Director Resignation Letter: General | Practical Law

Director Resignation Letter: General | Practical Law

A letter of resignation for a director resigning from the board of directors of a Delaware corporation. It is drafted specifically for use by a director of a reporting company who must offer to resign in accordance with a company policy requiring resignation on the occurrence of a triggering event, such as a director failing to receive the majority of the votes cast at an election or experiencing a change in occupation. This Standard Document has integrated notes with important explanations and drafting tips.

Director Resignation Letter: General

Practical Law Standard Document 8-563-6346 (Approx. 6 pages)

Director Resignation Letter: General

by Practical Law Corporate & Securities
MaintainedUSA (National/Federal)
A letter of resignation for a director resigning from the board of directors of a Delaware corporation. It is drafted specifically for use by a director of a reporting company who must offer to resign in accordance with a company policy requiring resignation on the occurrence of a triggering event, such as a director failing to receive the majority of the votes cast at an election or experiencing a change in occupation. This Standard Document has integrated notes with important explanations and drafting tips.