Common use of Relationship and Duties Clause in Contracts

Relationship and Duties. (a) Employer hereby employs Employee on the effective date hereof (as defined in paragraph 2 below) as an officer of the Bank to serve as Vice President to serve as a construction/real estate lending officer and to perform such services and duties as the Bank's President & CEO ("President") may, from time to time, designate during the term hereof. Subject to the terms and conditions hereof, Employee will perform such duties and exercise such authority as are customarily performed and exercised by persons holding such office, subject to the direction of the President. (b) Employee accepts such employment and shall devote full time, attention, and best efforts to the diligent performance of duties herein specified and as an officer of the Bank. While employed by Employer, the Employee will not, without the prior written consent of the President, accept employment with any other individual, corporation, partnership, governmental authority or other entity, or engage in any other venture for profit which Employer or the Board may consider to be in conflict with the Bank's best interests or to be in competition with the Bank, or which may interfere in any way with the Employee's performance of his duties hereunder. It is understood that Employee does have the right to participate in passive investments including income producing real estate, not otherwise in conflict with Bank policy. (c) Whenever the term "Employer" is used herein, that term shall be deemed synonymous with the terms "the Bank", "President" or "the Board", whenever the context so requires.

Relationship and Duties. (a) Employer hereby employs Employee on the effective date hereof (as defined in paragraph 2 below) as an officer Executive Vice President of the Bank to serve as Vice President to serve as a construction/real estate commercial lending officer and to perform such services and duties as the Bank's President & CEO ("President") may, from time to time, designate during the term hereof. Subject to the terms and conditions hereof, Employee will perform such duties and exercise such authority as are customarily performed and exercised by persons holding such office, subject to the direction of the President. (b) Employee accepts such employment and shall devote his full time, attention, and best efforts to the diligent performance of his duties herein specified and as an officer of the Bank. While employed by Employer, the Employee will not, without the prior written consent of the President, accept employment with any other individual, corporation, partnership, governmental authority or other entity, or engage in any other venture for profit which Employer or the Board may consider to be in conflict with the Bank's best interests or to be in competition with the Bank, or which may interfere in any way with the Employee's performance of his duties hereunder. It is understood that Employee does have the right to participate in passive investments including income producing real estate, not otherwise in conflict with Bank policy. (c) Whenever the term "Employer" is used herein, that term shall be deemed synonymous with the terms "the Bank", "President" ", or "the Board", whenever the context so requires. (d) Regarding the relationships and duties of the parties to this contract, the Employee shall not be required by Employer, as a part of his duties, to perform or to participate in any activity which constitutes a violation of any state or federal law, rule, ordinance or regulation.

Relationship and Duties. (a) Employer hereby employs Employee on the effective date hereof (as defined in paragraph 2 below) as an officer of the Bank to serve as Senior Vice President to serve as a constructionPresident/real estate lending officer Chief Financial Officer and to perform such services and duties as the Bank's President & CEO ("President") may, from time to time, designate during the term hereof. Subject to the terms and conditions hereof, Employee will perform such duties and exercise such authority as are customarily performed and exercised by persons holding such office, subject to the direction of the President. (b) Employee accepts such employment and shall devote full time, attention, and best efforts to the diligent performance of duties herein specified and as an officer of the Bank. While employed by Employer, the Employee will not, without the prior written consent of the President, accept employment with any other individual, corporation, partnership, governmental authority or other entity, or engage in any other venture for profit which Employer or the Board may consider to be in conflict with the Bank's best interests or to be in competition with the Bank, or which may interfere in any way with the Employee's performance of his duties hereunder. It is understood that Employee does have the right to participate in passive investments including income producing real estate, not otherwise in conflict with Bank policy. (c) Whenever the term "Employer" is used herein, that term shall be deemed synonymous with the terms "the Bank", "President" or "the Board", whenever the context so requires.

Relationship and Duties. (a) Employer hereby employs Employee on the effective date hereof (as defined in paragraph 2 below) as an officer of the Bank to serve as Senior Vice President to serve as a construction/real estate lending loan administration officer and to perform such services and duties as the Bank's President & CEO ("President") may, from time to time, designate during the term hereof. Subject to the terms and conditions hereof, Employee will perform such duties and exercise such authority as are customarily performed and exercised by persons holding such office, subject to the direction of the President. (b) Employee accepts such employment and shall devote full time, attention, and best efforts to the diligent performance of duties herein specified and as an officer of the Bank. While employed by Employer, the Employee will not, without the prior written consent of the President, accept employment with any other individual, corporation, partnership, governmental authority or other entity, or engage in any other venture for profit which Employer or the Board may consider to be in conflict with the Bank's best interests or to be in competition with the Bank, or which may interfere in any way with the Employee's performance of his duties hereunder. It is understood that Employee does have the right to participate in passive investments including income producing real estate, not otherwise in conflict with Bank policy. (c) Whenever the term "Employer" is used herein, that term shall be deemed synonymous with the terms "the Bank", "President" or "the Board", whenever the context so requires.