Officer Position. Concurrent with Employee's employment with the Company, it is anticipated that Employee will be elected as an officer of the Company. Employee shall resign his position as an officer of the Company should Employee's employment with the Company terminate for any reason, with Employee's resignation being effective no later than the effective date of the effective date of Employee's termination of employment.
Officer Position. In fulfilment of the Employee’s duties, the Employee may have to act as officer, director or in any other corporate function within the Company or any Group Company. The Company may decide at its full discretion when such function shall end, and the Employee will retire from such functions and sign the necessary documentation upon first request. The base salary as defined in Section 11.1 includes any and all remuneration for such functions and positions. In case the law provides for a mandatory remuneration the Company will decide whether such compensation shall be forwarded to the Company or be set off against the base salary as defined in Section 11.1 paid to the Employee by the Company.
Officer Position. Employee’s position with the Company shall be deemed an Officer position and shall be covered any of the Company’s Directors and Officers insurance policies. Employee shall meet regularly with the officers of the Company pursuant to the Bylaws or as such meetings are scheduled. Employee acknowledges that an updated copy of the Bylaws has been furnished to Employee and that he or she has thoroughly reviewed it and understands the contents therein.
Officer Position. Your execution of this Agreement shall also constitute your resignation, as of the Effective Date, as Corporate Secretary and officer of the Company You may revoke your acceptance of this Agreement by delivering written notice of revocation to Xx. Xxxxxx X. DiGenova at 000 Xxxxx Xx., Syracuse, New York 13203, at any time prior to the Effective Date. If you revoke your acceptance of this Agreement, it will become null and void for all purposes and the Company will have no obligation to provide you the payments or other separation benefits set out above in this Agreement. Please give careful consideration to the terms of this Agreement. You are encouraged to contact your own legal counsel if necessary to assist you in understanding the terms and conditions herein. Please understand that your acceptance of this Agreement is a prerequisite to receiving the payments set out in this Agreement. If you accept all of the terms of this Agreement, please signify by signing below and returning to Xx. XxXxxxxx.
Officer Position. In fulfilment of his duties, the Employee may have to act as officer, director or in any other corporate function within the Employer or any Group Company. The Employer may decide at its full discretion when such function shall end and the Employee will retire from such functions and sign the necessary documentation upon first request. The Base Salary as defined in section 5.1 includes any and all remuneration for such functions and positions. In case the law provides for a mandatory remuneration the Employer will decide whether such compensation shall be forwarded to the Employee or be set off against the compensation paid to the Employee by the Employer.
Officer Position. Executive will be employed as Chairman of the Boards of Directors of Centura and of the Bank. Executive's responsibilities under this Agreement shall be in accordance with the policies and objectives established by such Boards, and shall be consistent with the responsibilities of similarly situated executives of comparable banks and bank holding companies. In each such capacity, Executive will report directly to the applicable Board of Directors of Centura.
Officer Position. Sxxxx X. Xxxxx Chief Executive Officer Rxxxxxx X. Rxxxxx Executive Vice President, Chief Financial Officer and Corporate Secretary
Officer Position. PremierWest Bancorp and the Bank shall continue to employ Executive to serve as Chief Executive Officer according to the terms and conditions of this Agreement, for the period stated in Section 2 below.
Officer Position. Your execution of this Agreement shall also constitute your resignation, as of the Effective Date, as Vice President and Chief Operating Officer or any other officer title of the Company and its subsidiaries.
Officer Position. Xxxxx X. Xxxxx Chief Executive Officer Xxxxxxx X. Xxxxxx Executive Vice President, Chief Financial Officer and Corporate Secretary Officers as Agents. The Officers, to the extent of their powers set forth in this Agreement or otherwise vested in them by action of the Board of Directors not inconsistent with this Agreement, are agents of the Company for the purpose of the Company’s business, and the actions of the Officers taken in accordance with such powers shall bind the Company.
