Resignation of Director. Any Director may resign as Director of the Company upon written notice to the Board of Directors.
Resignation of Director. In the event that Shareholder is not selected to serve as a member of the Board of Directors of the Continuing Corporation, Shareholder hereby agrees to resign as a director of BRBS and Blue Ridge Bank, and to deliver a letter of resignation to BRBS and Blue Ridge Bank, in each case in the form reasonably requested by BRBS and effective as of the Effective Time.
Resignation of Director. In the event that Xxxxxxxxxxx is not selected to serve as a member of the Board of Directors of the Continuing Corporation, Xxxxxxxxxxx xxxxxx agrees to resign as a director of SMMF and SCB, as applicable, and to deliver a letter of resignation to SMMF and SCB, in each case in the form reasonably requested by SMMF and effective as of the Effective Time.
Resignation of Director. In the event that Xxxxxxxxxxx is not selected to serve as a member of the Board of Directors of the Continuing Corporation, Xxxxxxxxxxx xxxxxx agrees to resign as a director of BHRB and B&H Bank, and to deliver a letter of resignation to BHRB and B&H Bank, in each case in the form reasonably requested by BHRB and effective as of the Effective Time.
Resignation of Director. The size of the board of directors of the Company shall be five (5) directors, and there shall be at least one vacancy on the board of directors of the Company as a result of the resignation of at least one director in accordance with the Company's bylaws, such resignation to be effective upon or prior to the consummation of the First Closing.
Resignation of Director. Five (5) Business Days after the Completion of the Agreement, the Vendor shall procure the duly executed resignation letter from Xx. Xxxx Changshan’s resigning from the position of executive director of the Issuer, effective upon the presentation of such resignation letter to the board of directors of the Issuer. Such resignation letter shall contain a confirmation under seal that the resigning director has no claim (and in so far there is any, unconditionally waive any such claim against the Issuer) whatsoever against the Issuer for loss or termination of office.
Resignation of Director. In the event that Digital River owns less than ten percent (10%) of the outstanding shares of Voting Stock, then the Company may at such time request the Digital River Designee to resign from the Board of Directors, and within ten (10) days following such request, the Digital River Designee shall resign from the Board of Directors.
Resignation of Director. On the Settlement Date, Xxxxxx will cause Xxxx Xxxxxx to resign from the Company’s Board of Directors effective as of the Settlement Date.
Resignation of Director. In the event that Shareholder is not selected to serve as a member of the Board of Directors of the Continuing Corporation, Shareholder hereby agrees to resign as a director of VABK and Virginia National Bank, and to deliver a letter of resignation to VABK and Virginia National Bank, in each case in the form reasonably requested by VABK and effective as of the Effective Time.
Resignation of Director. The Seller shall procure that any person that it appoints as a director to the board of the Company (the “MGP Director”) pursuant to Section 5.1.3 of the Master Separation Agreement shall, upon the Trigger Date, resign from the
