Revocation of Authority. Executive agrees and acknowledges that as of the Termination Date Executive shall no longer be empowered to bind SUB in any agreement, whether verbal or written, and that Executive shall have no authority to execute any documents, deeds, leases, or other contracts on behalf of SUB. To the extent not effected by termination of Executive under the Contracts, Executive resigns from all offices and positions with SUB.
Appears in 6 contracts
Samples: Agreement and Plan of Merger (Summit Bancorp/Nj/), Termination Agreement (Summit Bancorp/Nj/), Termination Agreement (Summit Bancorp/Nj/)
