mistake":298},"Effective Resignation Date","States the precise date on which the resignation takes effect, which may be the date of signing or a future date following a notice period.","The Director hereby resigns from the Board of Directors of the Company, effective [DATE] ('Effective Date'), or such earlier date as the Board may determine in writing.","Leaving the effective date blank or writing 'immediately' without a specific calendar date, which can create disputes about when fiduciary duties actually ceased.",{"name":300,"plain_english":301,"sample_language":302,"common_mistake":303},"Confirmation of Notice Period Compliance","Confirms that the notice given satisfies any requirement in the company's articles of association, shareholder agreement, or applicable statute.","The Director confirms that this resignation constitutes [X] days' written notice as required under the Company's Articles of Association dated [DATE] / Section [X] of [APPLICABLE STATUTE].","Failing to cross-reference the articles of association before specifying the notice period — many companies require 30, 60, or 90 days, and a shorter notice can expose the director to a breach claim.",{"name":305,"plain_english":306,"sample_language":307,"common_mistake":308},"Return of Company Property","Requires the resigning director to return all company property — devices, documents, access credentials, and confidential materials — on or before the effective date.","On or before the Effective Date, the Director shall return to the Company all property in the Director's possession belonging to the Company, including but not limited to devices, documents, access tokens, and any Confidential Information in any medium.","Omitting electronic assets such as email accounts, cloud storage access, and software licences — these are routinely overlooked and cause operational problems after departure.",{"name":310,"plain_english":311,"sample_language":312,"common_mistake":313},"Post-Resignation Confidentiality","Reminds the resigning director that confidentiality obligations established in a prior director agreement or shareholder agreement survive the resignation.","The Director acknowledges that all confidentiality obligations owed to the Company, whether arising under a Director's Agreement dated [DATE], a Shareholders' Agreement, or applicable law, shall survive and continue in full force following the Effective Date.","Treating the resignation letter as the primary confidentiality instrument instead of referencing the underlying agreement — standalone NDAs in a resignation letter are harder to enforce than surviving obligations in a pre-existing agreement.",{"name":315,"plain_english":316,"sample_language":317,"common_mistake":318},"Non-Disparagement","Prohibits the resigning director from making negative or misleading public statements about the company, its board, officers, or employees after stepping down.","Following the Effective Date, the Director agrees not to make any statement, written or oral, that disparages or adversely affects the reputation of the Company, its directors, officers, employees, products, or services.","Making the non-disparagement obligation unilateral — applying it only to the director but not the company. Mutual non-disparagement is increasingly expected and harder for a departing director to challenge.",{"name":320,"plain_english":321,"sample_language":322,"common_mistake":323},"Cooperation and Handover Obligations","Requires the director to assist with transition activities — completing ongoing matters, signing required documents, and cooperating with successors — for a defined period after the effective date.","For a period of [X] days following the Effective Date, the Director shall cooperate reasonably with the Company to ensure an orderly transition, including executing any documents and providing information reasonably required to complete matters initiated during the Director's tenure.","Setting no time limit on handover obligations — an open-ended cooperation clause can be exploited to require the former director's involvement years after departure.",{"name":325,"plain_english":326,"sample_language":327,"common_mistake":328},"Outstanding Liabilities and Indemnity Statement","Addresses any outstanding financial liabilities of the director to the company or vice versa, and confirms whether the director retains indemnification rights for acts performed during their tenure.","The Director confirms there are no outstanding liabilities owed by the Director to the Company as of the Effective Date, save as disclosed in Schedule A. The Company confirms that the Director shall retain the benefit of any indemnity provisions applicable to board members in respect of acts and omissions occurring prior to the Effective Date.","Omitting the indemnity survival clause entirely — directors who are not expressly told they retain post-resignation indemnity coverage may face unprotected exposure from claims that arise after they leave.",{"name":330,"plain_english":331,"sample_language":332,"common_mistake":333},"Resignation from Subsidiary and Associated Roles","Extends the resignation to cover any subsidiary, affiliated entity, or associated committee roles the director holds in connection with the primary board seat.","This resignation shall also apply to any directorship, officership, or committee position held by the Director in any subsidiary or affiliated entity of the Company, effective as of the Effective Date, unless expressly agreed otherwise in writing.","Resigning only from the parent company board while forgetting active directorships in subsidiaries — those roles remain on public record and carry ongoing legal obligations until separately vacated.",{"name":335,"plain_english":336,"sample_language":337,"common_mistake":338},"Governing Law and Execution","Specifies the legal jurisdiction governing the document and provides the signature block for the director and an authorised company representative.","This Resignation shall be governed by the laws of [STATE / PROVINCE / COUNTRY]. Executed as of [DATE] by [DIRECTOR FULL NAME] (Director) and acknowledged by [AUTHORISED SIGNATORY NAME], [TITLE], on behalf of the Company.","Choosing a governing law that differs from both the company's place of incorporation and the director's location without legal justification — courts may disregard the chosen law if there is no meaningful connection.",[340,345,350,355,360,365,370],{"step":341,"title":342,"description":343,"tip":344},1,"Enter the registered legal names of both parties","Use the company's exact registered name as it appears on its certificate of incorporation or corporate registry filing. Use the director's full legal name as it appears on government-issued ID.","Search the relevant corporate registry before drafting — even minor name discrepancies can cause a filing to be rejected.",{"step":346,"title":347,"description":348,"tip":349},2,"Confirm the notice requirement in the articles of association","Review the company's articles of association and any shareholders' agreement to identify the minimum notice period required for a director to resign. Enter that period in the notice-compliance clause.","If no notice period is specified in the articles, most jurisdictions default to reasonable notice — 14–30 days is typically considered reasonable for a non-executive director.",{"step":351,"title":352,"description":353,"tip":354},3,"Set a specific effective resignation date","Calculate the effective date by adding the required notice period to today's date. Enter it as a specific calendar date — day, month, and year — rather than a relative reference like 'in 30 days.'","Align the effective date with a board meeting date where possible so the resignation can be formally acknowledged and minuted at the same time.",{"step":356,"title":357,"description":358,"tip":359},4,"List all subsidiary and associated roles being vacated","Identify every subsidiary, affiliated entity, or committee role the director holds in connection with the primary board seat. The resignation clause should explicitly extend to all of them or enumerate each.","Request a current officeholder search from your company secretary before drafting — directors often hold more subsidiary roles than they recall.",{"step":361,"title":362,"description":363,"tip":364},5,"Confirm or attach the schedule of outstanding liabilities","Confirm in writing whether any financial obligations — unpaid director loans, expense claims, or guarantees — exist between the director and the company. If they do, attach a Schedule A itemising them.","Leaving this clause blank does not mean no liabilities exist — it creates ambiguity. A nil statement ('the Director confirms there are no outstanding liabilities') is always better than silence.",{"step":366,"title":367,"description":368,"tip":369},6,"Specify the handover period and obligations","Enter the number of days during which the director agrees to cooperate with the transition. Define the scope — document signing, client introductions, knowledge transfer — to avoid disputes about what cooperation is required.","For a director with significant client relationships or regulatory responsibilities, 30–60 days is standard; for a non-executive director with a limited operational role, 7–14 days is typically sufficient.",{"step":371,"title":372,"description":373,"tip":374},7,"Execute and file with the corporate registry","Both the resigning director and an authorised company representative should sign the document. Once signed, the company secretary must file the change of directorship with the relevant corporate registry within the statutory deadline.","In the UK, Companies House requires a TM01 form within 14 days of the resignation date. In most US states, an amended statement of information or change of officers form is required — deadlines vary by state.",[376,380,384,388,392,396],{"mistake":377,"why_it_matters":378,"fix":379},"No specific effective date","Without a precise calendar date, the point at which the director's fiduciary duties cease is ambiguous — exposing both the director and the company to claims arising from actions taken in the grey period.","Always state the effective date as a specific day, month, and year. If the resignation is immediate, write today's full date rather than 'effective immediately.'",{"mistake":381,"why_it_matters":382,"fix":383},"Forgetting subsidiary directorships","A director who resigns from the parent company but remains on the corporate register of subsidiaries continues to owe fiduciary duties and can be held personally liable for those entities' actions.","Include a clause extending the resignation to all associated entities and file separate change-of-director notices with each relevant registry.",{"mistake":385,"why_it_matters":386,"fix":387},"Omitting the indemnity survival provision","If the resignation document is silent on post-resignation indemnity, the director may lose protection for claims arising from acts taken before their departure — particularly relevant in litigation or regulatory investigations.","Include an express clause confirming that any indemnity granted to directors under the articles, a D&O policy, or a director agreement survives the resignation.",{"mistake":389,"why_it_matters":390,"fix":391},"Failing to file with the corporate registry on time","Until the change is filed publicly, the outgoing director remains a named officer of record and continues to bear legal and reputational exposure for company actions.","File the required form with the relevant registry (Companies House TM01 in the UK, state filing in the US, etc.) within the statutory deadline — typically 14 days in the UK and varies by state in the US.",{"mistake":393,"why_it_matters":394,"fix":395},"Using a resignation letter instead of a formal resignation document","An informal letter lacks the clauses addressing confidentiality survival, handover obligations, and indemnity — leaving both parties exposed and creating disputes that a formal document would have pre-empted.","Use a dedicated resignation of directorship template that covers all material obligations, not a generic letter of resignation drafted for employment contexts.",{"mistake":397,"why_it_matters":398,"fix":399},"No acknowledgement from the company","A resignation signed only by the director but not acknowledged by an authorised company representative creates an evidentiary gap — the company could later dispute when or whether the resignation was received.","Include a signature block for an authorised company representative to acknowledge receipt and acceptance of the resignation, and date-stamp the acknowledgement.",[401,404,407,410,413,416,419,422,425],{"question":402,"answer":403},"What is a resignation of directorship?","A resignation of directorship is a formal legal document by which a sitting company director gives written notice of their intention to vacate their board position. It specifies the effective date of resignation, confirms compliance with any notice period required by the company's articles or applicable law, and sets out post-resignation obligations such as confidentiality and handover duties. It is the standard instrument for creating a clean, documented exit from a board role.\n",{"question":405,"answer":406},"Is a formal resignation document required to resign as a director?","In most jurisdictions, a written resignation is required or strongly recommended to create a legally clear record of the departure. In the UK, the Companies Act 2006 allows a director to resign without board approval, but a written notice is necessary evidence for the Companies House filing. In the US, most state corporation statutes and most articles of association require or expect written notice. An informal verbal resignation creates ambiguity about the effective date and ongoing duties.\n",{"question":408,"answer":409},"Does a director need the board's approval to resign?","Generally, no — in most common-law jurisdictions a director has an inherent right to resign and cannot be compelled to remain on the board. However, the company's articles of association or a shareholders' agreement may impose a notice period or require the director to cooperate with finding a replacement. The board typically passes a formal resolution acknowledging the resignation for governance and minute-book purposes, but that resolution does not block the resignation from taking effect.\n",{"question":411,"answer":412},"What happens to a director's liabilities after they resign?","Resignation does not automatically extinguish liabilities arising from acts or omissions during the director's tenure. A resigning director remains exposed to claims — regulatory, shareholder, or third-party — related to decisions made while they were on the board. This is why the resignation document should expressly confirm that D&O insurance coverage and any contractual indemnity granted under the articles survive the resignation date.\n",{"question":414,"answer":415},"Does a director also need to resign from subsidiary company boards?","Yes. Holding a directorship in a parent company does not automatically terminate directorships in subsidiaries or affiliated entities. Until a separate resignation or removal is filed for each entity, the director remains on the public register and owes fiduciary duties to every entity listed. The resignation document should include a clause extending the resignation to all associated roles, and separate registry filings should be made for each entity.\n",{"question":417,"answer":418},"How long after resignation must a director change be filed with the corporate registry?","Filing deadlines vary by jurisdiction. In the UK, Companies House requires a TM01 form within 14 days of the resignation date. In the US, filing requirements depend on the state of incorporation — most states require an amended statement of information or change of officers form, with deadlines ranging from 30 to 90 days. In Canada, filing is required with the relevant provincial or federal registry, typically within 15 days. Late filings can result in penalties and leave the director on the public record longer than intended.\n",{"question":420,"answer":421},"Can a director resign during a period of financial difficulty or insolvency?","A director can technically resign at any time, but timing matters significantly in insolvency contexts. In the UK and Australia, resigning immediately before insolvency to avoid liability is not effective — courts and liquidators can examine the director's conduct up to the point of insolvency regardless of resignation date. In some jurisdictions, a director who resigns while aware of impending insolvency without taking appropriate steps may face personal liability for insolvent trading or wrongful trading. Consider seeking legal advice before resigning in circumstances of financial stress.\n",{"question":423,"answer":424},"What is the difference between a resignation of directorship and a removal of director?","A resignation is voluntary — the director initiates the departure by providing written notice to the company. A removal is compulsory — shareholders or the board exercise a statutory or contractual power to terminate the directorship, typically by passing a special or ordinary resolution. The legal consequences, notice requirements, and documents required differ significantly between the two processes.\n",{"question":426,"answer":427},"Do I need a lawyer to resign as a director?","For a straightforward voluntary resignation from a private company with no outstanding disputes, a well-structured template is typically sufficient. Legal advice is recommended when the resignation involves contested circumstances (shareholder disputes, potential litigation, or insolvency), when significant indemnity or D&O insurance rights are at stake, when the director holds roles in multiple jurisdictions, or when the resignation triggers change-of-control provisions in a shareholders' agreement or financing document.\n",[429,433,437,441],{"industry":430,"icon_asset_id":431,"specifics":432},"Technology / SaaS","industry-saas","Founder departures in VC-backed companies often require investor consent clauses and trigger vesting acceleration provisions that must be referenced alongside the resignation.",{"industry":434,"icon_asset_id":435,"specifics":436},"Financial Services","industry-fintech","Regulated directors in banking and investment firms must notify regulators (FCA, SEC, FINRA) directly in addition to filing with the corporate registry, and resignation timing is subject to regulator approval in some cases.",{"industry":438,"icon_asset_id":439,"specifics":440},"Healthcare","industry-healthtech","Directors of licensed healthcare entities may need to notify licensing bodies or accreditation bodies separately, and handover obligations often extend to patient safety governance roles.",{"industry":442,"icon_asset_id":443,"specifics":444},"Professional Services","industry-professional-services","Partners stepping down from a firm's corporate board while remaining equity partners require careful drafting to distinguish directorship obligations from ongoing partnership rights and profit-sharing.",[446,450,454,458],{"vs":447,"vs_template_id":448,"summary":449},"Board Resolution — Removal of Director","D{BOARD_RESOLUTION_REMOVAL_ID}","A resignation of directorship is initiated by the director and is voluntary. A board resolution to remove a director is initiated by the board or shareholders and is compulsory, typically requiring a shareholder vote under the relevant companies act. The procedural requirements, notice periods, and compensation implications differ significantly between the two.",{"vs":451,"vs_template_id":452,"summary":453},"Resignation Letter (Employment)","D{RESIGNATION_LETTER_EMPLOYMENT_ID}","An employment resignation letter terminates a contract of employment. A resignation of directorship terminates a fiduciary board role, which is a distinct legal office. A director who is also an employee needs both documents — the employment letter alone does not vacate the board seat, and the directorship resignation alone does not terminate the employment relationship.",{"vs":455,"vs_template_id":456,"summary":457},"Director Appointment Letter","D{DIRECTOR_APPOINTMENT_LETTER_ID}","A director appointment letter establishes the terms under which a person joins a board — duties, remuneration, and expectations. A resignation of directorship formally terminates that appointment. Both documents should be retained together in the company's statutory records and minute book.",{"vs":459,"vs_template_id":460,"summary":461},"Shareholders' Agreement","D{SHAREHOLDERS_AGREEMENT_ID}","A shareholders' agreement often contains provisions that govern or restrict director resignations — drag-along rights, tag-along rights, or consent requirements tied to a director who is also a shareholder. The resignation of directorship document operates alongside but does not replace those provisions; the shareholders' agreement governs what happens to the departing director's equity.",{"use_template":463,"template_plus_review":467,"custom_drafted":471},{"best_for":464,"cost":465,"time":466},"Straightforward voluntary resignations from private companies with no active disputes or complex indemnity arrangements","Free","20–30 minutes",{"best_for":468,"cost":469,"time":470},"Resignations involving subsidiary entities, regulated industries, or significant D&O insurance and indemnity considerations","$300–$700","1–3 days",{"best_for":472,"cost":473,"time":474},"Contested resignations, insolvency contexts, multi-jurisdiction board roles, or departures tied to shareholder disputes or M&A transactions","$1,000–$4,000+","1–2 weeks",[476,481,486,491],{"code":477,"name":478,"flag_asset_id":479,"note":480},"us","United States","flag-us","Director resignation procedures are governed primarily by state corporation law and the company's articles of incorporation and bylaws. Most states — including Delaware — allow a director to resign at any time by delivering written notice, with no board approval required. A resignation may be effective immediately or at a future date as specified. The company must update its public filings (e.g., statement of information or annual report) with the state secretary of state within the applicable deadline, which varies by state from 30 to 90 days.",{"code":482,"name":483,"flag_asset_id":484,"note":485},"ca","Canada","flag-ca","Under the Canada Business Corporations Act and most provincial equivalents, a director may resign by sending written resignation to the company. The resignation takes effect on the date the written notice is received or on the later date specified in the notice. The company must file a Notice of Change of Directors with the relevant federal or provincial registry — Corporations Canada for federal companies, or the applicable provincial registrar — typically within 15 days. Directors of federally regulated financial institutions may also need to notify the Office of the Superintendent of Financial Institutions.",{"code":487,"name":488,"flag_asset_id":489,"note":490},"uk","United Kingdom","flag-uk","Under the Companies Act 2006, a director of a UK company may resign at any time by giving notice to the company — no board approval or shareholder consent is required. The company must notify Companies House by filing a TM01 form within 14 days of the resignation taking effect. Failure to file on time can result in a civil penalty. Directors of FCA-regulated firms must also notify the Financial Conduct Authority and may be subject to a regulatory approval period before the resignation becomes effective in their regulated capacity.",{"code":492,"name":493,"flag_asset_id":494,"note":495},"eu","European Union","flag-eu","Director resignation procedures vary across EU member states but most require written notice and a filing with the national commercial or corporate registry within a specified period — typically 7 to 30 days depending on the country. In Germany, the resignation must be entered in the Handelsregister; in France, the INPI business registry. GDPR considerations apply to how personal data about directors is handled and retained in public filings after departure. Some member states, including France and Spain, require a board meeting to formally acknowledge the resignation before the registry filing can proceed.",[497,498,499,500,501,502,503,504,505,506,507,508],"employment-agreement-executive-D543","non-disclosure-agreement-nda-D12692","independent-contractor-agreement-D160","job-offer-letter-long-D12769","employee-dismissal-letter-D508","employment-agreement_at-will-employee-D541","fixed-term-contract-D13225","remote-work-agreement-D13282","strategic-planning-template-D13857","minutes-of-meeting-of-directors-D14","adhesion-to-the-unanimous-shareholder-agreement-D848","business-plan-canvas-(one-page)-D12527",{"emit_how_to":200,"emit_defined_term":200},{"primary_folder":107,"secondary_folder":511,"document_type":512,"industry":513,"business_stage":514,"tags":515,"confidence":521},"transfers-terminations-and-releases","notice","general","all-stages",[516,517,518,519,520],"termination","resignation","directorship","board-governance","legal-notice",0.95,"\u003Ch2>What is a Resignation of Directorship?\u003C/h2>\n\u003Cp>A \u003Cstrong>Resignation of Directorship\u003C/strong> is a formal legal document through which a sitting board director gives written notice to a company that they are vacating their position on the board of directors. Unlike a general resignation letter used in employment contexts, this document addresses the specific legal obligations that attach to a directorship — including fiduciary duties, confidentiality obligations, handover cooperation, and the survival of indemnity rights after departure. It identifies both parties by their full registered names, states a precise effective resignation date, and creates a contemporaneous written record that satisfies corporate registry filing requirements in most jurisdictions.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Resigning verbally or by email without a formal resignation document leaves both the outgoing director and the company exposed to significant risk. Until a properly documented resignation is executed and filed with the relevant corporate registry, the departing director remains a named officeholder of record — continuing to owe fiduciary duties and bearing personal liability for company decisions made after they believed they had left. For the company, the absence of a formal resignation creates gaps in the statutory minute book, delays registry filings, and can complicate subsequent board appointments, financing events, and due diligence reviews. A well-drafted resignation of directorship document closes these gaps in a single instrument: it sets a hard effective date, confirms compliance with notice requirements, extends the resignation to subsidiary roles, and preserves the director's post-departure indemnity protections. This template gives both parties a professionally structured, jurisdiction-aware document that can be executed in under 30 minutes and filed with confidence.\u003C/p>\n",1781186036050]