Common use of Resignation from Board Clause in Contracts

Resignation from Board. Should Executive be a member of the Board at the time his employment with the Company terminates, Executive shall immediately tender his resignation as a Board member, which resignation shall be accepted, or not, in the Board’s discretion.

Appears in 1 contract

Samples: Employment Agreement (Lam Research Corp)

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Resignation from Board. Should Executive be a member of the Board at the time his If Executive's employment with the Company terminatesterminates for any reason, then Executive shall immediately tender his resignation as a Board member, which resignation shall be accepted, or not, in from the Board’s discretionboard of directors of the Bank and any committees thereof.

Appears in 1 contract

Samples: Employment Agreement (Glacier Bancorp Inc)

Resignation from Board. Should In the event that Executive's employment with the Company terminates for any reason, Executive be agrees to immediately resign from the Board (unless the Board requests that Executive continue to serve as a member of the Board at the time his employment with the Company terminates, Executive shall immediately tender his resignation as a Board member, which resignation shall be accepted, or not, in the Board’s discretion).

Appears in 1 contract

Samples: Employment Agreement (Pyramid Breweries Inc)

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Resignation from Board. Should Upon the termination of Executive’s employment for any reason, if Executive be is currently serving as a member of the Board, unless otherwise requested by the Board, Executive agrees to resign from the Board (and any other positions held at the time his employment with the Company terminates, Executive shall immediately tender his resignation or as a Board memberrepresentative of the Company), which resignation shall be acceptedand Executive, or not, in at the request of the Board’s discretion, will execute any documents necessary to reflect his resignation.

Appears in 1 contract

Samples: Employment Agreement (Highlands Bankshares Inc /Va/)

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