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 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.

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.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!