Common use of Resignation of Director Clause in Contracts

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.

Appears in 4 contracts

Samples: Agreement and Plan of Reorganization (Summit Financial Group, Inc.), Affiliate Agreement (Summit Financial Group, Inc.), Merger Agreement (Burke & Herbert Financial Services Corp.)

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