Common use of Removal from any Boards and Positions Clause in Contracts

Removal from any Boards and Positions. Unless otherwise agreed to by the Parties, upon Executive’s Termination prior to the Separation Date, Termination for Cause, or termination due to death or Disability, Executive shall be deemed to resign (i) if a member, from the Board and the board of directors of any Affiliate and any other board to which Executive has been appointed or nominated by or on behalf of the Company, (ii) from each position with the Company and any Affiliate, including as an officer of the Company or an Affiliate and (iii) as a fiduciary of any employee benefit plan of the Company and any Affiliate.

Appears in 1 contract

Samples: Transitional Employment Agreement (West Bancorporation Inc)

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Removal from any Boards and Positions. Unless otherwise agreed to by Upon the Parties, upon Executive’s Termination prior to termination of employment for any reason under this Agreement, the Separation Date, Termination for Cause, or termination due to death or Disability, Executive shall be deemed to resign (i) if a member, from the Board and the board of directors of any Affiliate and any other board to which the Executive has been appointed or nominated by or on behalf of the Company, unless otherwise determined by the Nominating and Corporate Governance Committee of the Board in its sole discretion, (ii) from each position with the Company and or any Affiliate, including as an officer of the Company or an Affiliate any of its Affiliates and (iii) as a fiduciary of any employee benefit plan of the Company and any AffiliateCompany.

Appears in 1 contract

Samples: Employment Agreement (MidWestOne Financial Group, Inc.)

Removal from any Boards and Positions. Unless otherwise agreed to by Upon the Parties, upon Executive’s Termination prior to termination of employment for any reason under this Agreement, the Separation Date, Termination for Cause, or termination due to death or Disability, Executive shall be deemed to resign (i) if a member, from the Board and of Directors (the “Board”) of SPX Technologies, Inc. or board of directors of any Affiliate and affiliate or any other board to which the Executive has been appointed or nominated by or on behalf of the CompanyCompany or SPX Technologies, Inc., (ii) from each any position with the Company and or any Affiliateaffiliate, including including, but not limited to, as an officer of the Company or an Affiliate any of its affiliates, and (iii) as a fiduciary of any employee benefit plan of the Company and any Affiliateor its affiliates.

Appears in 1 contract

Samples: Form of Severance Benefit Agreement (SPX Technologies, Inc.)

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Removal from any Boards and Positions. Unless otherwise agreed to in writing by the PartiesParties at the time of Termination, upon Executive’s Termination prior to the Separation Datea Termination, Termination for Cause, or termination due to death or Disability, Executive Employee shall be deemed to resign (i) if a member, from the Board and the board of directors of any Affiliate and any other board to which Executive Employee has been appointed or nominated by or on behalf of the CompanyCompany or an Affiliate, (ii) from each position with the Company and any Affiliate, including as an officer of the Company or an Affiliate and (iii) as a fiduciary of any employee benefit plan of the Company and any Affiliate.

Appears in 1 contract

Samples: Employment Agreement (Trinity Capital Corp)

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