Common use of Employment Period; Remaining Unexpired Employment Period Clause in Contracts

Employment Period; Remaining Unexpired Employment Period. (a) The terms and conditions of this Agreement shall be and remain in effect during the period of employment established under this section 2 (“Employment Period”). The Employment Period shall be for an initial term of three (3) years beginning on the Effective Date and ending on the third anniversary date of this Agreement, plus such extensions, if any, as are provided pursuant to section 2(b). (b) The Board of Directors of the Company (the “Board”) shall conduct an annual review of the Executive’s performance on or about each anniversary of the Effective Date (each, an “Anniversary Date”) and may, on the basis of such review and by written notice to the Executive, offer to extend the Employment Period for an additional one (1)-year period. In such event, the Employment Period shall be deemed extended in the absence of objection from the Executive by written notice to the Company given within ten (10) business days after his receipt of the Company’s offer of extension. Except as otherwise expressly provided in this Agreement, any reference in this Agreement to the term “Remaining Unexpired Employment Period” as of any date shall mean the period beginning on such date and ending on the day of the third (3rd) anniversary of the last Anniversary Date as of which the Employment Period was extended pursuant to this section 2(b). (c) Nothing in this Agreement shall be deemed to prohibit the Company at any time from terminating the Executive’s employment during the Employment Period with or without notice for any reason; provided, however, that the relative rights and obligations of the Company and the Executive in the event of any such termination shall be determined under this Agreement.

Employment Period; Remaining Unexpired Employment Period. (a) The terms and conditions of this Agreement shall be and remain in effect during the period of employment established under this section 2 (“"Employment Period”"). The Employment Period shall be for an initial term of three (3) years beginning on the Effective Date and ending on the third anniversary date of this Agreement, plus such extensions, if any, as are provided pursuant to section 2(b). (b) The Board of Directors of the Company (the “"Board”") shall conduct an annual review of the Executive’s 's performance on or about each anniversary of the Effective Date (each, an “"Anniversary Date”") and may, on the basis of such review and by written notice to the Executive, offer to extend the Employment Period for an additional one (1)-year period. In such event, the Employment Period shall be deemed extended in the absence of objection from the Executive by written notice to the Company given within ten (10) business days after his receipt of the Company’s 's offer of extension. Except as otherwise expressly provided in this Agreement, any reference in this Agreement to the term “"Remaining Unexpired Employment Period” " as of any date shall mean the period beginning on such date and ending on the day of the third (3rd) anniversary of the last Anniversary Date as of which the Employment Period was extended pursuant to this section 2(b).<PAGE> (c) Nothing in this Agreement shall be deemed to prohibit the Company at any time from terminating the Executive’s 's employment during the Employment Period with or without notice for any reason; provided, however, that the relative rights and obligations of the Company and the Executive in the event of any such termination shall be determined under this Agreement.

Employment Period; Remaining Unexpired Employment Period. (a) The terms and conditions of this Agreement shall be and remain in effect during the period of employment established under this section 2 (“"Employment Period”"). The Employment Period shall be for an initial term of three (3) years beginning on the Effective Date and ending on the third anniversary date of this Agreement, plus such extensions, if any, as are provided pursuant to section 2(b). (b) The Board of Directors of the Company Bank (the “"Board”") shall conduct an annual review of the Executive’s 's performance on or about each anniversary of the Effective Date (each, an “"Anniversary Date”") and may, on the basis of such review and by written notice to the Executive, offer to extend the Employment Period for an additional one (1)-year period. In such event, the Employment Period shall be deemed extended in the absence of objection from the Executive by written notice to the Company Bank given within ten (10) business days after his receipt of the Company’s Bank's offer of extension. Except as otherwise expressly provided in this Agreement, any reference in this Agreement to the term “"Remaining Unexpired Employment Period” " as of any date shall mean the period beginning on such date and ending on the day of the third (3rd) anniversary of the last Anniversary Date as of which the Employment Period was extended pursuant to this section Section 2(b). (c) Nothing in this Agreement shall be deemed to prohibit the Company at any time from terminating the Executive’s employment during the Employment Period with or without notice for any reason; provided, however, that the relative rights and obligations of the Company and the Executive in the event of any such termination shall be determined under this Agreement.

Employment Period; Remaining Unexpired Employment Period. (a) The terms and conditions of this Agreement shall be and remain in effect during the period of employment established under this section Section 2 (“Employment Period”). The Employment Period shall be for an initial term of three (3) years beginning on the Effective Date and ending on the third anniversary date of this Agreement, plus such extensions, if any, as are provided pursuant to section Section 2(b). (b) The Board of Directors of the Company (the “Board”) shall conduct an annual review of the Executive’s 's performance on or about each anniversary of the Effective Date (each, an “Anniversary Date”) and may, on the basis of such review and by written notice to the Executive, offer to extend the Employment Period for an additional one (1)-year period. In such event, the Employment Period shall be deemed extended in the absence of objection from the Executive by written notice to the Company given within ten (10) business days after his receipt of the Company’s 's offer of extension. Except as otherwise expressly provided in this Agreement, any reference in this Agreement to the term “Remaining Unexpired Employment Period” as of any date shall mean the period beginning on such date and ending on the day of the third (3rd) anniversary of the last Anniversary Date as of which the Employment Period was extended pursuant to this section Section 2(b). (c) Nothing in this Agreement shall be deemed to prohibit the Company at any time from terminating the Executive’s 's employment during the Employment Period with or without notice for any reason; provided, however, that the relative rights and obligations of the Company and the Executive in the event of any such termination shall be determined under this Agreement.

Employment Period; Remaining Unexpired Employment Period. (a) The terms and conditions of this Agreement shall be and remain in effect during the period of employment established under this section Section 2 (“"Employment Period”"). The Employment Period shall be for an initial term of three (3) years beginning on the Effective Date and ending on the third anniversary date of this Agreement, plus such extensions, if any, as are provided pursuant to section Section 2(b). (b) The Board of Directors of the Company (the “"Board”") shall conduct an annual review of the Executive’s 's performance on or about each anniversary of the Effective Date (each, an “"Anniversary Date”") and may, on the basis of such review and by written notice to the Executive, offer to extend the Employment Period for an additional one (1)-year period. In such event, the Employment Period shall be deemed extended in the absence of objection from the Executive by written notice to the Company given within ten (10) business days after his her receipt of the Company’s 's offer of extension. Except as otherwise expressly provided in this Agreement, any reference in this Agreement to the term “"Remaining Unexpired Employment Period” " as of any date shall mean the period beginning on such date and ending on the day of the third (3rd) anniversary of the last Anniversary Date as of which the Employment Period was extended pursuant to this section Section 2(b). (c) Nothing in this Agreement shall be deemed to prohibit the Company at any time from terminating the Executive’s 's employment during the Employment Period with or without notice for any reason; provided, however, that the relative rights and obligations of the Company and the Executive in the event of any such termination shall be determined under this Agreement.

Employment Period; Remaining Unexpired Employment Period. (a) The terms and conditions of this Agreement shall be and remain in effect during the period of employment established under this section 2 (“"Employment Period”"). The Employment Period shall be for an initial term of three (3) years beginning on the Effective Date and ending on the third anniversary date of this Agreement, plus such extensions, if any, as are provided pursuant to section 2(b). (b) The Board of Directors of the Company Bank (the “"Board”") shall conduct an annual review of the Executive’s 's performance on or about each anniversary of the Effective Date (each, an “"Anniversary Date”") and may, on the basis of such review and by written notice to the Executive, offer to extend the Employment Period for an additional one (1)-year period. In such event, the Employment Period shall be deemed extended in the absence of objection from the Executive by written notice to the Company Bank given within ten (10) business days after his receipt of the Company’s Bank's offer of extension. Except as otherwise expressly provided in this Agreement, any reference in this Agreement to the term “"Remaining Unexpired Employment Period” " as of any date shall mean the period beginning on such date and ending on the day of the third (3rd) anniversary of the last Anniversary Date as of which the Employment Period was extended pursuant to this section Section 2(b). (c) Nothing in this Agreement shall be deemed to prohibit the Company at any time from terminating the Executive’s employment during the Employment Period with or without notice for any reason; provided, however, that the relative rights and obligations of the Company and the Executive in the event of any such termination shall be determined under this Agreement.

Employment Period; Remaining Unexpired Employment Period. (a) The terms and conditions of this Agreement shall be and remain in effect during the period of employment established under this section 2 (“Employment Period”). The Employment Period shall be for an initial term of three (3) years beginning on the Effective Date and ending on the third anniversary date of this Agreement, plus such extensions, if any, as are provided pursuant to section 2(b). (b) The Board of Directors of the Company Bank (the “Board”) shall conduct an annual review of the Executive’s 's performance on or about each anniversary of the Effective Date (each, an “Anniversary Date”) and may, on the basis of such review and by written notice to the Executive, offer to extend the Employment Period for an additional one (1)-year period. In such event, the Employment Period shall be deemed extended in the absence of objection from the Executive by written notice to the Company Bank given within ten (10) business days after his her receipt of the Company’s Bank's offer of extension. Except as otherwise expressly provided in this Agreement, any reference in this Agreement to the term “Remaining Unexpired Employment Period” as of any date shall mean the period beginning on such date and ending on the day of the third (3rd) anniversary of the last Anniversary Date as of which the Employment Period was extended pursuant to this section Section 2(b). (c) Nothing in this Agreement shall be deemed to prohibit the Company Bank at any time from terminating the Executive’s 's employment during the Employment Period with or without notice for any reason; provided, however, that the relative rights and obligations of the Company Bank and the Executive in the event of any such termination shall be determined under this Agreement.

Employment Period; Remaining Unexpired Employment Period. (a) The terms and conditions of this Agreement shall be and remain in effect during the period of employment established under this section 2 (“"Employment Period”"). The Employment Period shall be for an initial term of three (3) years beginning on the Effective Date date of this Agreement and ending on the third (3rd) anniversary date of this AgreementAgreement (each, an "Anniversary Date"), plus such extensions, if any, as are provided pursuant to section 2(b). (b) The Board of Directors of Prior to the Company (the “Board”) shall conduct an annual review of the Executive’s performance on or about each first anniversary of the Effective Date of this Agreement and prior to each anniversary date thereafter (each, an “"Anniversary Date”) "), the Board shall review the terms of this Agreement and Executive's performance of services hereunder and may, on in the basis absence of such review and by written notice to the objection from Executive, offer to extend approve an extension of the Employment Period for an additional one (1)-year periodPeriod. In such event, the Employment Period shall be deemed extended in the absence of objection from the Executive by written notice to the Company given within ten (10) business days after his receipt third anniversary of the Company’s offer relevant Anniversary Date. For all purposes of extension. Except as otherwise expressly provided in this Agreement, any reference in this Agreement to the term “"Remaining Unexpired Employment Period” " as of any date shall mean the period beginning on such date and ending on the day of the third (3rd) anniversary of the last Anniversary Date as of on which the Employment Period was (as extended pursuant to this section 2(b). (c) Nothing in this Agreement shall be deemed to prohibit the Company at any time from terminating the Executive’s employment during the Employment Period with or without notice for any reason; provided, however, that the relative rights and obligations of the Company and the Executive in the event of any such termination shall be determined under this Agreement) is then scheduled to expire.

Employment Period; Remaining Unexpired Employment Period. (a) The terms and conditions of this Agreement shall be and remain in effect during the period of employment established under this section 2 (“"Employment Period”"). The Employment Period shall be for an initial term of three (3) years beginning on the Effective Date and ending on the third anniversary date of this Agreement, plus such extensions, if any, as are provided pursuant to section 2(b). (b) The Board of Directors of the Company Bank (the “"Board”") shall conduct an annual review of the Executive’s 's performance on or about each anniversary of the Effective Date (each, an “"Anniversary Date”") and may, on the basis of such review and by written notice to the Executive, offer to extend the Employment Period for an additional one (1)-year period. In such event, the Employment Period shall be deemed extended in the absence of objection from the Executive by written notice to the Company Bank given within ten (10) business days after his receipt of the Company’s Bank's offer of extension. Except as otherwise expressly provided in this Agreement, any reference in this Agreement to the term “"Remaining Unexpired Employment Period” " as of any date shall mean the period beginning on such date and ending on the day of the third (3rd) anniversary of the last Anniversary Date as of which the Employment Period was extended pursuant to this section Section 2(b). (c) Nothing in this Agreement shall be deemed to prohibit the Company Bank at any time from terminating the Executive’s 's employment during the Employment Period with or without notice for any reason; provided, however, that the relative rights and obligations of the Company Bank and the Executive in the event of any such termination shall be determined under this Agreement.

Employment Period; Remaining Unexpired Employment Period. (a) The terms and conditions of this Agreement shall be and remain in effect during the period of employment established under this section 2 (“"Employment Period”"). The Employment Period shall be for an initial term of three (3) years beginning on the Effective Date (as defined in section 30 of this Agreement) and ending on the day before the third anniversary date of this Agreementthe Effective Date, plus such extensions, if any, as are provided by the Board of Directors of the Company ("Board") pursuant to section 2(b). (b) The Board Beginning on the Effective Date (as defined in section 30 of Directors of this Agreement), the Company Employment Period shall automatically be extended for one (1) additional day each day until ninety (90) days after the “Board”) shall conduct an annual review of the Executive’s performance on or about each second anniversary of the Effective Date (eachas defined in section 30 of this Agreement), unless either the Company or the Executive makes an “Anniversary Date”) and may, on earlier election not to extend the basis of such review and Agreement further by giving written notice to the Executive, offer to extend the Employment Period for an additional one (1)-year periodother party. In such event, the The Employment Period shall be deemed extended in end automatically and without further act on the absence part of objection from the Executive by or the Company on the earlier of (i) the third anniversary of the earliest date on which any such written notice to the Company is given within ten or (10ii) business ninety (90) days after his receipt the fifth anniversary of the Company’s offer Effective Date (as defined in section 30 of extensionthis Agreement). Except as otherwise expressly provided in For all purposes of this Agreement, any reference in this Agreement to the term “"Remaining Unexpired Employment Period” " as of any date shall mean the period beginning on such date and ending on the day on: (i) if a notice of non-extension has been given in accordance with this section 2(b), the third (3rd) anniversary of the last Anniversary date on which such notice is given; and (ii) in all other cases, (A) if the date of determination is before ninety (90) days after the second anniversary of the Effective Date (as defined in section 30 of this Agreement), the third anniversary of the date as of which the Remaining Unexpired Employment Period was extended is being determined and (B) if the date of determination is on or after ninety (90) days after the second anniversary of the Effective Date (as defined in section 30 of this Agreement), ninety (90) days after the fifth anniversary of the Effective Date (as defined in section 30 of this Agreement). Upon termination of the Executive's employment with the Company for any reason whatsoever, any daily extensions provided pursuant to this section 2(b), if not therefore discontinued, shall automatically cease. (c) Nothing in this Agreement shall be deemed to prohibit the Company at any time from terminating the Executive’s employment during the Employment Period with or without notice for any reason; provided, however, that the relative rights and obligations of the Company and the Executive in the event of any such termination shall be determined under this Agreement.

Employment Period; Remaining Unexpired Employment Period. (a) The terms and conditions of this Agreement shall be and remain in effect during the period of employment established under this section 2 (“Employment Period”). The Employment Period shall be for an initial term of three (3) years beginning on the Effective Date and ending on the third anniversary date of this Agreement, plus such extensions, if any, as are provided pursuant to section 2(b). (b) The Board of Directors of the Company Bank (the “Board”) shall conduct an annual review of the Executive’s performance on or about each anniversary of the Effective Date (each, an “Anniversary Date”) and may, on the basis of such review and by written notice to the Executive, offer to extend the Employment Period for an additional one (1)-year period. In such event, the Employment Period shall be deemed extended in the absence of objection from the Executive by written notice to the Company Bank given within ten (10) business days after his her receipt of the CompanyBank’s offer of extension. Except as otherwise expressly provided in this Agreement, any reference in this Agreement to the term “Remaining Unexpired Employment Period” as of any date shall mean the period beginning on such date and ending on the day of the third (3rd) anniversary of the last Anniversary Date as of which the Employment Period was extended pursuant to this section Section 2(b). (c) Nothing in this Agreement shall be deemed to prohibit the Company Bank at any time from terminating the Executive’s employment during the Employment Period with or without notice for any reason; provided, however, that the relative rights and obligations of the Company Bank and the Executive in the event of any such termination shall be determined under this Agreement.

Employment Period; Remaining Unexpired Employment Period. (a) The terms and conditions of this Agreement shall be and remain in effect during the period of employment established under this section 2 (“Employment Period”). The Employment Period shall be for an initial term of three (3) years beginning on the Effective Date and ending on the third anniversary date of this Agreement, plus such extensions, if any, as are provided pursuant to section 2(b). (b) The Board of Directors of the Company (the “Board”) shall conduct an annual review of the Executive’s performance on or about each anniversary of the Effective Date (each, an “Anniversary Date”) and may, on the basis of such review and by written notice to the Executive, offer to extend the Employment Period for an additional one (1)-year period. In such event, the Employment Period shall be deemed extended in the absence of objection from the Executive by written notice to the Company given within ten (10) business days after his her receipt of the Company’s offer of extension. Except as otherwise expressly provided in this Agreement, any reference in this Agreement to the term “Remaining Unexpired Employment Period” as of any date shall mean the period beginning on such date and ending on the day of the third (3rd) anniversary of the last Anniversary Date as of which the Employment Period was extended pursuant to this section 2(b). (c) Nothing in this Agreement shall be deemed to prohibit the Company at any time from terminating the Executive’s employment during the Employment Period with or without notice for any reason; provided, however, that the relative rights and obligations of the Company and the Executive in the event of any such termination shall be determined under this Agreement.

Employment Period; Remaining Unexpired Employment Period. (a) The terms and conditions of this Agreement shall be and remain in effect during the period of employment established under this section 2 (“"Employment Period”"). The Employment Period shall be for an initial term of three (3) years beginning on the Effective Date and ending on the third anniversary date of this Agreement, plus such extensions, if any, as are provided pursuant to section 2(b). (b) The Board of Directors of the Company (the “"Board”") shall conduct an annual review of the Executive’s 's performance on or about each anniversary of the Effective Date (each, an “"Anniversary Date”") and may, on the basis of such review and by written notice to the Executive, offer to extend the Employment Period for an additional one (1)-year period. In such event, the Employment Period shall be deemed extended in the absence of objection from the Executive by written notice to the Company given within ten (10) business days after his receipt of the Company’s 's offer of extension. Except as otherwise expressly provided in this Agreement, any reference in this Agreement to the term “"Remaining Unexpired Employment Period” " as of any date shall mean the period beginning on such date and ending on the day of the third (3rd) anniversary of the last Anniversary Date as of which the Employment Period was extended pursuant to this section 2(b). (c) Nothing in this Agreement shall be deemed to prohibit the Company at any time from terminating the Executive’s employment during the Employment Period with or without notice for any reason; provided, however, that the relative rights and obligations of the Company and the Executive in the event of any such termination shall be determined under this Agreement.