Common use of Termination of Related Offices Clause in Contracts

Termination of Related Offices. The parties agree that in the event Officer’s employment by Illini is terminated for any reason, Officer will immediately resign from all other positions or offices held with Illini, including any directorships with Illini, or any subsidiaries thereof.

Appears in 4 contracts

Samples: Management Continuity Agreement (Illini Corp), Management Continuity Agreement (Illini Corp), Management Continuity Agreement (Illini Corp)

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Termination of Related Offices. The parties agree that in the event Officer’s employment by Illini is terminated for any reason, Officer will be deemed to have immediately resign resigned from all other positions or offices held with Illini, including any directorships with Illini, or any subsidiaries thereof.

Appears in 2 contracts

Samples: Management Continuity Agreement (Illini Corp), Management Continuity Agreement (Illini Corp)

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