Common use of Nature and Substance Clause in Contracts

Nature and Substance. Xxxx shall report directly to the Chairman and shall be under the direction of the Chairman. The specific powers and duties of Xxxx shall be established, determined and modified by and within the discretion of the Board, including (but not necessarily be limited to): (a) the coordination and leadership of the efforts of Eagle to achieve and maintain any and all necessary and/or appropriate Bank Regulatory Agency approvals and permissions prerequisite to its successful continued operation, including coordination of the professional services of counsel, accountants and bank consultants; (b) the preparation and presentation to the Board of budgets and adherence of Eagle to those approved by the Board; (c) the provision of such reports, updates and other data and information as may be reasonably required by Eagle and Bank Regulatory Agencies; (d) subject to guidelines and/or criteria established by Eagle, the hiring, promotion, supervision, retention and discharge of all employees, except for executive officers of Eagle at or above the level of Executive Vice President; (e) the formulation and implementation of employee personnel policies and benefits, subject to approval by the Board; (f) the promotion of the reputation and business of Eagle within the community; (g) the advancement of the business purposes of Eagle, including, but not limited to, business development and customer, depositor and public relations; (h) participation in and service upon such committees and subcommittees as may be directed by the Board, without additional compensation to that set forth hereinbelow; (i) supervision of the maintenance of the books and accounts and the supervision and maintenance of accounts payable and expenses of Eagle and the reporting of the status thereof at each scheduled or called meeting of the Board or any committee thereof; provided, however, that all expenditures on behalf of Eagle shall be approved in accordance with the terms and conditions of procedures established by the Board; (j) such other duties of the President and Chief Executive Officer as may be enumerated in the Bylaws; and (k) such other duties and responsibilities as are normally incident to the position of President and Chief Executive Officer of a banking institution, including assisting, directing and/or supervising the operations and other employees of Eagle upon such terms, conditions, rules, policies and regulations as may be established by the Board from time to time.

Nature and Substance. Xxxx With respect to EagleBank, Xxxxx shall report directly to the Chairman and shall be under the direction of the Chairman. With respect to EBI, Xxxxx shall report directly to the Chairman of the Board of EBI and to the President of EBI and shall be under the direction of them. The specific powers and duties of Xxxx Xxxxx shall be established, determined and modified by and within the discretion of the Bank Board and the EBI Board, including (but not necessarily be limited to): (a) the coordination and leadership of the efforts of Eagle EagleBank to achieve and maintain any and all necessary and/or appropriate Bank Regulatory Agency approvals and permissions prerequisite to its successful continued operation, including coordination of the professional services of counsel, accountants and bank consultants; (b) the preparation and presentation to the Bank Board of budgets and the adherence of Eagle to those budgets approved by the Bank Board; (c) the provision of such reports, updates and other data and information as may be reasonably required by Eagle and Bank Regulatory Agencies; (d) subject to guidelines and/or criteria established by EagleEagleBank, the hiring, promotion, supervision, retention and discharge of all EagleBank employees, except for ; as to executive officers of Eagle EagleBank at or above the level of Executive Vice President, Xxxxx shall be responsible for their supervision, and may make recommendations to the Bank Board with respect to their hiring, promotion and discharge; (e) the formulation and implementation of EagleBank employee personnel policies and benefits, subject to approval by the Bank Board; ; (f) the promotion of the reputation and business of Eagle EagleBank within the community; (g) the advancement of the business purposes of EagleEagleBank, including, but not limited to, business development and customer, depositor and public relations; (h) participation in and service upon such committees and subcommittees as may be directed by the Bank Board and/or the EBI Board, without additional compensation to that set forth hereinbelowherein below; (i) supervision of the maintenance of the books and accounts and the supervision and maintenance of accounts payable and expenses of Eagle EagleBank and the reporting of the status thereof at each scheduled or called meeting of the Bank Board or any committee thereof; provided, however, that all expenditures on behalf of Eagle EagleBank shall be approved in accordance with the terms terms, conditions and conditions of procedures established by the Bank Board; (j) such other duties of the President and Chief Executive Officer of EagleBank as may be enumerated in the Bank Bylaws and such other duties of Executive Vice President of EBI as may be enumerated in the EBI Bylaws; and (k) such other duties and responsibilities as are normally incident to the position subject positions of President and Chief Executive Officer of a banking institutionXxxxx, including assisting, directing and/or supervising the operations and other employees of Eagle upon such terms, conditions, rules, policies and regulations as may be established by the Bank Board and/or the EBI Board from time to time.

Nature and Substance. Xxxx Xxxxxx shall report directly to the Chairman President and shall be under the direction of the ChairmanPresident. The specific powers and duties of Xxxx Xxxxxx shall be established, determined and modified by and within the discretion of the Board, including (but not necessarily be limited to): (a) the coordination and leadership of the efforts of Eagle to achieve and maintain any and all necessary and/or appropriate Bank Regulatory Agency approvals and permissions prerequisite to its successful continued operation, including coordination of the professional services of counsel, accountants and bank consultants; (b) the preparation and presentation to the Board of budgets and adherence of Eagle to those approved by the Board; (c) the provision of such reports, updates and other data and information as may be reasonably required by Eagle and Bank Regulatory Agencies; (d) subject to guidelines and/or criteria established by Eagle, the hiring, promotion, supervision, retention and discharge of all employees, except for executive officers of Eagle at or above the level of Executive Vice President; (e) the formulation and implementation of employee personnel policies and benefits, subject to approval by the Board; ; (f) the promotion of the reputation and business of Eagle within the community; (g) the advancement of the business purposes of Eagle, including, but not limited to, business development and customer, depositor and public relations; (h) participation in and service upon such committees and subcommittees as may be directed by the Board, without additional compensation to that set forth hereinbelow; (i) supervision of the maintenance of the books and accounts and the supervision and maintenance of accounts payable and expenses of Eagle and the reporting of the status thereof at each scheduled or called meeting of the Board or any committee thereof; provided, however, that all expenditures on behalf of Eagle shall be approved in accordance with the terms and conditions of procedures established by the Board; (j) such other duties of the Executive Vice President and Chief Executive Operating Officer as may be enumerated in the Bylaws; and (k) such other duties and responsibilities as are normally incident to the position of Executive Vice President and Chief Executive Operating Officer of a banking institution, including assisting, directing and/or supervising the operations and other employees of Eagle upon such terms, conditions, rules, policies and regulations as may be established by the Board from time to time.

Nature and Substance. Xxxx Xx. Xxxxxx shall report directly to the Chairman President and Chief Executive Officer and shall be under the direction of the ChairmanPresident and Chief Executive Officer. The specific powers and duties of Xxxx the Executive Vice President and Chief Financial Officer shall be established, determined and modified by and within the discretion of the Board, President and Chief Executive Officer including (but not necessarily be limited to): (a) the coordination and leadership of the efforts of Eagle the Company and the Bank to achieve and maintain any and all necessary and/or appropriate Bank Regulatory Agency approvals and permissions prerequisite to its successful continued operation, including coordination of the professional services of counsel, accountants and bank consultants; (b) the preparation and presentation to the Company Board and Bank Board of budgets and adherence of Eagle the Bank to those approved by the Company Board and Bank Board; (c) the provision of such reports, updates and other data and information as may be reasonably required by Eagle the Company Board or Bank Board and Bank Regulatory Agencies; (d) subject to guidelines and/or criteria established manage the Company’s and Bank’s investment portfolios in accordance with the Company’s and Bank’s investment policies approved by Eagle, the hiring, promotion, supervision, retention Company Board and discharge of all employees, except for executive officers of Eagle at or above the level of Executive Vice PresidentBank Board; (e) the formulation and implementation of the Company’s and Bank’s employee personnel policies and benefitsbenefits in coordination with the President and Chief Executive Officer, subject to approval by the Company Board or Bank Board; , as appropriate; (f) the promotion of the reputation and business of Eagle the Company and Bank within the community; (g) the advancement of the business purposes of Eagle, including, but not limited to, business development and customer, depositor and public relations; (h) participation in and service upon such committees and subcommittees as may be directed by the Board, Company Board or Bank Board without additional compensation to that set forth hereinbelowherein below; (ih) supervision of the maintenance of the books and accounts and the supervision and maintenance of accounts payable and expenses of Eagle the Company and Bank and the reporting of the status thereof at each scheduled or called meeting of the Company Board or Bank Board or any committee thereof; provided, however, that all expenditures on behalf of Eagle the Company or Bank shall be approved in accordance with the terms and conditions of procedures established by the Company Board or Bank Board, as appropriate; (j) such other duties of the President and Chief Executive Officer as may be enumerated in the Bylaws; and (ki) such other duties and responsibilities as are normally incident to the subject position of Executive Vice President and Chief Executive Officer of a banking institutionFinancial Officer, including assisting, directing and/or supervising the operations and other employees of Eagle the Company or Bank upon such terms, conditions, rules, policies and regulations as may be established by the Company Board or Bank Board, as appropriate, from time to time.

Nature and Substance. Xxxx Xx. Xxxxxx shall report directly to the Chairman and shall be under the direction of the ChairmanBoard of the Company and the Bank. The specific powers and duties of Xxxx the President and Chief Executive Officer shall be established, determined and modified by and within the discretion of the Company Board or Bank Board, as appropriate including (but not necessarily be limited to): (a) the coordination and leadership of the efforts of Eagle the Company and the Bank to achieve and maintain any and all necessary and/or appropriate Bank Regulatory Agency approvals and permissions prerequisite to its successful continued operation, including coordination of the professional services of counsel, accountants and bank consultants; (b) the preparation and presentation to the Company Board and Bank Board of budgets and adherence of Eagle the Bank to those approved by the Company Board and Bank Board; (c) the provision of such reports, updates and other data and information as may be reasonably required by Eagle the Company Board or Bank Board and Bank Regulatory Agencies; (d) subject to guidelines and/or criteria established by Eaglethe Company Board and Bank Board, the hiring, promotion, supervision, retention and discharge of all employees, except for executive officers of Eagle at or above the level of Executive Senior Vice President;. (e) the formulation and implementation of the Company’s and Bank’s employee personnel policies and benefits, subject to approval by the Company Board or Bank Board; , as appropriate; (f) the promotion of the reputation and business of Eagle the Company and Bank within the community; (g) the advancement of the business purposes of Eaglethe Company and Bank, including, but not limited to, business development and customer, depositor and public relations; (h) participation in and service upon such committees and subcommittees as may be directed by the Board, Company Board or Bank Board without additional compensation to that set forth hereinbelowherein below; (i) supervision of the maintenance of the books and accounts and the supervision and maintenance of accounts payable and expenses of Eagle the Company and Bank and the reporting of the status thereof at each scheduled or called meeting of the Company Board or Bank Board or any committee thereof; provided, however, that all expenditures on behalf of Eagle the Company or Bank shall be approved in accordance with the terms and conditions of procedures established by the Company Board or Bank Board, as appropriate; (j) such other duties of the President and Chief Executive Officer of the Company and Bank as may be enumerated in the Company Bylaws or Bank Bylaws; and; (k) such other duties and responsibilities as are normally incident to the subject position of President and Chief Executive Officer of a banking institutionPresident, including assisting, directing and/or supervising the operations and other employees of Eagle the Company or Bank upon such terms, conditions, rules, policies and regulations as may be established by the Company Board or Bank Board, as appropriate, from time to time.