Common use of Service on the Board of Directors Clause in Contracts

Service on the Board of Directors. The Executive serves as a member of the board of directors of the Bank. The board of directors of the Bank shall undertake every lawful effort to ensure that the Executive continues throughout the term of this Agreement to be elected as a director of the Bank, provided the Executive remains fit to serve as a director. Notwithstanding anything in this Agreement to the contrary, unless otherwise agreed to by the parties, the Executive agrees that he shall resign as a director of the Bank effective immediately after termination of the Executive’s employment under Article 3 of this Agreement. With respect to the preceding sentence, the Executive agrees that his resignation as a director will be effective as of the date his employment with the Bank terminates, regardless of whether the Executive submits a formal, written resignation as director.

Service on the Board of Directors. The Executive serves as a member of the board of directors of the BankBoard. The board of directors of the Bank Board shall undertake every lawful effort to ensure that the Executive continues throughout the term of this Agreement to be elected as a director of the BankCompany, provided the Executive remains fit to serve as a director. Notwithstanding anything in this Agreement to the contrary, unless otherwise agreed to by the parties, the Executive agrees that he shall resign as a director of the Bank Company effective immediately after termination of the Executive’s employment under Article 3 of this Agreement. With respect to the preceding sentence, the Executive agrees that his resignation as a director will be effective as of the date his employment with the Bank Company terminates, regardless of whether the Executive submits a formal, written resignation as director.

Service on the Board of Directors. The Executive serves as a member of the board of directors of the BankBoard. The board of directors of the Bank Board shall undertake every lawful effort to ensure that the Executive continues throughout the term of this Agreement to be elected as a director of the BankCompany, provided the Executive remains fit to serve as a director. Notwithstanding anything in this Agreement to the contrary, unless otherwise agreed to by the parties, the Executive agrees that he she shall resign as a director of the Bank Company effective immediately after termination of the Executive’s employment under Article 3 of this Agreement. With respect to the preceding sentence, the Executive agrees that his her resignation as a director will be effective as of the date his her employment with the Bank Company terminates, regardless of whether the Executive submits a formal, written resignation as director.

Service on the Board of Directors. The Executive serves as a member of the board of directors of the Bank. The board of directors of the Bank shall undertake every lawful effort to ensure that the Executive continues throughout the term of this Agreement to be elected as a director of the Bank, provided the Executive remains fit to serve as a director. Notwithstanding anything in this Agreement to the contrary, unless otherwise agreed to by the parties, the Executive agrees that he [he/she] shall resign as a director of the Bank effective immediately after termination of the Executive’s employment under Article 3 of this Agreement. With respect to the preceding sentence, the Executive agrees that his [her/his] resignation as a director will be effective as of the date his [her/his] employment with the Bank terminates, regardless of whether the Executive submits a formal, written resignation as director.

Service on the Board of Directors. The Executive serves as a member of the board of directors of the BankCompany. The board of directors of the Bank Company shall undertake every lawful effort to ensure that the Executive continues throughout the term of this Agreement to be elected as a director of the Bank, provided the Executive remains fit to serve as a director. Notwithstanding anything in this Agreement to the contrary, unless otherwise agreed to by the parties, the Executive agrees that he [he/she] shall resign as a director of the Bank Company effective immediately after termination of the Executive’s employment under Article 3 of this Agreement. With respect to the preceding sentence, the Executive agrees that his [his/her] resignation as a director will be effective as of the date his [his/her] employment with the Bank Company terminates, regardless of whether the Executive submits a formal, written resignation as director.

Service on the Board of Directors. The Executive serves as a member of the board of directors of the BankBoard. The board of directors of the Bank Board shall undertake every lawful effort to ensure that the Executive continues throughout the term of this Agreement to be elected as a director of the Bank, provided the Executive remains fit to serve as a director. Notwithstanding anything in this Agreement to the contrary, unless otherwise agreed to by the parties, the Executive agrees that he she shall resign as a director of the Bank effective immediately after termination of the Executive’s employment under Article 3 of this Agreement. With respect to the preceding sentence, the Executive agrees that his her resignation as a director will be effective as of the date his her employment with the Bank terminates, regardless of whether the Executive submits a formal, written resignation as director.

Service on the Board of Directors. The Executive serves as a member of the board of directors of the BankBoard. The board of directors of the Bank Board shall undertake every lawful effort to ensure that the Executive continues throughout the term of this Agreement to be elected as a director of the Bank, provided the Executive remains fit to serve as a director. Notwithstanding anything in this Agreement to the contrary, unless otherwise agreed to by the parties, the Executive agrees that he shall resign as a director of the Bank effective immediately after termination of the Executive’s employment under Article 3 of this Agreement. With respect to the preceding sentence, the Executive agrees that his resignation as a director will be effective as of the date his employment with the Bank terminates, regardless of whether the Executive submits a formal, written resignation as director.