Resignation from Board of Directors. If the Executive is a director of the Post-Transaction Corporation or any of its Affiliates and his status as an officer and employee is terminated for any reason other than death, the Executive will, if requested by the Post-Transaction Corporation, immediately resign as a director of the Post-Transaction Corporation and its Affiliates. If such resignation is not received within 20 business days after the Executive actually receives written notice from the Post-Transaction Corporation requesting the resignation, the Executive will forfeit any right to receive any payments pursuant to this Agreement.
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.
Resignation from Board of Directors. If Employee is a director of the Company and his employment is terminated for any reason other than death, the Employee shall, if requested by the Company, immediately resign as a director of the Company. If such resignation is not received when so requested, the Employee shall forfeit any right to receive any payments pursuant to this Agreement.
Resignation from Board of Directors. In the event Executive’s employment as President and Chief Executive Officer of Bank is terminated for any reason or Executive otherwise becomes unaffiliated with Bank, Executive shall, and does hereby agree to, tender her written resignation from the Board of Directors of Bank effective on the date of termination, resignation or nonaffiliation.
Resignation from Board of Directors. Upon cessation of Executive’s employment by Employer, for any reason or reasons, Executive shall immediately resign from the Board of Directors of MPC and PHI, as applicable.
Resignation from Board of Directors. Consultant acknowledges and agrees that, effective upon execution of this Agreement, he resigns as a member of the Board.
Resignation from Board of Directors. Within forty-eight (48) hours of the termination of Employee’s employment with the Company and Parent, Employee shall submit to Parent a written resignation from the board of directors of all Consolidated Companies on which Employee is a director.
Resignation from Board of Directors. The Employee will resign from his/her directorship of the Company and each of its subsidiaries and affiliates (and all other directorships, offices, and trusteeships, held in connection with his/her employment) by signing, dating and returning a letter in the form attached to this Agreement at Schedule 1 to Axxxxxx Xxxxxxxxx, American International Group, Inc., 80 Xxxx Xxxxxx, Xxxxx 00, Xxx Xxxx, XX 00000 and undertakes to execute all further documents and do such further things as are necessary in order to give full effect to such resignations. The Employee acknowledges and agrees that the Severance benefit set forth in Section II and the Supplemental Health & Life Payment set forth in Section IV of this Agreement is contingent upon Employee executing and returning such resignation letter.
Resignation from Board of Directors. In the event that Executive is terminated pursuant to this Section 5 or upon termination of this Agreement, Executive agrees to tender his resignation as a member of the Board of Directors of the Company as of the date of such termination.
Resignation from Board of Directors. Xxxxxx hereby resigns any and all positions he has held in the Company’s board of directors as of the Separation Date.
