Resignation of All Other Positions. Upon termination of Employee's employment hereunder, for any reason, Employee shall be deemed to have resigned from all positions that Employee holds as an officer or member of the Board of Directors of the Company or any of its subsidiaries or affiliates.
Appears in 3 contracts
Samples: Employment Agreement (First Bancorp /Nc/), Employment Agreement (First Bancorp /Nc/), Employment Agreement (First Bancorp /Nc/)
Resignation of All Other Positions. Upon termination of Employee's ’s employment hereunder, for any reason, Employee shall be deemed to have resigned from all positions that Employee holds as an officer or member of the Board of Directors of the Company or any of its subsidiaries or affiliates.
Appears in 1 contract
