Resignation from Boards and Offices Sample Clauses

Resignation from Boards and Offices. Executive’s termination of employment for any reason or for no reason shall be deemed an automatic resignation by the Executive from all offices of the Company and its subsidiaries and from all other board of director or management positions with the Company and its subsidiaries.
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Resignation from Boards and Offices. Executive agrees that, upon termination of Executive’s employment for any reason set forth in this Article V or, if applicable, upon expiration of the Employment Term, Executive shall immediately resign as a director and officer from all State Auto companies or their respective successor(s). In addition, in the event that this Agreement remains in effect during the calendar year in which Executive attains age 65, at any time during such calendar year, State Auto reserves the right to alter all of the Executive’s then current job titles, including Chief Executive Officer and/or President, as it deems necessary and that he resigns as a director from any and all State Auto company Boards. In the event that State Auto elects to alter Executive’s job title in accordance with the preceding sentence, Executive will resign immediately from any office, as so requested by State Auto. Any such alteration in job title and subsequent resignation as a director or officer as described herein will not constitute grounds for a claim by Executive that he has suffered an involuntary Termination Without Cause.
Sample 1
Resignation from Boards and Offices. Effective as of the Effective Date, Xxxxxxxx shall be deemed to have tendered his resignation (i) from the Board of Directors of MainSource Bank (the “Bank”), and (ii) from all offices of the Company, the Bank, and any of their affiliated entities.
Sample 1
Resignation from Boards and Offices. Effective as of the Effective Date, Xxxxxxx shall be deemed to have tendered his resignation from all offices of the Company and any of its affiliated entities.
Sample 1
Resignation from Boards and Offices. If Executive’s employment with Company terminates with Cause, Executive shall immediately resign (or be deemed to have resigned) from all offices and boards of directors of Company, any affiliates and any other entities for which Executive serves as a representative of Company. If Executive’s employment is terminated for any other reason (other than death), Executive shall immediately resign from (or be deemed to resign from) all boards of directors of Company, any affiliates and any other entities for which Executive serves as a representative of Company, unless otherwise requested by the Board. Upon termination of Executive’s employment for any reason, Executive shall be deemed to have resigned from all offices, if any, then held with Company or any of their respective affiliates.
Sample 1

Related to Resignation from Boards and Offices

  • RESIGNATION FROM BOARDS OF DIRECTORS In the event of Executive’s termination of employment due to an Event of Termination, Executive’s service as a director of the Bank, the Company, and any affiliate of the Bank or the Company shall immediately terminate. This Section 9 shall constitute a resignation notice for such purposes.

  • Resignation from Directorships and Officerships The termination of the Executive’s employment for any reason will constitute the Executive’s resignation from (i) any director, officer or employee position the Executive has with the Company or any of its Affiliates, and (ii) all fiduciary positions (including as a trustee) the Executive holds with respect to any employee benefit plans or trusts established by the Company. The Executive agrees that this Agreement shall serve as written notice of resignation in this circumstance, unless otherwise required by any plan or applicable law.

  • Resignation from Board of Directors If the Executive is a director of the Post-Transaction Corporation or any of its Affiliates and his status as an officer and employee is terminated for any reason other than death, the Executive will, if requested by the Post-Transaction Corporation, immediately resign as a director of the Post-Transaction Corporation and its Affiliates. If such resignation is not received within 20 business days after the Executive actually receives written notice from the Post-Transaction Corporation requesting the resignation, the Executive will forfeit any right to receive any payments pursuant to this Agreement.

  • Resignation of Directors and Officers The directors and officers of the Company in office immediately prior to the Effective Time shall have resigned as directors and officers of the Surviving Corporation effective immediately following the Effective Time.

  • Resignation from the Company for Good Reason Executive may resign Executive’s employment with the Company for Good Reason, as defined below.

  • Resignation from the Company with Good Reason Executive may resign Executive’s employment with the Company with Good Reason, as defined below.

  • Resignation from Positions Upon termination of the Executive’s employment with the Company for any reason, the Executive shall, as may be requested by the Company, resign from any position he then holds as an officer, director or fiduciary of the Company or any Company-related entity. In furtherance of the foregoing, the Executive shall execute and deliver to the Company any letters, documents and other instruments necessary or appropriate to effect such resignation.

  • Resignation from All Positions Upon the termination or resignation of the Executive’s employment with the Company for any reason, the Executive shall be deemed to have resigned, as of the date of such termination or resignation, from and with respect to all positions the Executive then holds as an officer, director, employee and member of the Board of Directors (and any committee thereof) of the Company and any of its Affiliates.

  • Resignations of Directors and Officers The persons holding the positions of a director or officer of the Company, in office immediately prior to the Effective Time, shall have resigned from such positions in writing effective as of the Effective Time.

  • Resignation from the Company without Good Reason Executive may resign Executive’s employment with the Company for any reason other than Good Reason or for no reason.

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