This document can be used as a Resignation letter / notice to quit from Director confirming that he/she is resigning from and has no claim against the Company.
The director acknowledges resigns from the company and acknowledges that there is no outstanding agreement or arrangement under which the Company has or could have any obligations to him/her other than relevant accrued remuneration and expenses.
If any such claim exists, the resigning director irrevocably waives these claims and hereby releases the Company from any liability in respect of him/her.
This document should be carefully read by the Director and the Company.
A director may use this document as a template for a resignation letter and a declaration for releasing the Company from any liability remaining towards him/her.
The Resignation date should be clearly stated in the Resignation letter.
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