Relationship and Duties. 1.1 Bancorp shall employ Employee as an officer of Bancorp with the title of President and Chief Executive Officer to perform such services and duties as the Board of Directors of Bancorp (the "Bancorp Board") may designate from time to time. Subject to the terms and conditions hereof, employee shall perform such duties and exercise such authority as are customarily performed and exercised by persons holding such office, subject to the general direction of the Bancorp Board. Such services and duties shall be exercised in good faith and in accordance with standards of reasonable business judgment. 1.2 Employee shall serve on the Bancorp Board and on such committees established by the Bancorp Board to which Employee may be appointed. 1.3 Subject to Section 1.7 of the Agreement, Employee shall also be employed to serve as an officer of the Bank with the title of President and Chief Executive Officer to perform such services and duties as the Board of Directors of the Bank (the "Bank Board") may designate from time to time. Subject to the terms and conditions hereof, employee shall perform such duties and exercise such authority as are customarily performed and exercised by persons holding such office, subject to the general direction of the Bank Board. Such services and duties shall be exercised in good faith and in accordance with standards of reasonable business judgment. 1.4 Employee shall serve on the Bank Board and on such committees established by the Bank Board to which Employee may be appointed. 1.5 Employee shall devote his full time, attention and efforts to the diligent performance of his duties as an officer and director of Bancorp and of the Bank. Employee will not accept employment with any other individual, corporation, partnership, governmental authority or any other entity, or engage in any other venture for profit which Bancorp may consider to be in conflict with Bancorp's or the Bank's best interests or to be in competition with Bancorp's or the Bank's business, or which may interfere in any way with Employee's performance of his duties hereunder. Any exceptions to the above conditions must be approved by the Bancorp Board in writing.
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Relationship and Duties. 1.1 Bancorp shall employ Employee as an officer of Bancorp with the title of President and Chief Executive Officer to perform such services and duties as the Board of Directors of Bancorp (the "Bancorp Board") may designate from time to time. Subject to the terms and conditions hereof, employee shall perform such duties and exercise such authority as are customarily performed and exercised by persons holding such office, subject to the general direction of the Bancorp Board. Such services and duties shall be exercised in good faith and in accordance with standards of reasonable business judgment.
1.2 Employee shall serve on the Bancorp Board and on such committees established by the Bancorp Board to which Employee may be appointed.
1.3 Subject to Section 1.7 of the Agreement, Employee shall also be employed to serve as an officer of the Bank with the title of President and Chief Executive Officer to perform such services and duties as the Board of Directors of the Bank (the "Bank Board") may designate from time to time. Subject to the terms and conditions hereof, employee shall perform such duties and exercise such authority as are customarily performed and exercised by persons holding such office, subject to the general direction of the Bank Boardboard. Such services and duties shall be exercised in good faith and in accordance with standards of reasonable business judgment.
1.4 Employee shall serve on the Bank Board and on such committees established by the Bank Board to which Employee may be appointed.
1.5 Employee shall devote his full time, attention and efforts to the diligent performance of his duties as an officer and director of Bancorp and of the Bank. Employee will not accept employment with any other individual, corporation, partnership, governmental authority or any other entity, or engage in any other venture for profit which Bancorp may consider to be in conflict with Bancorp's or the Bank's best interests or to be in competition with Bancorp's or the Bank's business, or which may interfere in any way with Employee's performance of his duties hereunder. Any exceptions to the above conditions must be approved by the Bancorp Board in writing.,
Appears in 1 contract
Relationship and Duties. 1.1 Bancorp shall employ Employee as an officer of Bancorp with the title of President and Chief Executive Officer to perform such services and duties as the Board of Directors of Bancorp (the "Bancorp Board") may designate from time to time. Subject to the terms and conditions hereof, employee shall perform such duties and exercise such authority as are customarily performed and exercised by persons holding such office, subject to the general direction of the Bancorp Board. Such services and duties shall be exercised in good faith and in accordance with standards of reasonable business judgment.
1.2 Employee shall serve on the Bancorp Board and on such committees established by the Bancorp Board to which Employee may be appointed.
1.3 Subject to Section 1.7 of the Agreement, Employee shall also be employed to serve as an officer of the Bank with the title of President and Chief Executive Officer to perform such services and duties as the Board of Directors of the Bank (the "Bank Board") may designate from time to time. Subject to the terms and conditions hereof, employee shall perform such duties and exercise such authority as are customarily performed and exercised by persons holding such office, subject to the general direction of the Bank Board. Such services and duties shall be exercised in good faith and in accordance with standards of reasonable business judgment.
1.4 Employee shall serve on the Bank Board and on such committees established by the Bank Board to which Employee may be appointed.
1.5 Employee shall devote his full time, attention and efforts to the diligent performance of his duties as an officer and director of Bancorp and of the Bank. Employee will not accept employment with any other individual, corporation, partnership, governmental authority or any other entity, or engage in any other venture for profit which Bancorp may consider to be in conflict with Bancorp's or the Bank's best interests or to be in competition with Bancorp's or the Bank's business, or which may interfere in any way with Employee's performance of his duties hereunder. Any exceptions to the above conditions must be approved by the Bancorp Board in writing.in
Appears in 1 contract
Relationship and Duties. 1.1 Bancorp shall employ Employee as an officer of Bancorp with the title of President and Chief Executive Officer to perform such services and duties as the Board of Directors of Bancorp (the "Bancorp Board") may designate from time to time. Subject to the terms and conditions hereof, employee shall perform such duties and exercise such authority as are customarily performed and exercised by persons holding such office, subject to the general direction of the Bancorp Board. Such services and duties shall be exercised in good faith and in accordance with standards of reasonable business judgment.
1.2 Employee shall serve on the Bancorp Board and on such committees established by the Bancorp Board to which Employee may be appointed.
1.3 Subject to Section 1.7 of the Agreement, Employee shall also be employed to serve as an officer of the Bank with the title of President and Chief Executive Officer to perform such services and duties as the Board of Directors of the Bank (the "Bank Board") may designate from time to time. Subject to the terms and conditions hereof, employee shall perform such duties and exercise such authority as are customarily performed and exercised by persons holding such office, subject to the general direction of the Bank Board. Such services and duties shall be exercised in good faith and in accordance with standards of reasonable business judgment.
1.4 Employee shall serve on the Bank Board and on such committees established by the Bank Board to which Employee may be appointed.
1.5 Employee shall devote his full time, attention and efforts to the diligent performance of his duties as an officer and director of Bancorp and of the Bank. Employee will not accept employment with any other individual, corporation, partnership, governmental authority or any other entity, or engage in any other venture for profit which Bancorp may consider to be in conflict with Bancorp's or the Bank's best interests or to be in competition with Bancorp's or the Bank's business, or which may interfere in any way with Employee's performance of his duties hereunder. Any exceptions to the above conditions must be approved by the Bancorp Board in writing.best
Appears in 1 contract
