Common use of Employment, Term, and Acceptance Clause in Contracts

Employment, Term, and Acceptance. The Company agrees to employ the Employee as its Chairman of the Board of Directors and Chief Executive Officer, and the Bank agrees to employ the Employee as its Chairman of the Board, for the period from December 31, 1999 through the Termination Date (the "Employment Period"), unless such employment is terminated earlier pursuant to Section 7 or 8 of this Agreement. The initial Termination Date is December 31, 2002. Effective as of December 31, 2000, and as of each December 31 after December 31, 2000, the Termination Date will automatically extend to the next succeeding December 31 after the then existing Termination Date unless prior to a December 31 automatic extension, the Employee, the Company, or the Bank gives notice to each of the others that the Termination Date shall not be automatically extended on such December 31; in which case the Termination Date will not be extended. Accordingly, unless the Employee, the Company or the Bank gives notice that the Termination Date will not be extended, there will, as of each December 31, be an Employment Period of three years remaining. The Employee hereby accepts such employment.

Employment, Term, and Acceptance. The Company agrees to employ the Employee as its Chairman of the Board of Directors Senior Vice President and Chief Executive OfficerSecretary, and the Bank agrees to employ the Employee as its Chairman of the BoardSenior Vice President, Chief Operating Officer and Chief Loan Review Officer for the period from December 31January 1, 1999 2001 through the Termination Date (the "Employment Period"), unless such employment is terminated earlier pursuant to Section 7 or 8 of this Agreement. The initial Termination Date is December 31, 20022003. Effective as of December 31, 20002001, and as of each December 31 after December 31, 20002001, the Termination Date will automatically extend to the next succeeding December 31 after the then existing Termination Date unless prior to a December 31 automatic extension, the Employee, the Company, or the Bank gives notice to each of the others that the Termination Date shall not be automatically extended on such December 31; in which case the Termination Date will not be extended. Accordingly, unless the Employee, the Company or the Bank gives notice that the Termination Date will not be extended, there will, as of each December 31, be an Employment Period of three years remaining. The Employee hereby accepts such employment.

Employment, Term, and Acceptance. The Company agrees to employ the Employee as its Chairman of the Board of Directors Senior Vice President, Chief Operating Officer, General Counsel and Chief Executive OfficerSecretary, and the Bank agrees to employ the Employee as its Chairman of the BoardSenior Vice President, Chief Operating Officer, General Counsel and Secretary for the period from December 31January 1, 1999 2019 through the Termination Date (the "Employment Period"), unless such employment is terminated earlier pursuant to Section 7 or 8 of this Agreement. The initial Termination Date is December 31, 20022021. Effective as of December 31, 20002019, and as of each December 31 after December 31, 20002019, the Termination Date will automatically extend to the next succeeding December 31 after the then existing Termination Date unless prior to a December 31 automatic extension, the Employee, the Company, or the Bank gives notice to each of the others that the Termination Date shall not be automatically extended on such December 31; in which case the Termination Date will not be extended. Accordingly, unless the Employee, the Company or the Bank gives notice that the Termination Date will not be extended, there will, as of each December 31, be an Employment Period of three years remaining. The Employee hereby accepts such employment.

Employment, Term, and Acceptance. The Company agrees to employ the Employee as its Chairman of the Board of Directors Executive Vice President, Chief Financial Officer and Chief Executive OfficerTreasurer, and the Bank agrees to employ the Employee as its Chairman of the BoardExecutive Vice President and Chief Financial Officer, for the period from December 31January 1, 1999 2019 through the Termination Date (the "Employment Period"), unless such employment is terminated earlier pursuant to Section 7 or 8 of this Agreement. The initial Termination Date is December 31, 20022021. Effective as of December 31, 20002019, and as of each December 31 after December 31, 20002019, the Termination Date will automatically extend to the next succeeding December 31 after the then existing Termination Date unless prior to a December 31 automatic extension, the Employee, the Company, or the Bank gives notice to each of the others that the Termination Date shall not be automatically extended on such December 31; in which case the Termination Date will not be extended. Accordingly, unless the Employee, the Company or the Bank gives notice that the Termination Date will not be extended, there will, as of each December 31, be an Employment Period of three years remaining. The Employee hereby accepts such employment.

Employment, Term, and Acceptance. The Company agrees to employ the Employee as its Chairman of the Board of Directors Senior Vice President, Chief Operating Officer, General Counsel and Chief Executive OfficerSecretary, and the Bank agrees to employ the Employee as its Chairman of the BoardSenior Vice President, Chief Operating Officer, General Counsel and Secretary, for the period from December 31January 1, 1999 2017 through the Termination Date (the "Employment Period"), unless such employment is terminated earlier pursuant to Section 7 9 or 8 10 of this Agreement. The initial Termination Date is December 31, 20022018. Effective as of December 31, 20002017, and as of each December 31 after December 31, 20002017, the Termination Date will automatically extend to the next succeeding December 31 after the then existing Termination Date unless at least thirty (30) days' prior to a an December 31 automatic extension, the Employee, the Company, Company or the Bank gives notice to each of the others that the Termination Date shall not be automatically extended on such December 31; in which case the Termination Date will not be extended. Accordingly, unless the Employee, the Company or the Bank gives notice that the Termination Date will not be extended, there will, as of each December 31, be an Employment Period of three two years remaining. The Employee hereby accepts such employment.

Employment, Term, and Acceptance. The Company agrees to employ the Employee as its Chairman of the Board of Directors and Chief Executive Officer, and the Bank agrees to employ the Employee as its Chairman of the BoardExecutive Vice President, Chief Operating Officer, for the period from December 31January 1, 1999 2024 through the Termination Date (the "Employment Period"), unless such employment is terminated earlier pursuant to Section 7 or 8 of this Agreement. The initial Termination Date is December 31, 20022026. Effective as of December 31, 20002024, and as of each December 31 after December 31, 20002024, the Termination Date will automatically extend to the next succeeding December 31 after the then existing Termination Date unless prior to a December 31 automatic extension, the Employee, the Company, Company or the Bank gives notice to each of the others that the Termination Date shall not be automatically extended on such December 31; in which case the Termination Date will not be extended. Accordingly, unless the Employee, the Company or the Bank gives notice that the Termination Date will not be extended, there will, as of each December 31, be an Employment Period of three years remaining. The Employee hereby accepts such employment.

Employment, Term, and Acceptance. The Company agrees to employ the Employee as its Chairman of the Board of Directors Senior Vice President, Chief Financial Officer and Chief Executive OfficerTreasurer, and the Bank agrees to employ the Employee as its Chairman of the BoardSenior Vice President and Chief Financial Officer, for the period from December 31January 1, 1999 2001 through the Termination Date (the "Employment Period"), unless such employment is terminated earlier pursuant to Section 7 or 8 of this Agreement. The initial Termination Date is December 31, 20022003. Effective as of December 31, 20002001, and as of each December 31 after December 31, 20002001, the Termination Date will automatically extend to the next succeeding December 31 after the then existing Termination Date unless prior to a December 31 automatic extension, the Employee, the Company, or the Bank gives notice to each of the others that the Termination Date shall not be automatically extended on such December 31; in which case the Termination Date will not be extended. Accordingly, unless the Employee, the Company or the Bank gives notice that the Termination Date will not be extended, there will, as of each December 31, be an Employment Period of three years remaining. The Employee hereby accepts such employment.

Employment, Term, and Acceptance. The Company agrees to employ the Employee as its Chairman of the Board of Directors and Chief Executive OfficerSenior Vice President, Human Resources Director and the Bank agrees to employ the Employee as its Chairman of the BoardSenior Vice President, Human Resource Director, for the period from December 31January 1, 1999 2023 through the Termination Date (the "Employment Period"), unless such employment is terminated earlier pursuant to Section 7 or 8 of this Agreement. The initial Termination Date is December 31, 20022025. Effective as of December 31, 20002023, and as of each December 31 after December 31, 20002023, the Termination Date will automatically extend to the next succeeding December 31 after the then existing Termination Date unless prior to a December 31 automatic extension, the Employee, the Company, Company or the Bank gives notice to each of the others that the Termination Date shall not be automatically extended on such December 31; in which case the Termination Date will not be extended. Accordingly, unless the Employee, the Company or the Bank gives notice that the Termination Date will not be extended, there will, as of each December 31, be an Employment Period of three years remaining. The Employee hereby accepts such employment.

Employment, Term, and Acceptance. The Company agrees to employ the Employee as its Chairman of the Board of Directors Executive Vice President, Chief Operating Officer and Chief Executive OfficerSecretary, and the Bank agrees to employ the Employee as its Chairman of the BoardPresident, Chief Operating Officer and Secretary for the period from December 31January 1, 1999 2015 through the Termination Date (the "Employment Period"), unless such employment is terminated earlier pursuant to Section 7 or 8 of this Agreement. The initial Termination Date is December 31, 20022017. Effective as of December 31, 20002015, and as of each December 31 after December 31, 20002015, the Termination Date will automatically extend to the next succeeding December 31 after the then existing Termination Date unless prior to a December 31 automatic extension, the Employee, the Company, or the Bank gives notice to each of the others that the Termination Date shall not be automatically extended on such December 31; in which case the Termination Date will not be extended. Accordingly, unless the Employee, the Company or the Bank gives notice that the Termination Date will not be extended, there will, as of each December 31, be an Employment Period of three years remaining. The Employee hereby accepts such employment.

Employment, Term, and Acceptance. The Company agrees to employ the Employee as its Chairman of the Board of Directors President and Chief Executive Officer, and the Bank agrees to employ the Employee as its Chairman of the Board, Chief Executive Officer for the period from December 31January 1, 1999 2019 through the Termination Date (the "Employment Period"), unless such employment is terminated earlier pursuant to Section 7 or 8 of this Agreement. The initial Termination Date is December 31, 20022021. Effective as of December 31, 20002019, and as of each December 31 after December 31, 20002019, the Termination Date will automatically extend to the next succeeding December 31 after the then existing Termination Date unless prior to a December 31 automatic extension, the Employee, the Company, or the Bank gives notice to each of the others that the Termination Date shall not be automatically extended on such December 31; in which case the Termination Date will not be extended. Accordingly, unless the Employee, the Company or the Bank gives notice that the Termination Date will not be extended, there will, as of each December 31, be an Employment Period of three years remaining. The Employee hereby accepts such employment.

Employment, Term, and Acceptance. The Company agrees to employ the Employee as its Chairman of the Board of Directors Senior Vice President, Chief Financial Officer and Chief Executive OfficerTreasurer, and the Bank agrees to employ the Employee as its Chairman of the BoardSenior Vice President and Chief Financial Officer, for the period from December 31January 1, 1999 2015 through the Termination Date (the "Employment Period"), unless such employment is terminated earlier pursuant to Section 7 or 8 of this Agreement. The initial Termination Date is December 31, 20022017. Effective as of December 31, 20002015, and as of each December 31 after December 31, 20002015, the Termination Date will automatically extend to the next succeeding December 31 after the then existing Termination Date unless prior to a December 31 automatic extension, the Employee, the Company, or the Bank gives notice to each of the others that the Termination Date shall not be automatically extended on such December 31; in which case the Termination Date will not be extended. Accordingly, unless the Employee, the Company or the Bank gives notice that the Termination Date will not be extended, there will, as of each December 31, be an Employment Period of three years remaining. The Employee hereby accepts such employment.

Employment, Term, and Acceptance. The Company agrees to employ the Employee as its Chairman of the Board of Directors Senior Vice President, Chief Financial Officer and Chief Executive OfficerTreasurer, and the Bank agrees to employ the Employee as its Chairman of the BoardSenior Vice President and Chief Financial Officer, for the period from December 31January 1, 1999 2001 through the Termination Date (the "Employment Period"), unless such employment is terminated earlier pursuant to Section 7 or 8 of this Agreement. The initial Termination Date is December 31, 20022003. Effective as of December 31, 20002001, and as of each December 31 after December 31, 20002001, the Termination Date will automatically extend to the next succeeding December 31 after the then existing Termination Date unless prior to a December 31 automatic extension, the Employee, the Company, or the Bank gives notice to each of the others that the Termination Date shall not be automatically extended on such December 31; in which case the Termination Date will not be extended. Accordingly, unless the Employee, the Company or the Bank gives notice that the Termination Date will not be extended, there will, as of each December 31, be an Employment Period of three years remaining. The Employee hereby accepts such employment.December

Employment, Term, and Acceptance. The Company agrees to employ the Employee as its Chairman of the Board of Directors and Chief Executive OfficerSenior Vice President, Human Resources Director and the Bank agrees to employ the Employee as its Chairman of the BoardSenior Vice President, Human Resource Director, for the period from December 31January 1, 1999 2019 through the Termination Date (the "Employment Period"), unless such employment is terminated earlier pursuant to Section 7 or 8 of this Agreement. The initial Termination Date is December 31, 20022021. Effective as of December 31, 20002019, and as of each December 31 after December 31, 20002019, the Termination Date will automatically extend to the next succeeding December 31 after the then existing Termination Date unless prior to a December 31 automatic extension, the Employee, the Company, Company or the Bank gives notice to each of the others that the Termination Date shall not be automatically extended on such December 31; in which case the Termination Date will not be extended. Accordingly, unless the Employee, the Company or the Bank gives notice that the Termination Date will not be extended, there will, as of each December 31, be an Employment Period of three years remaining. The Employee hereby accepts such employment.

Employment, Term, and Acceptance. The Company agrees to employ the Employee as its Chairman of the Board of Directors and Chief Executive Officer, Vice President and the Bank agrees to employ the Employee as its Chairman of the Board, President for the period from December 31January 1, 1999 2019 through the Termination Date (the "Employment Period"), unless such employment is terminated earlier pursuant to Section 7 or 8 of this Agreement. The initial Termination Date is December 31, 20022021. Effective as of December 31, 20002019, and as of each December 31 after December 31, 20002019, the Termination Date will automatically extend to the next succeeding December 31 after the then existing Termination Date unless prior to a December 31 automatic extension, the Employee, the Company, or the Bank gives notice to each of the others that the Termination Date shall not be automatically extended on such December 31; in which case the Termination Date will not be extended. Accordingly, unless the Employee, the Company or the Bank gives notice that the Termination Date will not be extended, there will, as of each December 31, be an Employment Period of three years remaining. The Employee hereby accepts such employment.