# Founder Resignation Letter

{resignation_effective_date}

To the Board of Directors of {company_legal_name}, a Delaware corporation (the "Company"):

## Key Terms

Company
: {company_legal_name}

Founder
: {founder_name}

Effective Date
: {resignation_effective_date}

Positions Resigned
: {resigned_positions}

## Terms

### Resignation

I, {founder_name} (the "Founder"), hereby resign from all positions I hold with the Company, including {resigned_positions}, effective as of {resignation_effective_date} (the "Effective Date").

My resignation from the Board of Directors and each officer position is effective on the Effective Date. From and after the Effective Date, I will hold no officer or director position with the Company and will have no authority to act for or bind the Company.

### Irrevocable and Complete

This resignation is irrevocable and covers every officer and director position I hold with the Company, whether or not listed above. It is not conditioned on any action by the Company and takes effect on the Effective Date without acceptance by the Board.

### No Waiver of Vested Rights or Indemnification

Nothing in this letter waives, releases, or diminishes any right I have that survives my departure, including any vested equity, accrued and unpaid compensation or expense reimbursement, rights under any equity or benefit plan, or any right to indemnification, advancement of expenses, or coverage under the Company's directors-and-officers liability insurance for acts or omissions in my former capacities. This letter does not create, and shall not be read to create, any new non-competition, non-solicitation, or other post-separation restrictive covenant; any such covenant, if any, exists only under a separate written agreement.

## Signature

Sincerely,

Signature: _______________

Print Name: {founder_name}

Date: {resignation_effective_date}

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