Common use of RESIGNATION FROM BOARDS OF DIRECTORS Clause in Contracts

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.

Appears in 50 contracts

Samples: Employment Agreement (PFS Bancorp, Inc.), Employment Agreement (EWSB Bancorp, Inc. /MD/), Employment Agreement (EWSB Bancorp, Inc. /MD/)

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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 BankAssociation, the Company, and any affiliate of the Bank Association or the Company shall immediately terminate. This Section 9 shall constitute a resignation notice for such purposes.

Appears in 10 contracts

Samples: Employment Agreement (Monroe Federal Bancorp, Inc.), Employment Agreement (Oconee Federal Financial Corp.), Employment Agreement (Oconee Federal Financial Corp.)

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, Employer and as an officer or director of any affiliate of the Bank or the Company Employer shall immediately terminate. This Section 9 shall constitute a resignation notice for such purposes.

Appears in 10 contracts

Samples: Employment Agreement (First Interstate Bancsystem Inc), Employment Agreement (First Interstate Bancsystem Inc), Employment Agreement (First Interstate Bancsystem Inc)

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, Employer and any affiliate of the Bank or the Company Employer shall immediately terminate. This Section 9 shall constitute a resignation notice for such purposes.

Appears in 5 contracts

Samples: Employment Agreement (First Interstate Bancsystem Inc), Employment Agreement (First Interstate Bancsystem Inc), Employment Agreement (First Interstate Bancsystem Inc)

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, Company and any affiliate of the Bank or the Company shall immediately terminate. This Section 9 shall constitute a resignation notice for such purposes.

Appears in 4 contracts

Samples: Employment Agreement (FFBW, Inc. /MD/), Employment Agreement (FFBW, Inc. /MD/), Employment Agreement (FFBW, Inc. /MD/)

RESIGNATION FROM BOARDS OF DIRECTORS. In the event of Executive’s 's termination of employment due to an Event of Terminationfor any reason, Executive’s 's service (if any) as a director of the Bank, any holding company of the CompanyBank, and any affiliate of the Bank or the Company holding company shall immediately terminate. This Section 9 shall constitute a resignation notice for such purposes.

Appears in 4 contracts

Samples: Employment Agreement (Beacon Federal Bancorp, Inc.), Employment Agreement (Beacon Federal Bancorp, Inc.), Employment Agreement (Beacon Federal Bancorp, Inc.)

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

Appears in 3 contracts

Samples: Employment Agreement (Standard AVB Financial Corp.), Employment Agreement (Standard AVB Financial Corp.), Employment Agreement (Standard AVB Financial Corp.)

RESIGNATION FROM BOARDS OF DIRECTORS. In the event of Executive’s termination of employment due to an Event of Terminationfor any reason, Executive’s service as a director of the Bank, Bank or 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.

Appears in 3 contracts

Samples: Employment Agreement (Atlantic Coast Financial CORP), Employment Agreement (Atlantic Coast Financial CORP), Employment Agreement (Atlantic Coast Federal Corp)

RESIGNATION FROM BOARDS OF DIRECTORS. In the event of Executive’s 's termination of employment due to an Event of Termination, Executive’s '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.

Appears in 3 contracts

Samples: Employment Agreement (West End Indiana Bancshares, Inc.), Employment Agreement (West End Indiana Bancshares, Inc.), Employment Agreement (West End Indiana Bancshares, Inc.)

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

Appears in 3 contracts

Samples: Employment Agreement (Beacon Federal Bancorp, Inc.), Employment Agreement (Beacon Federal Bancorp, Inc.), Employment Agreement (Beacon Federal Bancorp, Inc.)

RESIGNATION FROM BOARDS OF DIRECTORS. In the event of Executive’s termination of employment due to an Event of TerminationTermination or for Cause at a time when Executive is also serving on the Board or the board of directors of the Company or any affiliate, 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.

Appears in 2 contracts

Samples: Employment Agreement (1895 Bancorp of Wisconsin, Inc. /MD/), Employment Agreement (1895 Bancorp of Wisconsin, Inc.)

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.

Appears in 2 contracts

Samples: Employment Agreement (Eagle Financial Bancorp, Inc.), Employment Agreement (Eagle Financial Bancorp, Inc.)

RESIGNATION FROM BOARDS OF DIRECTORS. In the event of Executive’s termination of employment due to an Event of TerminationTermination or for Cause, 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.

Appears in 2 contracts

Samples: Employment Agreement (1895 Bancorp of Wisconsin, Inc. /MD/), Employment Agreement (1895 Bancorp of Wisconsin, Inc. /MD/)

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

Appears in 2 contracts

Samples: Employment Agreement (ESSA Bancorp, Inc.), Employment Agreement (ESSA Bancorp, Inc.)

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, the MHC and any affiliate of the Bank or the Company shall immediately terminate. This Section 9 shall constitute a resignation notice for such purposes.

Appears in 2 contracts

Samples: Employment Agreement (FFBW, Inc.), Employment Agreement (FFBW, Inc.)

RESIGNATION FROM BOARDS OF DIRECTORS. In the event of Executive’s 's termination of employment due to an Event of Terminationfor any reason, Executive’s 's service as a director of the Bank, Bank or 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.

Appears in 2 contracts

Samples: Employment Agreement (Atlantic Coast Federal Corp), Employment Agreement (Atlantic Coast Federal Corp)

RESIGNATION FROM BOARDS OF DIRECTORS. In the event Executive also serves as a member of the board of directors of the Bank or any affiliate of the Bank at the time of Executive’s termination of employment due to an Event of Terminationfor any reason other than Retirement, 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.

Appears in 1 contract

Samples: Employment Agreement (Cape Bancorp, Inc.)

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

Appears in 1 contract

Samples: Employment Agreement (Beacon Federal Bancorp, Inc.)

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

Appears in 1 contract

Samples: Employment Agreement (Cape Bancorp, Inc.)

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

Appears in 1 contract

Samples: Employment Agreement (Beacon Federal Bancorp, Inc.)

RESIGNATION FROM BOARDS OF DIRECTORS. In the event Executive also serves as a member of the board of directors of the Bank or any affiliate of the Bank at the time of Executive’s termination of employment due to an Event of Terminationfor Cause, 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.

Appears in 1 contract

Samples: Employment Agreement (Cape Bancorp, Inc.)

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

Appears in 1 contract

Samples: Employment Agreement (Atlantic Coast Financial CORP)

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.. {Clients/1379/00388658.DOCX/ } 9

Appears in 1 contract

Samples: Employment Agreement (Cullman Bancorp, Inc. /MD/)

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 8 shall constitute a resignation notice for such purposes.

Appears in 1 contract

Samples: Employment Agreement (West End Indiana Bancshares, Inc.)

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.. ​

Appears in 1 contract

Samples: Employment Agreement (PFS Bancorp, Inc.)

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

Appears in 1 contract

Samples: Employment Agreement (ESSA Bancorp, Inc.)

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 10 shall constitute a resignation notice for such purposes.

Appears in 1 contract

Samples: Employment Agreement (Home Bancorp Wisconsin, Inc.)

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