Common use of Employment; Extent of Service Clause in Contracts

Employment; Extent of Service. Executive is hereby employed on the Effective Date as the Chief Executive Officer and President of the Holding Company and the Bank. In his capacity as the Chief Executive Officer and President, Executive shall have the duties, responsibilities and authority commensurate with such positions and such other duties as may be assigned to him by the Board of Directors of the Holding Company (the “Holding Company Board”) and the Board of Directors of the Bank (the “Bank Board”). Executive shall serve as a member of the Holding Company Board and the Bank Board (subject to Executive’s nomination and election as a member of such boards for subsequent terms). In his capacity as the Chief Executive Officer and President, Executive will report directly to the Holding Company Board and the Bank Board.

Employment; Extent of Service. Executive is hereby employed on the Effective Date as the Chief Executive Officer and President of the Holding Company and the BankPMB. In his capacity as the Chief Executive Officer and President, Executive shall have the duties, responsibilities and authority commensurate with such positions and such other duties as may be assigned to him by the Board of Directors of the Holding Company (the “Holding Company Board”) and the Board of Directors of the Bank (the “Bank Board”). Executive shall serve as a member of the Holding Company Board and the Bank Board (subject to Executive’s nomination and election as a member of such boards for subsequent terms). In his capacity as the Chief Executive Officer and President, Executive will report directly to the Holding Company Board and the Bank Board.