Common use of Resignation as Director or Officer Clause in Contracts

Resignation as Director or Officer. Executive shall fail, promptly after Termination and upon receiving a written request to do so, to resign as a director and/or officer of the Bank and each affiliate of the Bank of which he is then serving as a director and/or officer.

Appears in 7 contracts

Samples: Change in Control Compensation Agreement (Banctrust Financial Group Inc), Change in Control Compensation Agreement (Banctrust Financial Group Inc), Control Compensation Agreement (South Alabama Bancorporation Inc /De/)

AutoNDA by SimpleDocs

Resignation as Director or Officer. Executive shall fail, promptly after Termination and upon receiving a written request to do so, to resign as a director and/or officer of the Bank Company and each affiliate of the Bank Company of which he is then serving as a director and/or officer.

Appears in 5 contracts

Samples: Control Compensation Agreement (Banctrust Financial Group Inc), Control Compensation Agreement (Banctrust Financial Group Inc), Control Compensation Agreement (Banctrust Financial Group Inc)

Resignation as Director or Officer. If Executive shall fail, promptly after Termination termination and upon receiving a written request to do so, to resign as a director and/or officer of the Bank and each subsidiary and affiliate of the Bank of which he is then serving as a director and/or officer.

Appears in 2 contracts

Samples: Control Compensation Agreement (Banctenn Corp), Control Compensation Agreement (Banctenn Corp)

Resignation as Director or Officer. Executive If executive shall fail, promptly after Termination and upon receiving a written request to do so, to resign as a director and/or officer of the Bank Equity and each subsidiary and affiliate of the Bank Equity of which he is then serving as a director and/or officer.

Appears in 2 contracts

Samples: Change in Control Compensation Agreement (Equity Oil Co), Change in Control Compensation Agreement (Equity Oil Co)

AutoNDA by SimpleDocs

Resignation as Director or Officer. Executive shall fail, promptly after Termination and upon receiving a written request to do so, to resign as a director and/or officer of the Bank and each affiliate of the Bank of which he is then serving as a director and/or officer. Confidentiality: Non-Solicitation; Cooperation; Consultancy.

Appears in 2 contracts

Samples: Change in Control Compensation Agreement (Banctrust Financial Group Inc), Change in Control Compensation Agreement (Banctrust Financial Group Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!