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 years beginning on the date of this Agreement and ending on the third anniversary date of this Agreement (each, an "Anniversary Date"), plus such extensions, if any, as are provided pursuant to section 2(b). (b) Except as provided in section 2(c) and subject to section 11(b), beginning on the date of this Agreement, the Employment Period shall automatically be extended for one additional day each day, unless either the Company or the Executive elects not to extend the

Appears in 3 contracts

Samples: Employment Agreement (Warwick Community Bancorp Inc), Employment Agreement (Warwick Community Bancorp Inc), Employment Agreement (Warwick Community Bancorp Inc)

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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 years beginning on the date of this Agreement Effective Date and ending on the third anniversary date of this Agreement (each, an "Anniversary Date"), plus such extensions, if any, as are provided pursuant to section 2(b). (b) Except as provided in section 2(c) and subject to section 11(b), beginning on the date of this AgreementEffective Date, the Employment Period shall automatically be extended for one additional day each day, unless either the Company or the Executive elects not to extend thethe Agreement further by giving written notice thereof to the other party, in which case the Employment Period shall end on

Appears in 1 contract

Samples: Employment Agreement (Rome Bancorp Inc)

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 years beginning on the date of this Agreement and ending on the third anniversary date of this Agreement (each, an "Anniversary Date"), plus such extensions, if any, as are provided pursuant to section 2(b). (b) Except as provided in section 2(c) and subject to section 11(b), beginning on the date of this Agreement, the Employment Period shall automatically be extended for one additional day each day, unless either the Company or the Executive elects not to extend thethe Agreement further by giving written notice

Appears in 1 contract

Samples: Employment Agreement (Cohoes Bancorp Inc)

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 years beginning on the date of this Agreement and ending on the third anniversary date of this Agreement (each, an "Anniversary Date")Agreement, plus such extensions, if any, as are provided pursuant to section Sections 2(b) and (c). (b) Except as provided in section Section 2(c) and subject to section 11(b), beginning on the day immediately following the date of this Agreement, the Employment Period shall automatically be extended for one (1) additional day each day, unless either the Holding Company or the Executive elects not to extend thenot

Appears in 1 contract

Samples: Employment Agreement (Carver Bancorp Inc)

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 two years beginning on the date of this Agreement and ending on the third second anniversary date of this Agreement (each, an "Anniversary Date"), plus such extensions, if any, as are provided pursuant to section 2(b). (b) Except as provided in section 2(c) and subject to section 11(b), beginning on the date of this Agreement, the Employment Period shall automatically be extended for one additional day each day, unless either the Company Bank or the Executive elects not to extend thethe Agreement further by giving written notice thereof

Appears in 1 contract

Samples: Employment Agreement (Cohoes Bancorp Inc)

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 two years beginning on the date of this Agreement and ending on the third second anniversary date of this Agreement (each, an "Anniversary Date")Agreement, plus such extensions, if any, as are provided pursuant to section 2(b). (b) Except as provided in section 2(c) and subject to section 11(b), beginning Beginning on the date of this Agreement, the Employment Period shall automatically be extended for one (1) additional day each day, unless either the Company and the Bank, acting jointly, or the Executive Executive, elects not to extend the Agreement further by giving written notice to the other parties, in which case the

Appears in 1 contract

Samples: Employment Agreement (Republic Security Financial Corp)

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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 years beginning on the date of this Agreement and ending on the third anniversary date of this Agreement (each, an "Anniversary Date")Agreement, plus such extensions, if any, as are provided pursuant to section 2(b). (b) Except as provided in section 2(c) and subject to section 11(b), beginning Beginning on the date of this Agreement, the Employment Period shall automatically be extended for one (1) additional day each day, unless either the Company or the Executive elects not to extend the

Appears in 1 contract

Samples: Employment Agreement (Republic Security Financial Corp)

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 years beginning on the date of this Agreement and ending on the third anniversary date of this Agreement (each, an "Anniversary Date"), plus such extensions, if any, as are provided pursuant to section 2(b). (b) Except as provided in section 2(c) and subject to section 11(b), beginning on the date of this Agreement, the Employment Period shall automatically be extended for one additional day each day, unless either the Company or the Executive elects not to extend theone

Appears in 1 contract

Samples: Employment Agreement (Warwick Community Bancorp Inc)

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 years beginning on the date of this Agreement and ending on the third anniversary date of this Agreement (each, an "Anniversary Date"), plus such extensions, if any, as are provided pursuant to section 2(b). (b) Except as provided in section 2(c) and subject to section 11(b), beginning on the date of this Agreement, the Employment Period shall automatically be extended for one additional day each day, unless either the Company or the Executive elects not to extend theeither

Appears in 1 contract

Samples: Employment Agreement (Cohoes Bancorp Inc)

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