Common use of Resignation of Director Clause in Contracts

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.

Appears in 4 contracts

Samples: Agreement and Plan of Reorganization (Blue Ridge Bankshares, Inc.), Agreement and Plan of Reorganization (FVCBankcorp, Inc.), Affiliate Agreement (Blue Ridge Bankshares, Inc.)

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