Consulting Term and Services. The Company hereby engages Consultant as an independent contractor, and not as an employee, to render consulting services to the Company.
Consulting Term and Services. (a) Provided that Executive before the Retirement Date has not terminated his employment with the Company or been terminated by the Company for “Cause” within the meaning of the Employment Agreement, then subject to Executive executing the Release on or within twenty-one (21) days following the Retirement Date and not revoking it before it has become irrevocable in accordance with its terms, the Company hereby retains Executive, from the “Effective Date” of the Release (within the meaning of Section 3(c) thereof) through January 28, 2017 (the "Consulting Term"), to provide consulting services intended to ensure a smooth transition of responsibility to the Successor CEO and support to such individual and other senior Company management (the “Services”), which Executive acknowledges may require travel to Columbus, Ohio, New York City and Canada among other places. During the Consulting Term, Executive shall report directly to the Successor CEO, who shall determine and communicate to Executive the nature of the Services required of Executive from time to time. During the Consulting Term, Executive shall make himself available to perform the Services at such times during business hours as may be reasonably requested by the Successor CEO, but not in excess of twenty (20) hours per month. The Parties acknowledge that Executive may engage in other business activities during the Consulting Term, provided that such activities do not violate the restrictive covenants applicable to Executive under Section 4.00 of the Employment Agreement or otherwise prevent Executive from performing the Services.
Consulting Term and Services. (a) Subject to the provisions of Section 3(c) hereof, the parties hereto agree that, during the period immediately following the Effective Time of the Merger through and including the later of (i) eighteen (18) months, or (ii) the Conversion Period plus one month (either of which period shall constitute the “Consulting Period”), the Consultant undertakes to provide his personal advice and counsel to ACNB Bank and its subsidiaries and affiliates in connection with the business of the Bank and its subsidiaries and affiliates, including, but not limited to: (i) assisting in the integration of FC Bank’s books, systems and operations with those of ACNB Bank following the Merger, (ii) assisting in the transition of all of the employees and customers of FC Bank to ACNB Bank’s operations following the Merger, (iii) providing assistance with loan workout issues, (iv) providing introductions to customers, (v) providing cultural support and enhancing customer relationships and business opportunities, and (vi) performing such other services for ACNB Bank as may be from time to time assigned to him by the President and Chief Executive Officer of ACNB Bank or his designee (collectively the “Consulting Services”), subject to the terms and conditions which are set forth herein. The parties estimate that the Consulting Services will average approximately 160 hours per month during the Consulting Period. During the Consu1ting Period, the Consultant shall use his reasonable best efforts to promote the interests of ACNB Bank and its subsidiaries and affiliates. Such Consulting Services may be provided in person, telephonically, electronically or by correspondence as ACNB Bank and the Consultant may agree. The Consultant shall be available for meetings at such places as designated by ACNB Bank at such times as shall be reasonable and appropriate.
Consulting Term and Services
