Common use of Resignation from the Board Clause in Contracts

Resignation from the Board. If Executive is a member of the Board and Executive’s employment is terminated by the Bank or by Executive pursuant to Section 6, Executive shall immediately resign from Executive’s position on the Board, effective no later than the effective date of Executive’s termination of employment.

Appears in 4 contracts

Samples: Employment Agreement (TC Bancshares, Inc.), Employment Agreement (TC Bancshares, Inc.), Employment Agreement (TC Bancshares, Inc.)

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Resignation from the Board. If Upon Executive's termination of employment as Executive is a member Chairman for any reason, whether at the end of the Term of Employment or otherwise, Executive shall be deemed to have resigned from the Board and Executive’s employment is terminated by to have resigned from the Bank board of directors or by similar governing body, and as an officer or employee, of any of the Company's subsidiaries and affiliates where Executive pursuant held such positions, and to Section 6, Executive shall immediately resign from Executive’s position on the Board, effective no later than the effective date of Executive’s termination of employmenthave executed any documents necessary to effect such resignation.

Appears in 1 contract

Samples: Transition Agreement (Peabody Energy Corp)

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Resignation from the Board. If Executive is a member of the Board and Executive’s employment is terminated by the Bank or by Executive pursuant to Section 6, Executive shall immediately resign from Executive’s position on the Board, effective no later than the effective date of Executive’s termination of employment.immediately

Appears in 1 contract

Samples: Employment Agreement (TC Bancshares, Inc.)

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