Common use of Resignation from Positions Clause in Contracts

Resignation from Positions. Upon termination of Executive’s employment for any reason, Executive shall promptly (i) resign from all positions (including, without limitation, any management, officer or director position) with Sterling and its affiliates and (ii) relinquish any power of attorney, signing authority, trust authorization or bank account signatory authorization that Executive may hold on behalf of Sterling or its affiliates. Executive’s execution of this Agreement shall be deemed the grant by Executive to the officers of the Company and the Bank of a limited power of attorney to sign in Executive’s name and on Executive’s behalf such documentation as may be necessary or appropriate for the limited purposes of effectuating such resignations and relinquishments.

Appears in 14 contracts

Samples: Employment Agreement (Sterling Bancorp), Release Agreement (Sterling Bancorp), Release Agreement (Sterling Bancorp)

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Resignation from Positions. Upon termination of Executive’s employment for any reason, Executive shall promptly (i) resign from all positions (including, without limitation, any management, officer officer, or director position) with Sterling and its affiliates Provident and (ii) relinquish any power of attorney, signing authority, trust authorization authorization, or bank account signatory authorization that Executive may hold on behalf of Sterling or its affiliatesProvident. Executive’s execution of this Agreement shall be deemed the grant by Executive to the officers of the Company and the Bank of a limited power of attorney to sign in Executive’s name and on Executive’s behalf such documentation as may be necessary or appropriate for the limited purposes of effectuating such resignations and relinquishments.

Appears in 4 contracts

Samples: Employment Agreement (Provident New York Bancorp), Employment Agreement (Provident New York Bancorp), Employment Agreement (Provident New York Bancorp)

Resignation from Positions. Upon termination of Executive’s 's employment for any reason, Executive shall promptly (i) resign from all positions (including, without limitation, any management, officer or director position) with Sterling and its affiliates and (ii) relinquish any power of attorney, signing authority, trust authorization or bank account signatory authorization that Executive may hold on behalf of Sterling or its affiliates. Executive’s 's execution of this Agreement shall be deemed the grant by Executive to the officers of the Company and the Bank of a limited power of attorney to sign in Executive’s 's name and on Executive’s 's behalf such documentation as may be necessary or appropriate for the limited purposes of effectuating such resignations and relinquishments.

Appears in 4 contracts

Samples: Release Agreement (Sterling Bancorp), Release Agreement (Sterling Bancorp), Release Agreement (Sterling Bancorp)

Resignation from Positions. Upon termination of Executive’s employment for any reason, Executive shall promptly (i) resign from all positions (including, without limitation, any management, officer or director position) with Sterling the Company and its affiliates and (ii) relinquish any power of attorney, signing authority, trust authorization or bank Company account signatory authorization that Executive may hold on behalf of Sterling the Company or its affiliates. Executive’s execution of this Agreement shall be deemed the grant by Executive to the officers of the Company and the Bank Company of a limited power of attorney to sign in Executive’s name and on Executive’s behalf such documentation as may be necessary or appropriate for the limited purposes of effectuating such resignations and relinquishments.

Appears in 3 contracts

Samples: Employment Agreement (Insys Therapeutics, Inc.), Employment Agreement (Insys Therapeutics, Inc.), Employment Agreement (Insys Therapeutics, Inc.)

Resignation from Positions. Upon termination of Executive’s employment for any reason, Executive shall promptly (i) resign from all positions (including, without limitation, any management, officer officer, or director position) with Sterling the Company and its affiliates Affiliates and (ii) relinquish any power of attorney, signing authority, trust authorization authorization, or bank Company account signatory authorization that Executive may hold on behalf of Sterling the Company or its affiliatesAffiliates. Executive’s execution of this Agreement shall be deemed the grant by Executive to the officers of the Company and the Bank Company of a limited power of attorney to sign in Executive’s name and on Executive’s behalf such documentation as may be necessary or appropriate for the limited purposes of effectuating such resignations and relinquishments.

Appears in 3 contracts

Samples: Employment Agreement (Ampio Pharmaceuticals, Inc.), Employment Agreement (Ampio Pharmaceuticals, Inc.), Employment Agreement (Ampio Pharmaceuticals, Inc.)

Resignation from Positions. Upon termination of Executive’s 's employment for any reason, Executive shall promptly (i) resign from all positions (including, without limitation, any management, officer officer, or director position) with Sterling and its affiliates Provident and (ii) relinquish any power of attorney, signing authority, trust authorization authorization, or bank account signatory authorization that Executive may hold on behalf of Sterling or its affiliatesProvident. Executive’s 's execution of this Agreement shall be deemed the grant by Executive to the officers of the Company and the Bank of a limited power of attorney to sign in Executive’s 's name and on Executive’s 's behalf such documentation as may be necessary or appropriate for the limited purposes of effectuating such resignations and relinquishments.

Appears in 3 contracts

Samples: Employment Agreement (Provident New York Bancorp), Employment Agreement (Provident New York Bancorp), Employment Agreement (Provident New York Bancorp)

Resignation from Positions. Upon termination of Executive’s employment for any reason, Executive shall promptly (i) resign from all positions (including, without limitation, any management, officer or director position) with Sterling Provident and its affiliates and (ii) relinquish any power of attorney, signing authority, trust authorization or bank account signatory authorization that Executive may hold on behalf of Sterling Provident or its affiliates. Executive’s execution of this Agreement shall be deemed the grant by Executive to the officers of the Company and the Bank of a limited power of attorney to sign in Executive’s name and on Executive’s behalf such documentation as may be necessary or appropriate for the limited purposes of effectuating such resignations and relinquishments.

Appears in 1 contract

Samples: Employment Agreement (Sterling Bancorp)

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Resignation from Positions. Upon termination of Executive’s employment for any reason, Executive shall promptly (i) resign from all positions (including, without limitation, any management, officer officer, or director position) with Sterling New Peoples and its affiliates and (ii) relinquish any power of attorney, signing authority, trust authorization authorization, or bank account signatory authorization that Executive may hold on behalf of Sterling or New Peoples and its affiliates. Executive’s execution of this Agreement shall be deemed the grant by Executive to the officers of the Company and the Bank of a limited power of attorney to sign in Executive’s name and on Executive’s behalf such documentation as may be necessary or appropriate for the limited purposes of effectuating such resignations and relinquishments.

Appears in 1 contract

Samples: Employment Agreement (New Peoples Bankshares Inc)

Resignation from Positions. Upon termination of Executive’s employment for any reason, Executive shall promptly (i) resign from all positions (including, without limitation, any management, officer officer, or director position) with Sterling and its affiliates and (ii) relinquish any power of attorney, signing authority, trust authorization authorization, or bank account signatory authorization that Executive may hold on behalf of Sterling or and its affiliates. Executive’s execution of this Agreement shall be deemed the grant by Executive to the officers of the Company and the Bank of a limited power of attorney to sign in Executive’s name and on Executive’s behalf such documentation as may be necessary or appropriate for the limited purposes of effectuating such resignations and relinquishments.

Appears in 1 contract

Samples: Release Agreement (Sterling Bancorp)

Resignation from Positions. Upon termination of Executive’s 's employment for any reason, Executive shall promptly (i) resign from all positions (including, without limitation, any management, officer officer, or director position) with Sterling and its affiliates and (ii) relinquish any power of attorney, signing authority, trust authorization authorization, or bank account signatory authorization that Executive may hold on behalf of Sterling or and its affiliates. Executive’s 's execution of this Agreement shall be deemed the grant by Executive to the officers of the Company and the Bank of a limited power of attorney to sign in Executive’s 's name and on Executive’s 's behalf such documentation as may be necessary or appropriate for the limited purposes of effectuating such resignations and relinquishments.

Appears in 1 contract

Samples: Employment Agreement (Sterling Bancorp)

Resignation from Positions. Upon termination of Executive’s 's employment for any reason, Executive shall promptly (i) resign from all positions (including, without limitation, any management, officer or director position) with Sterling Provident and its affiliates and (ii) relinquish any power of attorney, signing authority, trust authorization or bank account signatory authorization that Executive may hold on behalf of Sterling Provident or its affiliates. Executive’s 's execution of this Agreement shall be deemed the grant by Executive to the officers of the Company and the Bank of a limited power of attorney to sign in Executive’s 's name and on Executive’s 's behalf such documentation as may be necessary or appropriate for the limited purposes of effectuating such resignations and relinquishments.

Appears in 1 contract

Samples: Employment Agreement (Sterling Bancorp)

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