RESIGNATION FROM BOARDS OF DIRECTORS. In the event of Executive’s termination of employment due to an Event of Termination, Executive’s service as a director of the Bank, the Company, and any affiliate of the Bank or the Company shall immediately terminate. This Section 9 shall constitute a resignation notice for such purposes.
RESIGNATION FROM BOARDS OF DIRECTORS. In the event of termination of Executive's employment for any reason other than upon a Change in Control, to the extent that Executive serves as a director of the Company and the Bank, and/or as a director and/or officer of any subsidiary or affiliate of the Company and/or the Bank, Executive shall immediately resign as a director.
RESIGNATION FROM BOARDS OF DIRECTORS. If Executive is a director of the Company or any of its affiliates and his employment is terminated for any reason, Executive shall, if requested by the Company, immediately resign as a director of the Company and/or any affiliate and any committees of such boards of directors. If such resignation is not received within ten (10) business days after Executive receives written notice from the Company requesting the resignations, Executive shall forfeit any right to receive any payments pursuant to this Agreement.
RESIGNATION FROM BOARDS OF DIRECTORS. In the event of the Executive’s termination of employment due to an Event of Termination or for Cause, the Executive shall have deemed to have resigned as a director of the Association, the Company, and any affiliate of the Association or the Company, effective immediately. This Section 9 shall constitute a resignation for all such purposes and the Executive agrees that the resignation(s) shall take effect immediately upon the termination of employment without any further action necessary on the part of the Executive the Association, the Company or any affiliate of the Association or the Company.
RESIGNATION FROM BOARDS OF DIRECTORS. In the event of the Executive’s termination of employment due to an Event of Termination or for Cause, the Executive shall have deemed to have resigned as a director of the Bank, the Company, and any affiliate of the Bank or the Company (as applicable), including the First Seacoast Bancorp, MHC, effective immediately. This Section 9 shall constitute a resignation for all such purposes and the Executive agrees that the resignation(s) shall take effect immediately upon the termination of employment without any further action necessary on the part of the Executive, the Bank, the Company or any affiliate of the Bank or the Company.
RESIGNATION FROM BOARDS OF DIRECTORS. If Executive is a director of Royal Gold, Inc. or any of its affiliates and his employment is terminated for any reason, Executive shall, if requested by Royal Gold, Inc., immediately resign as a director of Royal Gold, Inc. and/or any affiliate and any committees of such boards of directors. If such resignation is not received within ten (10) business days after Executive receives written notice requesting the resignations, Executive shall forfeit any right to receive any payments pursuant to this Agreement.
RESIGNATION FROM BOARDS OF DIRECTORS. In the event of Executive’s termination of employment due to an Event of Termination, Executive’s service as a director of the Employer and as an officer or director of any affiliate of the Employer shall immediately terminate. This Section 5 shall constitute a resignation notice for such purposes.
RESIGNATION FROM BOARDS OF DIRECTORS. Employee agrees that by signing this Agreement, he will resign from the Board of Directors of Millennium Bankshares Corporation and the Board of Directors of Millennium Bank, N.A. He further agrees that by signing this Agreement, he will resign from any other position held with of any related subsidiary, employee benefit plan, or affiliate of the Bank upon which he currently serves. He also agrees that by signing this Agreement, he will resign as Manager of both 1601 Washington Plaza LLC and 1051 Elden Street LLC.
RESIGNATION FROM BOARDS OF DIRECTORS. As part of Executive’s resignation of employment from Fushi, effective February 11, 2009, Executive shall resign his seats on the Boards of Directors for any entity affiliated with Fushi, including: Copperweld Bimetallics, LLC; and Copperweld Bimetallics UK Ltd. In order to effect such resignations for the relevant Boards of Directors, Executive shall timely submit written notices of such resignations in a format requested by the applicable entities.
RESIGNATION FROM BOARDS OF DIRECTORS. The Executive hereby resigns his position as a member of the Boards of Directors of FCBI, FCB, and the subsidiaries and affiliates of each, effective on the date of this Agreement.
