Common use of RELATIONSHIP ESTABLISHED AND DUTIES Clause in Contracts

RELATIONSHIP ESTABLISHED AND DUTIES. 1. The Bank hereby will employ the employee as President and Chief Executive Officer, to hold the title of President and Chief Executive Officer, and to perform such services and duties as the Board of Directors 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 general direction of the Board of Directors of the Bank, exercised in good faith in accordance with standards of reasonable business judgment. 2. Employee shall serve on the Board of Directors of the Bank, and shall be entitled to Directors' Fees just like any other director, and shall serve as a member of its Executive Committee, subject to the terms hereof. 3. Employee accepts such employment and shall devote his full time, attention, and efforts to the diligent performance of his duties herein specified and as an officer and director of the Bank and 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 the Bank may consider to be in conflict with his or its best interest or to be in competition with the Bank's business, or which may interfere in any way with the employee's performance of his duties hereunder. Any exception to this must be made by notification and approval of the Board.

RELATIONSHIP ESTABLISHED AND DUTIES. 1. The LLC, Bank and the Bank Holding Company hereby will employ the employee Employee as President and Chief Executive Officer, to hold the title of President and Chief Executive Officer, and Officer to perform such services and duties as the Board of Directors mayof the LLC, Bank and the Holding Company (Board) may from time to time, time designate during the term hereof. Subject to the terms and conditions hereof, employee Employee will 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 Board of Directors of the BankBoard, exercised in good faith in accordance with standards of reasonable business judgment., 2. Employee shall serve on the Board of Directors of the Bank, Bank and shall be entitled to Directors' Fees just like any other director, The Holding Company and shall serve as a voting member of its Executive Committee, subject to the terms hereof. 3. Employee accepts such employment and shall devote his full time, attention, and efforts to the diligent performance of his duties herein specified and as an officer and director of the Bank and Holding Company and 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 the Bank or Holding Company may consider to be in conflict with his or its best interest or to be in competition with the Bank's or Holding Company's business, or which may interfere in any way with the employeeEmployee's performance of his duties hereunder, except passive personal investments in real estate, stocks, and bonds. Any exception to this paragraph must be made by notification and approval of the Board.

RELATIONSHIP ESTABLISHED AND DUTIES. 1. The Bank hereby will employ employs the employee Executive as President and Chief Executive OfficerExecution Officer of the Bank, to hold the title of President and Chief Executive Officer, and to perform such services and duties as the Bank's Board of Directors may, from time to time, designate during the term hereof. Subject to the terms and conditions hereof, employee the Executive will 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 Board of Directors of the BankDirectors, exercised in good faith in accordance with the standards of reasonable business judgment. 2. Employee The Executive shall serve on the Board of Directors of the Bank, Bank and shall be entitled to Directors' Fees just like any other director, and shall serve as a member of its Executive Committee, subject to the terms hereof. 3. Employee The Executive accepts such employment and shall devote his full time, attention, time attention and efforts to the diligent performance of his duties herein specified and as an officer and director of the Bank director, and will not accept employment with any other individual, corporation, partnership, governmental authority, authority or any other entity, or engage in any other venture for profit (other than as a passive investor) which the Bank may consider to be in conflict with his or its best interest or to be in competition with the Bank's businessinterest, or which may interfere in any way with the employeeExecutive's performance of his duties hereunder. Any . i. As an exception to this must covenant the Executive shall be made by notification permitted to serve on the Board of Directors of other banking institutions, subject to Board approval, so long as those institutions shall not have a regular business located within Lee Xxxnty, State of Florida, and approval of as long as such service does not interfere with said executive services to the BoardBank.

RELATIONSHIP ESTABLISHED AND DUTIES. 1. A. The Bank and the Holding Company hereby will employ the employee Employee as President and Chief Executive Officer, to hold the title of President and Chief Executive Officer, and to perform such services and duties as the Board of Directors of the Bank and the Holding Company may, from time to time, designate during the term hereof. Subject to the terms and conditions hereof, employee Employee will 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 Board of Directors of the BankBank and the Holding Company, exercised in good faith in accordance with standards of reasonable business judgmentjudgement. Without limiting the generality of the foregoing, to the extent permitted by law and the governing instruments of the Bank, the Employee shall have the ultimate responsibility and authority for the hiring and firing of any and all employees and/or officers of the Bank. 2. B. Employee shall serve on the Board of Directors of Big Lake National Bank ("The Bank") and Big Lake Financial Corporation ("the Bank, and shall be entitled to Directors' Fees just like any other director, and shall serve as a member of its Executive Committee, subject to the terms hereofHolding Company"). 3. C. Employee accepts such employment and shall devote his full time, attention, and efforts to the diligent performance of his duties herein specified and as an officer and director of the Bank and Holding Company and 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 the Bank and/or the Holding Company may consider to be in conflict with his or its best interest or to be in competition with the Bank's or the Holding Company's business, or which may interfere in any way with the employeeEmployee's performance of his duties hereunder. Any exception to this must be made by notification and approval upon the prior written consent of the Board of Directors of the Bank and the Company (hereinafter referred to as "the Board").

RELATIONSHIP ESTABLISHED AND DUTIES. 1. The Bank (a) Employer hereby will employ the employee as President and Chief Executive Officer, to hold the title of President and Chief Executive Officeremploys Employee, and appoints Employee as Working Chairman of the Bank. Employee shall devote whatever time, attention, efforts, and energies are deemed necessary and appropriate in the discretion of Employee to perform such the services and duties associated with the appointed position of Working Chairman as the Board of Directors may, from time to time, designate during the term hereoftime may prove necessary. Subject to the terms and conditions hereof, employee Employee will perform such duties and exercise such authority as are customarily performed and exercised by persons holding such officethe offices of Chairman, and which shall be subject to the general direction supervision of the Board of Directors of the Bank, exercised in good faith in accordance with the standards of reasonable business judgmentcommercial judgement. 2. (b) Employee shall serve on the Board of Directors of the Bank, Bank and shall be entitled to Directors' Fees just like any other director, and shall serve as a member of its Executive Committee, subject to the terms hereof. 3. (c) Employee accepts such employment employment, and shall devote his full cause to be devoted to said employment such time, attention, efforts as are deemed necessary and efforts appropriate by Employee from time to time in the diligent performance of his duties herein specified and as an officer and director of the Bank and will not accept employment with any other individual, corporation, partnership, governmental authority, authority or any other entity, entity or engage in any other venture for profit which the Bank Employer may consider to be in conflict with his or its best interest or to be in competition with the Bank's business, or which may conflict with the best interests of the Bank or interfere in any way with the employeeEmployee's performance of his duties hereunder. Any exception to this must be made by notification and approval of the Board.

RELATIONSHIP ESTABLISHED AND DUTIES. 1. The Bank hereby will employ the employee as President and Chief Executive Officer, to hold the title of President and Chief Executive Officer, and to perform such services and duties as the Board of Directors 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 general direction of the Board of Directors of the Bank, exercised in good faith in accordance with standards of reasonable business judgment. 2. Employee shall serve on the Board of Directors of the Bank, and shall be entitled to Directors' Fees just like any other director, and shall serve as a member of its Executive Committee, subject to the terms hereof. 3. Employee accepts such employment and shall devote his full time, attention, and efforts to the diligent performance of his duties herein specified and as an officer and director of the Bank and 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 the Bank may consider to be in conflict with his or its best interest or to be in competition competition ........ 1 with the Bank's business, or which may interfere in any way with the employee's performance of his duties hereunder. Any exception to this must be made by notification and approval of the Board.

RELATIONSHIP ESTABLISHED AND DUTIES. 1. The Bank and the Bank Holding Company hereby will employ the employee as President and Chief Executive Officer, to hold the title of President and Chief Executive Officer, and to perform such services and duties as the Board of Directors 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 general direction of the Board of Directors of the Bank, exercised in good faith in accordance with standards of reasonable business judgment. 2. Employee shall serve on the Board of Directors of the BankBank and the Bank Holding Company, and shall be entitled to Directors' Fees just like any other director, and shall serve as a member of its Executive Committee, subject to the terms hereof. 3. Employee accepts such employment and shall devote his full time, attention, and efforts to the diligent performance of his duties herein specified and as an officer and director of the Bank and 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 the Bank may consider to be in conflict with his or its best interest or to be in competition with the Bank's business, or which may interfere in any way with the employee's performance of his duties hereunder. Any exception to this must be made by notification and approval of the Board.