Common use of One Year Contract; Annual Renewal Clause in Contracts

One Year Contract; Annual Renewal. The term of Executive's employment under this Agreement shall commence as of the Effective Date and shall continue thereafter for a period of one year. Commencing on the first anniversary date of this Agreement (the "Anniversary Date") and continuing on each Anniversary Date thereafter, the term of this Agreement shall renew for an additional year such that the remaining term of this Agreement is always one year provided, however, that in order for the Agreement to renew, the disinterested members of the Board of Directors of the Bank (the "Board") must take the following actions prior to each non-renewal notice period (as described in the next sentence): (i) at least sixty (60) days prior to the Anniversary Date, conduct a comprehensive performance evaluation and review of Executive for purposes of determining whether to extend the Agreement; and (ii) affirmatively approve the renewal or non-renewal of the Agreement, which decision shall be included in the minutes of the Board's meeting. If the decision of such disinterested members of the Board is not to renew the Agreement, then the Board shall provide the Executive with a written notice of non-renewal ("Non-Renewal Notice") at least thirty (30) days and not more than sixty (60) days prior to any Anniversary Date, such that this Agreement shall terminate at the end of twelve (12) months following such Anniversary Date.

One Year Contract; Annual Renewal. The term of Executive's employment under this Agreement shall commence as of the Effective Date and continue until December 31, 2024. Commencing on January 1, 2025, the term shall continue thereafter for a period of one year. Commencing on the first anniversary date of this Agreement year (the "Anniversary Date"“Term”) and continuing on January 1, 2026 and each Anniversary Date thereafterJanuary 1 thereafter (each, a “Renewal Date”), the term Term of this Agreement shall renew for an additional year such that the remaining term of this Agreement is always one year from the January 1 renewal date; provided, however, that in order for the this Agreement to renew, the disinterested members of the Board of Directors of the Bank Association (the "“Board"”) must take the following actions within the time frames set forth below prior to each non-renewal notice period (as described in the next sentence): Renewal Date: (i) at least sixty thirty (6030) days prior to the Anniversary Renewal Date, conduct or review a comprehensive performance evaluation and review of Executive for purposes of determining whether to extend the this Agreement; and (ii) affirmatively approve the renewal or non-renewal of the this Agreement, which decision shall be included in the minutes of the Board's ’s meeting. If the decision of such disinterested members of the Board is not to renew the this Agreement, then the Board shall provide the Executive with a written notice of non-renewal ("“Non-Renewal Notice"”) at least thirty (30) days and not more than sixty (60) days prior to any Anniversary Renewal Date, such that this Agreement shall terminate at the end of the remaining term. Notwithstanding the foregoing, in the event that the Company or the Association has entered into an agreement to effect a transaction which would be considered a Change in Control as defined below, then the term of this Agreement shall be extended and shall terminate twelve (12) months following such Anniversary Datethe date on which the Change in Control occurs.

One Year Contract; Annual Renewal. The term of Executive's ’s employment under this Agreement shall commence as of the Effective Date and shall continue thereafter for a period of one year. Commencing on the first anniversary date of this Agreement (the "“Anniversary Date"”) and continuing on each Anniversary Date thereafter, the term of this Agreement shall renew for an additional year such that the remaining term of this Agreement is always one year provided, however, that in order for the Agreement to renew, the disinterested members of the Board of Directors of the Bank (the "“Board"”) must take the following actions prior to each non-renewal notice period (as described in the next sentence): (i) at least sixty (60) days prior to the Anniversary Date, conduct a comprehensive performance evaluation and review of Executive for purposes of determining whether to extend the Agreement; and (ii) affirmatively approve the renewal or non-renewal of the Agreement, which decision shall be included in the minutes of the Board's ’s meeting. If the decision of such disinterested members of the Board is not to renew the Agreement, then the Board shall provide the Executive with a written notice of non-renewal ("“Non-Renewal Notice"”) at least thirty (30) days and not more than sixty (60) days prior to any Anniversary Date, such that this Agreement shall terminate at the end of twelve (12) months following such Anniversary Date.

One Year Contract; Annual Renewal. The term of Executive's employment under this Agreement shall commence as of the Effective Date and shall continue thereafter for a period of one year. Commencing on the first anniversary date of this Agreement (the "Anniversary Date") January 16, 2022 and continuing on each Anniversary Date thereafterJanuary 16 thereafter (each, a “Renewal Date”), the term of this Agreement shall renew for an additional year such that the remaining term of this Agreement is always one year from such Renewal Date; provided, however, that in order for the Agreement to renew, the disinterested members of the Board of Directors of the Bank (the "“Board"”) must take the following actions within the time frames set forth below prior to each non-renewal notice period (as described in the next sentence): Renewal Date: (i) at least sixty thirty (6030) days prior to the Anniversary Renewal Date, conduct or review a comprehensive performance evaluation and review of Executive for purposes of determining whether to not extend the this Agreement; and (ii) affirmatively approve the renewal or non-renewal of the Agreement, which decision shall be included in the minutes of the Board's meeting. If if the decision of such disinterested members of the Board is not to renew the this Agreement, then the Board shall provide the Executive with a written notice of non-renewal ("“Non-Renewal Notice"”) at least thirty (30) days and not more than sixty (60) days prior to any Anniversary Renewal Date, such that this Agreement shall terminate at the end of twelve (12) months the remaining term. Notwithstanding the foregoing, in the event that the Company or the Bank has entered into an agreement to effect a transaction which would be considered a Change in Control as defined below, then, on the date of such agreement, the term of this Agreement shall be extended and shall terminate one year following such Anniversary Datethe date on which the Change in Control occurs.

One Year Contract; Annual Renewal. The term of Executive's employment under this Agreement shall commence as of the Effective Date and shall continue thereafter for a period of one year. Commencing on the first anniversary date of this Agreement (the "“Anniversary Date"”) and continuing on each Anniversary Date thereafter, the term of this Agreement shall renew for an additional year such that the remaining term of this Agreement is always one year year; provided, however, that in order for the Agreement to renew, the disinterested members of the Board of Directors of the Bank (the "“Board"”) must take the following actions within the time frames set forth below prior to each non-renewal notice period (as described in the next sentence): Anniversary Date: (i) at least sixty thirty (6030) days prior to the Anniversary Date, conduct or review a comprehensive performance evaluation and review of Executive for purposes of determining whether to extend the this Agreement; and (ii) affirmatively approve the renewal or non-renewal of the this Agreement, which decision shall be included in the minutes of the Board's ’s meeting. If the decision of such disinterested members of the Board is not to renew the this Agreement, then the Board shall provide the Executive with a written notice of non-renewal ("“Non-Renewal Notice"”) at least thirty (30) days and not more than sixty (60) days prior to any Anniversary Date, such that this Agreement shall terminate at such Anniversary Date. Notwithstanding the end foregoing, in the event that the Company or the Bank has entered into an agreement to effect a transaction which would be considered a Change in Control as defined below, then, on the date of such agreement, the term of this Agreement shall be extended and shall terminate twelve (12) months following such Anniversary Datethe date on which the Change in Control occurs.