Common use of Resignation from Board of Directors Clause in Contracts

Resignation from Board of Directors. In the event Executive’s employment under this Agreement is terminated for any reason, if applicable, Executive’s service as a Director of the Corporation, the Bank, and any affiliate or subsidiary thereof shall immediately terminate. This Section 3(f) shall constitute a resignation notice for such purposes.

Appears in 7 contracts

Samples: Release Agreement (Malvern Bancorp, Inc.), Employment Agreement (Royal Bancshares of Pennsylvania Inc), Agreement (Mid Penn Bancorp Inc)

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Resignation from Board of Directors. In the event Executive’s employment under this Agreement is terminated for any reason, if applicable, Executive’s service as a Director of the Corporation, the Bank, and any affiliate or subsidiary thereof shall immediately terminate. This Section 3(f3(g) shall constitute a resignation notice for such purposes.

Appears in 6 contracts

Samples: Employment Agreement (Mid Penn Bancorp Inc), Employment Agreement (Mid Penn Bancorp Inc), Employment Agreement (Mid Penn Bancorp Inc)

Resignation from Board of Directors. In Executive agrees that in the event Executive’s his employment under this Agreement is terminated for any reason, if applicableCause or otherwise involuntarily terminated, Executive’s service service, if any, as a Director director of the Corporation, the Bank, and the Corporation or any affiliate or subsidiary thereof thereof, shall immediately terminate. This terminate and this Section 3(f) shall constitute a resignation notice for such purposes.

Appears in 4 contracts

Samples: Employment Agreement (CCFNB Bancorp Inc), Employment Agreement (CCFNB Bancorp Inc), Separation Agreement and General Release (CCFNB Bancorp Inc)

Resignation from Board of Directors. In the event Executive’s employment under this Agreement is terminated for any reason, if applicable, Executive’s service as a Director of the Corporation, the Bank, and any affiliate or subsidiary thereof shall immediately terminate. This Section 3(f3(e) shall constitute a resignation notice for such purposes.

Appears in 3 contracts

Samples: Employment Agreement (Royal Bancshares of Pennsylvania Inc), Employment Agreement (Royal Bancshares of Pennsylvania Inc), Employment Agreement (Royal Bancshares of Pennsylvania Inc)

Resignation from Board of Directors. In the event Executive’s employment under this Agreement is terminated for any reason, if applicable, Executive’s service service, if any, as a Director of the Corporation, the Bank, and any affiliate or subsidiary thereof shall immediately terminate. This Section 3(f) shall constitute a resignation notice for such purposes.

Appears in 3 contracts

Samples: Separation Agreement and General Release (Citizens & Northern Corp), Separation Agreement and General Release (Citizens & Northern Corp), Separation Agreement and General Release (Citizens & Northern Corp)

Resignation from Board of Directors. In the event Executive’s employment under this Agreement is terminated for any reason, if applicable, Executive’s service as a Director of the Corporation, the Bank, and any affiliate or subsidiary thereof shall immediately terminate. This Section 3(f) shall constitute a resignation notice for such purposes.

Appears in 3 contracts

Samples: Employment Agreement (Sunshine Bancorp, Inc.), Separation Agreement and General Release (Citizens & Northern Corp), Employment Agreement (Tower Bancorp Inc)

Resignation from Board of Directors. In Executive agrees that in the event Executive’s his employment under this Agreement is terminated for any reason, if applicable, Executive’s service service, if any, as a Director director of the Corporation, the Bank, and the Corporation or any affiliate or subsidiary thereof thereof, shall immediately terminate. This terminate and this Section 3(f) shall constitute a resignation notice for such purposes.

Appears in 2 contracts

Samples: Separation Agreement and General Release (CCFNB Bancorp Inc), Employment Agreement (MUNCY COLUMBIA FINANCIAL Corp)

Resignation from Board of Directors. In the event Executive’s employment under this Agreement is terminated for any reason, if applicable, Executive’s service as a Director of the Corporation, the Bank, and any affiliate or subsidiary thereof shall immediately terminate. This Section 3(f) shall constitute a resignation notice for such purposes.

Appears in 1 contract

Samples: Employment Agreement (Royal Bancshares of Pennsylvania Inc)

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Resignation from Board of Directors. In the event Executive’s employment under this Agreement is terminated for any reason, if applicable, Executive’s service as a Director of the Corporation, Corporation or the Bank, Company and any affiliate or subsidiary thereof shall immediately terminate. This Section 3(f) shall constitute a resignation notice for such purposes.

Appears in 1 contract

Samples: Employment Agreement (NI Holdings, Inc.)

Resignation from Board of Directors. In the event Executive’s employment under this Agreement is terminated terminates for any reason, if applicable, Executive’s service as a Director of the Corporation, the Bank, and any affiliate or subsidiary thereof shall immediately terminate. This Section 3(f) shall constitute a resignation notice for such purposes.

Appears in 1 contract

Samples: Release Agreement (Malvern Bancorp, Inc.)

Resignation from Board of Directors. In the event Executive’s employment under this Agreement is terminated for any reason, if applicable, Executive’s service service, if ​ ​ ​ any, as a Director of the Corporation, the Bank, and any affiliate or subsidiary thereof shall immediately terminate. This Section 3(f) shall constitute a resignation notice for such purposes.

Appears in 1 contract

Samples: Separation Agreement and General Release (Citizens & Northern Corp)

Resignation from Board of Directors. In the event Executive’s employment under this Agreement is terminated for any reason, if applicable, Executive’s service as a Director of the Corporation, the Bank, and any affiliate or subsidiary thereof shall immediately terminate. This Section 3(f3(g) shall constitute a resignation notice for such purposes. 4.

Appears in 1 contract

Samples: Employment Agreement (Mid Penn Bancorp Inc)

Resignation from Board of Directors. In the event Executive’s employment under this Agreement is terminated for any reason, if applicable, Executive’s service service, if any, as a Director of the Corporation, the Bank, and any affiliate or subsidiary thereof shall immediately terminate. This Section 3(f) shall constitute a resignation notice for such purposes.. ​

Appears in 1 contract

Samples: Employment Agreement (Citizens & Northern Corp)

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