Common use of Services, Duties and Responsibilities Clause in Contracts

Services, Duties and Responsibilities. (a) The Company hereby agrees to employ the Executive as its Chief Financial Officer during the service period fixed by Section 4 hereof (the “Service Period”) and the Bank hereby agrees to employ the Executive as its Chief Financial Officer during the Service Period. At all times during the Service Period, the Executive shall be the Chief Financial Officer of the Company and the Bank. The Executive shall report to the Company Board and the Bank Board and shall have such duties and responsibilities as are consistent with the positions of Chief Financial Officer of a bank holding company and a community bank of similar size and complexity as the Company and the Bank, respectively (the “Services”). The Executive’s principal work location shall be at the Company’s and the Bank’s principal executive offices; provided that the Executive may be required to travel as reasonably necessary in order to perform his duties and responsibilities hereunder.

Appears in 1 contract

Samples: Employment Agreement (FNB United Corp.)

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Services, Duties and Responsibilities. (a) The Company hereby agrees to employ the Executive as its Chief Financial Officer President during the service period fixed by Section 4 hereof (the “Service Period”) and the Bank hereby agrees to employ the Executive as its Chief Financial Officer President during the Service Period. At all times during the Service Period, the Executive shall be the Chief Financial Officer President of the Company and the Bank. The Executive shall report to the Company Board and the Bank Board and shall have such duties and responsibilities as are consistent with the positions of Chief Financial Officer President of a bank holding company and a community bank of similar size and complexity as the Company and the Bank, respectively (the “Services”). The Executive’s principal work location shall be at the Company’s and the Bank’s principal executive offices; provided that the Executive may be required to travel as reasonably necessary in order to perform his duties and responsibilities hereunder.

Appears in 1 contract

Samples: Employment Agreement (FNB United Corp.)

Services, Duties and Responsibilities. (a) The Company hereby agrees to employ the Executive as its Chief Financial Executive Officer during the service period fixed by Section 4 hereof (the “Service Period”) and the Bank hereby agrees to employ the Executive as its Chief Financial Executive Officer during the Service Period. At all times during the Service Period, the Executive shall be the Chief Financial Executive Officer of the Company and the Bank. The Executive shall report to the Company Board and the Bank Board and shall have such duties and responsibilities as are consistent with the positions of Chief Financial Executive Officer of a bank holding company and a community bank of similar size and complexity as the Company and the Bank, respectively (the “Services”). The Executive’s principal work location shall be at the Company’s and the Bank’s principal executive offices; provided that the Executive may be required to travel as reasonably necessary in order to perform his duties and responsibilities hereunder.

Appears in 1 contract

Samples: Employment Agreement (FNB United Corp.)

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Services, Duties and Responsibilities. (a) The Company hereby agrees to employ the Executive as its Chief Financial Officer during the service period fixed by Section 4 hereof (the “Service Period”) and the Bank hereby agrees to employ the Executive as its Chief Financial Officer during the Service Period. At all times during the Service Period, the Executive shall be the Chief Financial Officer of the Company and the Bank. The Executive shall report to the Company Board and the Bank Board and shall have such duties and responsibilities as are consistent with the positions of Chief Financial Officer of a bank holding company and a community bank of similar size and complexity as the Company and the Bank, respectively (the “Services”). The Executive’s principal work location shall be at the Company’s and the Bank’s principal executive offices; provided that the Executive may be required to travel as reasonably necessary in order to perform his duties and responsibilities hereunder.

Appears in 1 contract

Samples: Form of Employment Agreement (CommunityOne Bancorp)

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