Common use of Effect of Termination on Other Positions Clause in Contracts

Effect of Termination on Other Positions. If, on the Date of Termination, the Executive is a member of the Board or the board of directors of any of the Company’s subsidiaries, or holds any other position with the Company or its subsidiaries, the Executive shall be deemed to have resigned from all such positions as of the Date of Termination. The Executive agrees to execute such documents and take such other actions as the Company may request to reflect such resignation.

Appears in 17 contracts

Samples: Employment Agreement (Smith Midland Corp), Employment Agreement (Capital Bank Financial Corp.), Employment Agreement (Capital Bank Financial Corp.)

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Effect of Termination on Other Positions. If, on the Date of Termination, the Executive is a member of the Board Company Board, the Bank Board, or the board of directors of any of the CompanyCadence’s subsidiaries, subsidiaries or holds any other position with the Company Cadence or its subsidiaries, the Executive shall be deemed to have resigned from all such positions as of the Date date of Terminationthe Executive’s termination of employment with Cadence. The Executive agrees to execute such documents and take such other actions as the Company Cadence may request to reflect such resignation.

Appears in 10 contracts

Samples: Employment Agreement (Cadence Bancorporation), Employment Agreement (Cadence Bancorporation), Employment Agreement (Cadence Bancorporation)

Effect of Termination on Other Positions. If, on the Date of Termination, the Executive is a member of the Board or the board of directors of any of the Company’s subsidiariesaffiliates, or holds any other position with the Company or its subsidiariesaffiliates, the Executive shall be deemed to have resigned from all such positions as of the Date of Termination. The Executive agrees to execute such documents and take such other actions as the Company may reasonably request to reflect such resignation.

Appears in 8 contracts

Samples: Employment Agreement (Presidio, Inc.), Employment Agreement (Presidio, Inc.), Employment Agreement (Presidio, Inc.)

Effect of Termination on Other Positions. If, on the Date of Termination, the Executive is a member of the Company’s Board of Directors (the “Board”) or the board of directors of any of the Company’s subsidiariesAffiliated Entity, or holds any other office or position with the Company or its subsidiariesany Affiliated Entity, Executive shall, unless otherwise requested by the Executive shall Company, be deemed to have resigned from all such offices and positions as of the Date of Termination. The Executive agrees to execute such documents and take such other actions as the Company may request to reflect such resignation.

Appears in 6 contracts

Samples: Severance Agreement (Aileron Therapeutics Inc), Severance Agreement (Aileron Therapeutics Inc), Severance Agreement (Aileron Therapeutics Inc)

Effect of Termination on Other Positions. If, on the Date date of Terminationhis termination of employment with Employer, the Executive is a member of the Board of Directors of the Company or the board of directors of any of the Company’s its subsidiaries, or holds any other position with the Company or any of its subsidiaries, the Executive shall be deemed to have resigned from all such positions as of the Date date of Terminationhis termination of employment with Employer. The Executive agrees to execute such documents and take such other actions as the Company Employer may request to reflect such resignation.

Appears in 6 contracts

Samples: Employment Agreement (Touchmark Bancshares, Inc.), Employment Agreement (Touchstone Bancshares, Inc.), Employment Agreement (Touchstone Bancshares, Inc.)

Effect of Termination on Other Positions. If, on the Date of Termination, the Executive is a member of the Board or the board of directors of any of the Company’s subsidiariesaffiliates, or holds any other position with the Company or its subsidiariesaffiliates, the Executive shall be deemed to have resigned from all such positions as of the Date of Termination. The Executive agrees to execute such documents a letter of resignation and take such other reasonable actions as the Company may request to reflect effect such resignation.

Appears in 6 contracts

Samples: Employment Agreement (Alico, Inc.), Employment Agreement (Alico, Inc.), Employment Agreement (Alico, Inc.)

Effect of Termination on Other Positions. If, on the Date of Termination, the Executive is a member of the Board or the board of directors of any of the Company’s subsidiaries, or holds any other position with the Company or its subsidiaries, the Executive shall be deemed to have resigned from all such positions as of the Date date of Terminationhis termination of employment with the Company. The Executive agrees to execute such documents and take such other actions as the Company may request to reflect such resignation.

Appears in 6 contracts

Samples: Employment Agreement (National Bank Holdings Corp), Employment Agreement (National Bank Holdings Corp), Employment Agreement (National Bank Holdings Corp)

Effect of Termination on Other Positions. If, on the Date of Termination, the Executive is a member of the Board of Directors of the Company (the “Board”) or the board of directors of any of the Company’s subsidiariesAffiliated Entities, or holds any other position with the Company or its subsidiariesAffiliated Entities, the Executive shall be deemed to have resigned from all such positions as of the Date of Termination. The Executive agrees to execute such documents and take such other actions as the Company may request to reflect such resignation.

Appears in 5 contracts

Samples: Employment Agreement (National Bank Holdings Corp), Employment Agreement (National Bank Holdings Corp), Employment Agreement (National Bank Holdings Corp)

Effect of Termination on Other Positions. If, on the Date of Termination, the Executive is a member of the Board or the board of directors of any of the Company’s subsidiariesaffiliates, or holds any other position with the Company or its subsidiariesaffiliates, the Executive shall not be deemed to have resigned from all any such positions as of the Date of Termination. The Executive agrees to execute such documents and take such other actions as the Company may request to reflect such resignationTermination by virtue of his termination of employment.

Appears in 3 contracts

Samples: Employment Agreement (Alico Inc), Employment Agreement (Alico Inc), Employment Agreement (Alico Inc)

Effect of Termination on Other Positions. If, on the Date of Termination, the Executive is a member of the Board or the board of directors of any of the Company’s subsidiariesAffiliated Entity, or holds any other office or position with the Company or its subsidiariesany Affiliated Entity, Executive shall, unless otherwise requested by the Executive shall Company, be deemed to have resigned from all such offices and positions as of the Date of Termination. The Executive agrees to execute such documents and take such other actions as the Company may request to reflect such resignation.

Appears in 3 contracts

Samples: Employment Agreement (Analogic Corp), Employment Agreement (Analogic Corp), Employment Agreement (Analogic Corp)

Effect of Termination on Other Positions. If, on the Date of Termination, the Executive is a member of the Board or the board of directors of any of the Company’s subsidiaries, or holds any other position with the Company or its subsidiaries, the Executive shall be deemed to have resigned from all such positions as of the Date date of Terminationhis termination of employment with the Company. The Executive agrees to execute such documents and take such other actions as the Company may request to reflect such resignation.. EXHIBIT 10.8

Appears in 2 contracts

Samples: Employment Agreement (NMI Holdings, Inc.), Employment Agreement (NMI Holdings, Inc.)

Effect of Termination on Other Positions. If, on the Date date of Terminationhis termination of employment with the Company, the Executive is a member of the Board of Directors of the Company or the board of directors of any of the Company’s its subsidiaries, or holds any other position with the Company or any of its subsidiaries, the Executive shall be deemed to have resigned from all such positions as of the Date date of Terminationhis termination of employment with the Company. The Executive agrees to execute such documents and take such other actions as the Company may request to reflect such resignation.

Appears in 2 contracts

Samples: Employment Agreement (First National Bankshares of Florida Inc), Employment Agreement (First National Bankshares of Florida Inc)

Effect of Termination on Other Positions. If, on the Date of Termination, the Executive is a member of the Parent Board, Company Board or the board of directors of any of the Company’s subsidiariestheir affiliates, or holds any other position with the Purchaser, the Company or its subsidiariestheir respective affiliates, the Executive shall be deemed to have resigned from all such positions as of the Date of Termination. The Executive agrees to execute such documents and take such other actions as the Purchaser and the Company may request to reflect such resignation.

Appears in 2 contracts

Samples: Retention Agreement (Hilltop Holdings Inc.), Retention Agreement (Hilltop Holdings Inc.)

Effect of Termination on Other Positions. If, on the Date of Termination, the Executive is a member of the Board or the board of directors of any of the Company’s EXHIBIT 10.10 subsidiaries, or holds any other position with the Company or its subsidiaries, the Executive shall be deemed to have resigned from all such positions as of the Date date of Terminationhis termination of employment with the Company. The Executive agrees to execute such documents and take such other actions as the Company may request to reflect such resignation.

Appears in 2 contracts

Samples: Employment Agreement (NMI Holdings, Inc.), Employment Agreement (NMI Holdings, Inc.)

Effect of Termination on Other Positions. If, on the Date date of Terminationhis termination of employment with the Company, the Executive is a member of the Board of Directors of the Company or the board of directors of any of the Company’s 's subsidiaries, or holds any other position with the Company Company, the Bank or its subsidiariesother subsidiaries of the Company, the Executive shall be deemed to have resigned from all such positions as of the Date date of Terminationhis termination of employment with the Company. The Executive agrees to execute such documents and take such other actions as the Company may request to reflect such resignation.

Appears in 2 contracts

Samples: Agreement (Citizens Banking Corp), Employment Agreement (Citizens Banking Corp)

Effect of Termination on Other Positions. If, on the Date date of Terminationhis termination of employment with Employer, the Executive is a member of the Board of Directors of the Company or the board of directors of any of the Company’s its subsidiaries, or holds any other position with the Company or any of its subsidiaries, the Executive shall be deemed to have resigned from all such positions as of the Date date of Terminationhis termination of employment with Employer. The Executive agrees to execute such documents and take such other actions as the Company Employer may request to reflect such resignation.

Appears in 2 contracts

Samples: Employment Agreement (Coastal Carolina Bancshares, Inc.), Employment Agreement (Coastal Carolina Bancshares, Inc.)

Effect of Termination on Other Positions. If, on the Date date of Terminationtermination for any reason, the Executive is a member of the Holding Company Board, the Board or the board of directors of any of the Company’s subsidiariesCompany or its Affiliated Companies, or holds any other position with the Company or its subsidiariesAffiliated Companies, the Executive shall be deemed to have resigned from all such positions as of the Date date of Terminationtermination. The Executive agrees to execute such documents and take such other actions as the Company may request to reflect such resignation.

Appears in 1 contract

Samples: Employment Agreement (Independent Bank Corp)

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Effect of Termination on Other Positions. If, on the Date date of Terminationhis termination of employment with the Company, the Executive is a member of the Board of Directors of the Company or the board of directors of any of the Company’s subsidiaries, or holds any other position with the Company or its and the subsidiaries, the Executive shall be deemed to have resigned from all such positions as of the Date date of Terminationhis termination of employment with the Company. The Executive agrees to execute such documents and take such other actions as the Company may request to reflect such resignation.

Appears in 1 contract

Samples: Agreement (Bank One Corp)

Effect of Termination on Other Positions. If, on the Date of Termination, the Executive is a member of the Board or the board of directors of any of the Company’s 's subsidiaries, or holds any other position with the Company or its subsidiaries, the Executive shall be deemed to have resigned from all such positions as of the Date of Termination. The Executive agrees to execute such documents and take such other actions as the Company may request to reflect such resignation.

Appears in 1 contract

Samples: Employment Agreement (NMI Holdings, Inc.)

Effect of Termination on Other Positions. If, on as of the Date of Terminationdate that Executive’s employment terminates for any reason, the Executive is a member of the Board (or the board of directors of any of entity affiliated with the Company’s subsidiaries), or holds any other position offices or positions with the Company (or its subsidiariesany entity affiliated with the Company), Executive shall, unless otherwise requested by the Executive shall be deemed to have resigned Company, immediately relinquish and/or resign from all any such board memberships, offices and positions as of the Date of Terminationdate his employment terminates. The Executive agrees to execute such documents and take such other actions as the Company may request to reflect such resignationrelinquishments and/or resignation(s).

Appears in 1 contract

Samples: Employment Agreement (Ocular Therapeutix, Inc)

Effect of Termination on Other Positions. IfExcept as may otherwise be requested by the Board, if, on the Date of Termination, the Executive is a member of the Board or the board of directors of any of the Company’s subsidiaries, or holds any other position with the Company or its subsidiaries, the Executive shall be deemed to have resigned from all such positions as of the Date date of Terminationhis termination of employment with the Company. The Executive agrees to execute such documents and take such other actions as the Company may request to reflect such resignationresignations.

Appears in 1 contract

Samples: Employment Agreement (Visa Inc.)

Effect of Termination on Other Positions. If, on the Date of Termination, the Executive is a member of the Board of Directors of the Company or the board of directors of any of the Company’s subsidiariestheir affiliates, or holds any other position with the Company or its subsidiariestheir respective affiliates, the Executive shall be deemed to have resigned from all such positions as of the Date of Termination. The Executive agrees to execute such documents and take such other actions as the Company may request to reflect such resignation.

Appears in 1 contract

Samples: Retention Agreement (Hilltop Holdings Inc.)

Effect of Termination on Other Positions. If, on the Date of Termination, the Executive is a member of the Board or the board of directors of any of the Company’s subsidiaries, or holds any other position with the Company or its subsidiaries, the Executive shall be deemed to have resigned from all such positions as of the Date date of Terminationher termination of employment with the Company. The Executive agrees to execute such documents and take such other actions as the Company may request to reflect such resignation.

Appears in 1 contract

Samples: Employment Agreement (National Bank Holdings Corp)

Effect of Termination on Other Positions. If, on the Date of Termination, the Executive is a member of the Board or the board of directors of any of the Company’s subsidiaries, or holds any other position with the Company or its subsidiaries, the Executive shall be deemed to have resigned from all such positions as of the Date of Termination. The Executive agrees to execute such documents and take such other actions as the Company may request to reflect such resignation.

Appears in 1 contract

Samples: Employment Agreement (United Community Banks Inc)

Effect of Termination on Other Positions. If, on the Date of Termination, the Executive is a member of the Board or the board of directors of any of the Company’s 's subsidiaries, or holds any other position with the Company or its subsidiaries, the Executive shall be deemed to have resigned from all such positions as of the Date date of Terminationhis termination of employment with the Company. The Executive agrees to execute such documents and take such other actions as the Company may request to reflect such resignation.

Appears in 1 contract

Samples: Employment Agreement (Citizens Banking Corp)

Effect of Termination on Other Positions. If, on the Date of Termination, the Executive is a member of the Board of Directors of Prime or the board of directors of any of the Company’s subsidiariestheir affiliates, or holds any other position with the Company or its subsidiariestheir respective affiliates, the Executive shall be deemed to have resigned from all such positions as of the Date of Termination. The Executive agrees to execute such documents and take such other actions as the Company may request to reflect such resignation.

Appears in 1 contract

Samples: Retention Agreement (Hilltop Holdings Inc.)

Effect of Termination on Other Positions. If, on the Date date of Terminationher termination of employment with Employer, the Executive is a member of the Board of Directors of the Company or the board of directors of any of the Company’s its subsidiaries, or holds any other position with the Company or any of its subsidiaries, the Executive shall be deemed to have resigned from all such positions as of the Date date of Terminationher termination of employment with Employer. The Executive agrees to execute such documents and take such other actions as the Company Employer may request to reflect such resignation.

Appears in 1 contract

Samples: Employment Agreement (Touchmark Bancshares, Inc.)

Effect of Termination on Other Positions. If, on the Date of Termination, the Executive is a member of the Board or the board of directors of any of the Company’s subsidiariesAffiliated Entity, or holds any other office or position with the Company or its subsidiariesany Affiliated Entity, the Executive shall be deemed to have resigned from all such offices and positions as of the Date date of Terminationhis termination of employment with the Company. The Executive agrees to execute such documents and take such other actions as the Company may request to reflect such resignation.

Appears in 1 contract

Samples: Employment Agreement (Analogic Corp)

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