When a board member resigns and leaves on good terms from a company, there still can be many financial, legal, and reputational issues to consider. This is especially true if the governing documents of the company aren't really clear on what happens when a board member leaves the board of directors. An Exit Agreement can help with this process by sorting out complicated issues that may arise while easing the transition for both the departing member and the company that he or she is leaving.
This easy to create Exit Agreement turns a potentially challenging situation into something manageable. The agreement lays out any remaining obligations the parties may have to each other while making sure that the professional reputations of the departing member and the company remain intact. This agreement also lays out the dates and terms of the board member's resignation and includes confidentiality provisions that help protect both parties.
Our step-by-step interview process makes creating a printable Exit Agreement easy.